Chisinau, Moldova (ots/PRNewswire) – Moldova positions itself with the publication of the guide “IT Investment Guide for Moldova“, created by Emerging Europe, as an emerging technology hub. This guide provides detailed insights into Moldova’s dynamic IT sector and highlights strategic advantages, opportunities and incentives for investors.
The Moldova Innovation Technology Park (MITP) is at the heart of this transformation, driving the country’s digital agenda and fostering a robust innovation ecosystem. MITP hosts over 21,190 IT specialists and contributes significantly to Moldova’s GDP and IT exports.
The main advantages of MITP:
- Standard tax rate: MITP residents enjoy one Uniform tax rate of 7%which replaces the entire tax burden for companies and employees.
- No corporate tax: Resident companies are exempt from corporate tax, local taxes, property tax and road tax.
- Work permits: The IT-Visumsprogramm offers a four-year work permit for top managers and a two-year permit for IT specialists and their families.
- Talent and education: Moldova has a large pool of IT graduates supported by leading universities and training programs.
Growth and Achievements:
Moldova’s IT sector has shown remarkable growth and resilience. Between 2016 and 2022, the sector achieved an annual revenue growth rate of 37.1% and an annual growth in IT exports of 40%. The IT sector now makes up a significant part of the Moldovan economy, with MITP accounting for about 80% of the sector and five percent of the country’s exports.
The guide highlights the success stories of international and local companies that are thriving in Moldova’s business environment, including Amdaris, Endava, Bloomcoding and Crunchyroll. These companies have taken advantage of MITP to expand and innovate in their respective fields.
Strategic positioning:
Moldova’s alignment with the European Union’s digital transformation strategy increases the country’s attractiveness for investors. The country’s commitment to digitalization is evident in its advanced public services and robust infrastructure. Moldova ranks top in the IT Competitiveness Index, outperforming many other countries in the region in terms of talent availability, business environment and economic impact.
A promising future:
The Republic of Moldova’s digital transformation strategy aims to: 100% digitalization of public administration and thereby sets a high standard for technology-supported economic development. For investors and companies looking for opportunities in Eastern Europe, the Republic of Moldova offers a compelling offer. The “IT Investment Guide for Moldova” highlights the country’s achievements and serves as a roadmap for its digital future.
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Questions & Contact:
Happy Veronica,
International advertising manager | MITP,
Phone: +373 79 409 212,
E-Mail: veronica.bucur@mitp.md