Moldova has made significant steps towards enhancing its startup ecosystem. Promoting a Tech friendly fiscal environment, Moldova is positioning itself on a niche connecting East and West where a flagship example is Tekwill, a private public partnership aiming to increase ICT industry competitiveness and develop its startup ecosystem.
Why you should invest in Moldova
Reasons to move your startup to Moldova
A virtual IT park initiative allows participating startups to operate from anywhere in the country and pay a flat tax rate of 7% in place of corporate income tax, personal income tax, social security taxes, and local and real estate taxes.
Tekwill, a $13 million innovation space to develop human capital and support startups, has trained 43,000 people through educational programmes. In addition, Moldovan universities produce 6,500 STEM graduates a year.
A comprehensive fiscal package has been adopted as per 2020 State Budget Amendment, following several targeted fiscal measures to support businesses and vulnerable households, such as expanding unemployment benefits and strengthening existing targeted social assistance, tax relief for sectors affected by state-imposed restrictions, delaying tax payment deadlines to mid-2020, and other controls.
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