MOLDOVA YOUR NEXT DESTINATION FOR INVESMENT ANATOLIE ZLOTEA 12-13 MARCH 2019, FRANKFURT # G R O W I N M O L D O V A
T H E R E P U B L I C O F M O L D O V A – O P E N E C O N O M Y T H E N E W E S T E M E R G I N G I N V E S T M E N T D E S T I N A T I O N Y O U R B R I D G E T O W E S T A N D E A S T European Union – Moldova Association Agreement /(DCFTA) - 2014 Free Trade Agreement with Turkey (2017) Member of the Community of Independent States (CIS) (2012) Member of the World Trade Organization (WTO) - 2001 Member of CEFTA - 2007 Launched negotiations with China and Egypt # G R O W I N M O L D O V A
Ease of travel & Visa requirements No visa is needed from USA, EU and CIS citizens traveling to Moldova. Chisinau International Flights per day Flights per week Airport Winter time 25 175 Summer time 50 350
Moldova International Ratings
M O L D O V A N T R A D E S T R U C T U R E – E X P O R T S 2 0 1 8 ( 9 M O N T H S ) Total volume of Moldovan exports TURKEY 1960 mln. USD ROMANIA 104 mln. USD 600,6 mln. USD +18,7% (4.29%) (24,7%) RUSSIA POLAND 254,5 mln. USD 102,9 mln. USD (10,49%) (4,24%) ITALY 236 mln. USD BULGARIA (9,73%) 78,1 mln. USD European Union Commonwealth (3,22%) of Independent States UK 1363,9 mln. USD 306,9 mln. USD GERMANY 136,1 mln. USD (5,61%) 166,1 mln. USD (69,6%) (15,7%) UKRAINE (6.85 %) 65,5 mln. USD (2.70%) +27,9 -8,8% BELARUS 110 mln. USD (4,53%) # G R O W I N M O L D O V A Source: National Bureau of Statistics
M O L D O V A N T R A D E S T R U C T U R E – I M P O R T S 2 0 1 8 ( 9 M O N T H S ) Total volume of Moldovan imports ROMANIA TURKEY 4181,5 mln. USD 694.5 mln. USD (14.37%) 304.3 mln. USD 21,6% (6.29%) RUSSIA 571.7 mln. USD (11.83%) POLAND 165.7 mln. USD (3.42%) UKRAINE 511 mln. USD (10.57%) BELARUS European Union Commonwealth 114.5 mln. USD of Independent States (2.37%) CHINA GERMANY 505.3 mln. USD (10.46%) 2108,1 mln. USD 1013,8 mln. USD 390.6 mln. USD (8.08%) (50,4%) (24,2%) FRANCE 112.6 mln. USD (2.33%) ITALY 331.2 mln. USD (6.85%) # G R O W I N M O L D O V A Source: National Bureau of Statistics
I N V E S T M E N T F R I E N D L Y E N V I R O N M E N T JOB SUBSIDY REGULATION Purpose: to stimulate businesses for job creation Beneficiary - any legal entity practicing entrepreneurial activity in the Republic of Moldova. The amount of the subsidy for a job created - 2 000 EUR for 2018. MOLDOVAN CITIZENSHIP THROUGH INVESTMENTS The minimum amount of the contribution to the Public Investment Fund for Sustainable Development is the equivalent of 100,000 euros The minimum investment value in at least one of the strategic development areas of the Republic of Moldova is the equivalent of # G R O W I N M O L D O V A 250,000 euros.
I N V E S T M E N T F R I E N D L Y F I S C A L S Y S T E M Social Insurance Contributions Corporate Income Tax Value Added Tax 10% for the HORECA Industry MOLDOVA MOLDOVA 12% ROMANIA 18% 19% ROMANIA UKRAINE MOLDOVA 16% 22% 20% UKRAINE ITALY RUSSIA 18% 30% 20% RUSSIA ROMANIA UKRAINE 20% 20% 27.75% SLOVAKIA RUSSIA SLOVAKIA 22% 30% 20% ITALY SLOVAKIA ITALY 27,9% 35.2% 22% # G R O W I N M O L D O V A
F O R E I G N D I R E C T I N V E S T M E N T S – O V E R V I E W 2 0 1 8 OPERATIONAL COSTS Average hourly labor costs, 2018 Evolution of average gross salary in the economy 298 € 275 € Slovakia 10.0 € 235 € 225 € 224 € 223 € 220 € Croatia 9.6 € 195 € Poland 8.6 € Hungary 7.5 € Romania 5.0 € Bulgaria 4.1 € Moldova 1.8 € 2011 2012 2013 2014 2015 2016 2017 2018 # G R O W I N M O L D O V A Source: National Bank of Moldova Source: National Bureau of Statistics Moldova
F R E E E C O N O M I C Z O N E Free Economic Zones video: https://www.youtube.com/watch?v=9NQmk_4i1K4&feature=youtu.be
G I U R G I U L E S T I L O G I S T I C H U B ✓ The only direct sea/river-borne transshipment and distribution point to and from the Republic of Moldova ✓ Regional logistics hub on the border of the EU with access to road, rail, river, sea Incentives • 3 % corporate income tax • Exemption from excise taxes and import VAT • Exemption from import and export duties • Exemption of import duties into the rest of Moldova for goods that originate from Giurgiulesti International Free Port • Exemption of foreign employees from social insurance contributions # G R O W I N M O L D O V A
I N F O R M A T I O N A N D C O M M U N I C A T I O N S T E C H N O L O G Y S E C T O R Information Technology; Engineering ( R&D and Electronics) & Creative industry Eligible activities in the Information Technology Parks Unique Tax Charged by residents customized software development activities customer-oriented software) of IT Parks 7% of the sales income* computer game editing activities editing of other software products management activities (management and operation) of computing means data processing, web pages management and related activities web portal activities iinformation technology consultancy activities other information technology service activities # G R O W I N M O L D O V A
A U T O M O T I V E A N D M A C H I N E B U I L D I N G S E C T O R Cable Assemblies and Wiring Harnesses Carpets/ Rugs Electronic Components and Systems Success Stories Foams/ Felts Draexlmaier Automotive (wiring harnesses) 4 th plant opened ▪ Rubber Components in 2018 Gebauer & Griller (cables) – 2 nd plant in 2017 ▪ Injection/ Molded parts Fujikura Automotive (wiring harnesses) – 2 nd plant opened in ▪ Fastening systems (seatbelts) 2018 # G R O W I N M O L D O V A Car seat covers, trim
S U C C E S S T O R I E S O F F O R E I G N I N V E S T O R S The Council for the Promotion of Strategic Projects of National Interest, chaired by the Prime Minister, was created in 2016 Financial Services Sector Information and Communications Technology Sector Industrial Production Sector # G R O W I N M O L D O V A
G R O W I N M O L D O V A A P R O M I S E A N D A N I N V I T A T I O N
TIME TO INVEST 134, BD STEFAN CEL MARE SI SFANT, MD-2012 CHISINAU, REPUBLICA MOLDOVA WWW.INVEST.GOV.MD PHONE: +373 22 273654 EMAIL:OFFICE@INVEST.GOV.MD # G R O W I N M O L D O V A
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