The information technology sector is one of the fastest-growing sectors of the economy. The Republic of Moldova is interested in creating a favorable environment for research, development, and digital innovation. On January 1, 2018, the IT Park began operating in our country – a platform created by the government to increase the attractiveness of IT business for investors and developers.
The platform exists virtually, which allows residents to continue working in their offices anywhere in the country, as before.
One of the most important advantages of the IT Park is a simplified tax regime. IT companies registered in the IT Park do not need to pay profit tax, income tax, health insurance contributions, or social security contributions. Instead, they pay a single tax of 7% to the Ministry of Finance on a monthly basis.
This benefit will significantly reduce the tax burden on IT companies and allow them to focus on their core activities, such as increasing the competitiveness of their products, improving working conditions, etc. Companies that want to become residents of the IT Park must consider the following:
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