Moldova Innovation Technology Park Releases Extensive IT Investment Guide Showcasing Tech Potential

Moldova is establishing itself as a burgeoning tech hub with the launch of the “IT Investment Guide for Moldova,” created by Emerging Europe. This guide provides comprehensive insights into Moldova’s thriving IT sector, highlighting strategic advantages, opportunities, and incentives for investors.

The Moldova Innovation Technology Park (MITP) is at the forefront of this transformation, driving the nation’s digital agenda and fostering a robust innovation ecosystem. Hosting over 21,190 IT professionals, MITP significantly contributes to Moldova’s GDP and IT exports.

Key Benefits of MITP:

• Single Tax Rate: MITP residents benefit from a 7% single tax rate, replacing all other taxes for companies and employees.
• No Corporate Income Tax: Resident companies are exempt from corporate income tax, local taxes, real estate, and road taxes.
• Work Permits: The IT Visa Programme offers four-year work permits for top managers and two-year permits for IT specialists and their families.
• Talent and Education: Moldova has a strong pool of IT graduates, supported by top universities and training programs.

Growth and Achievements:

Moldova’s IT sector has shown impressive growth and resilience. Between 2016 and 2022, the sector experienced a 37.1% annual revenue growth rate and a 40% annual increase in IT exports. The IT sector now plays a significant role in Moldova’s economy, with MITP accounting for about 80% of the sector and 5% of the nation’s exports.

The guide highlights success stories of international and local companies flourishing in Moldova’s business environment, including Amdaris, Endava, Bloomcoding, and Crunchyroll. These companies have utilized MITP’s benefits to expand and innovate in their respective fields.

Strategic Positioning:

Moldova’s alignment with the European Union’s Digital Transformation Strategy enhances its appeal to investors. The country’s commitment to digitalization is evident in its advanced public services and robust infrastructure. Moldova ranks highly in the IT Competitiveness Index, surpassing many regional peers in talent availability, business environment, and economic impact.

A Promising Future:

Moldova’s digital transformation strategy aims for 100% digitalization of public services, setting a high standard for tech-driven economic development. For investors and businesses exploring opportunities in Eastern Europe, Moldova offers a compelling proposition. The “IT Investment Guide for Moldova” showcases the country’s achievements and serves as a roadmap to its digital future.

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