Moldova is world’s 5th country with lowest exposure to global financial crisis

Choosing Moldova for a nearshore location in Eastern Europe

  • Educated and skilled workforce, excellent technical skills and familiarity with industry best practices: SCRUM, PRINCE2 and ITIL
  • Proficiency in languages (Moldovan, Russian, English and often German and French)
  • One of the lowest cost nearshoring location in Central and Eastern Europe (cost advantage over Ukraine and Belarus)
  • The Technical University of Moldova and The State University of Moldova prepare 2000 IT graduates every year
  • Legislation with EU norms
  • Tax and customs framework similar to that of EU
  • European culture and business similarity

Even more reasons why companies should consider doing business in Moldova

  • Geographical proximity with European countries, bordered by the EU (Romania) to the West and  CIS (Ukraine) to the East
  • The Chisinau airport provide connections with most major European cities within 3 hours flight
  • Time Zone GMT+2
  • EU Schengen visa which allows a stay for up to 90 days in any 180-day period in the EU Schengen area
  • Member of the United Nations, Council of Europe, the OSCE, the World Trade Organization, the International Monetary Fund and the World Bank
  • The only country with autonomous trade agreements with the EU and free trade agreements with the CIS
  • Ranked as the 5th country in world with lowest exposure to the current financial crisis (The Banker)
  • Ranked 78th  out of 189 economies for ease of doing business (World Bank’s Doing Business 2014 Report)
  • Attractive corporate income tax of 12%
  • Income tax of 7 to 18% with exemptions for foreign personnel
  • VAT at 20% and VAT reimbursement on export activities