MOLDOVA

 

COUNTRY

MOLDOVA

REGION

Eastern Europe

POPULATION

The current population of the Republic of Moldova is 4,021,708 as of Saturday, October 2021.

GENERAL INTRODUCTION

Moldova is a landlocked country in Eastern Europe, located between Romania and Ukraine. The government system is a republic; the chief of state is the president, and the head of government is the prime minister. Moldova has a mixed economic system that includes a variety of private freedom, combined with centralized economic planning and government regulation. Moldova is a member of the Central European Free Trade Agreement (CEFTA).

WIFI SPEED

Broadband average connection speed (Mbit/s)- 114.01

ELECTRICAL OUTLET

For Moldova there are two associated plug types, types C and F. Moldova operates on a 230V supply voltage and 50Hz.

PER CAPITA GDP

$12,300 note: data are in 2017 dollars (2020 est.)
$13,000 note: data are in 2017 dollars (2019 est.)
$12,400 note: data are in 2017 dollars (2018 est.)

note: data are in 2010 dollars

CLIMATE

moderate winters, warm summers

CITIZENSHIP- BY- INVESTMENT

MOLDOVA CITIZENSHIP BY INVESTMENT

The Moldova Citizenship-by-Investment (MCBI) program is the latest European citizenship-by-investment opportunity. It provides access to 122 destinations, including the countries in Europe’s Schengen Area as well as Turkey and Russia. It is the first program of its kind to offer this unique combination of visa-free travel destinations. To qualify for citizenship by investment in Moldova and investments have to maintained for 60 months.

INVESTMENT

  • A minimum non-refundable contribution to the Public Investment Fund- EUR 100,000 for a single applicant

REQUIREMENTS

  • To qualify for citizenship, the main applicant must be over 18 years of age, meet the application requirements, and make the primary qualifying contribution.

A minimum non-refundable contribution to the Public Investment Fund:

  • EUR 100,000 for a single applicant
  • EUR 115,000 for a couple
  • EUR 145,000 for a family of four
  • EUR 155,000 for family of five or more
  • Post-approval government service provider fees of EUR 35,000 per application.

In addition, applicants are required to pay government fees of EUR 5,000 for the main applicant, EUR 2,500 for a spouse, EUR 1,000 for a child aged 0 to 15 years, EUR 2,500 for a dependent child aged 16 to 29 years, and EUR 5,000 for a dependent parent — of the main applicant or of the spouse — who is 55 years of age or older.

KEY BENEFITS

  • Visa-free Schengen.
  • Citizenship for the whole family.
  • Tax benefits

PROCESSING TIME

  • The processing time is 3 months.

NATURAL RESOURCES

lignite, phosphorites, gypsum, limestone, arable land

ETHNIC GROUPS

Moldovan 75.1%, Romanian 7%, Ukrainian 6.6%, Gagauz 4.6%, Russian 4.1%, Bulgarian 1.9%, other 0.8% (2014 est.)

LANGUAGES

Moldovan/Romanian 80.2% (official) (56.7% identify their mother tongue as Moldovan, which is virtually the same as Romanian; 23.5% identify Romanian as their mother tongue), Russian 9.7%, Gagauz 4.2% (a Turkish language), Ukrainian 3.9%, Bulgarian 1.5%, Romani 0.3%, other 0.2% (2014 est.); note - data represent mother tongue

RELIGIONS

Orthodox 90.1%, other Christian 2.6%, other 0.1%, agnostic <.1%, atheist 0.2%, unspecified 6.9% (2014 est.)

MEDIAN AGE

total: 37.7 years
male: 36.2 years
female: 29.5 years (2020 est.)

URBANIZATION

urban population: 43% of total population (2021)
rate of urbanization: 0.09% annual rate of change (2020-25 est.)
total population growth rate v. urban population growth rate, 2000-2030

PHYSICIAN DENSITY

3.21 physicians/1,000 population (2015)

GOVERNMENT TYPE

Parliamentary republic

UNEMPLOYMENT RATE

4.99 (2019 est.)
3.16 (2018 est.)

TAXES

Personal Income Tax Rate (highest marginal tax rate)

The income tax in Moldova is determined by applying a flat income tax rate of 12 percent.

Corporate Income Tax Rate (excluding dividend taxes)

The CIT rate is 12%. If the Moldovan Tax Authority (MTA), applying indirect methods, re-assesses the income amount compared to the declared gross income, a 15% CIT rate may be applied to the excess amount.

Special Tax Regimes

Individual - Other tax credits and incentives

Starting 1 January 2017, a special tax regime for companies that are residents of IT parks has been introduced. The regime provides a single tax rate for IT park residents, which also covers PIT, social security contributions, and health insurance contributions.

Foreign tax relief

Individuals are allowed to credit their foreign income tax paid against their Moldovan tax liabilities (an official confirmation issued by the relevant foreign tax authority is required), but only within the limits of the tax rate that would be applicable in Moldova on tax due for the year concerned.

Moldova has committed to implement the international Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) by 2023. Moldova has become the 119th  member of the Global Forum to commit to start AEOI.

The Global Forum will monitor the country’s progress in delivering their commitment to start exchanging automatically by September 2023 and updates will be provided to its members and the G20.

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