Moldova Targets Foreign Entrepreneurs
This is a Moldova news story, published by BBC, that relates primarily to Moldova IT Park news.
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Moldovan governmentBBC
•Moldova cleans up it act to attract foreign businesses
77% Informative
Moldova is continuing efforts to attract overseas firms, as it tries to move past political uncertainty.
The country's standard corporation tax rate - the amount that firms have to pay on their profits - is just 12% .
Moldova IT Park ( MITP ) is a virtual scheme open to all IT firms in the country - and those that wish to move there from overseas.
The scheme is part of a wider effort by the government to modernise and expand its economy.
Moldovan IT sector workers still want to leave the country, but emigration is still high.
The biggest firms signed up to the MITP can offer IT specialists more than 100,000 a year.
The continuing war in neighbouring Ukraine is likely making some Western IT firms think twice about investing in Moldova .
VR Score
81
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