Doing business in Moldova
The ultimate goal of the Moldovan government is to establish friendly diplomatic and economic relations with the European Union (EU) and move the country towards EU integration and EU ascension. Between the years 2003 and 2014 Moldova has experienced above-average economic growth, contributing to rapid development and increase of produced and exported goods. Back in 2009 Moldovan government had passed several bills, establishing trade connections with the EU and European markets, granting Moldovan production access to one of the world’s biggest markets.
Moldova and EU have signed the Association Agreement and Comprehensive Free Trade Agreement back in summer 2014, granting Moldova even more potential in European Market. After long negotiations with the EU, Moldova and EU reached a consensus, which granted Moldovan nationals a visa-free travel regime in the EU, which is often considered one of the biggest accomplishments of Moldovan diplomats since the restoration of independence. Despite all that, there still are several big factors posing threat to the modern economy and the EU ascension of the country: Russian separatists in the Transnistria area, high natural gas prices, as well as political uncertainty.
Form a business
We can offer you company incorporation services in Moldova. Our lawyers will help you draft all documents required for company incorporation in a local commercial register as well as set everything up, including bank account and required licenses. Moldovan company has a number of advantages, allowing operating on the European market, while offering advantageous corporate taxation.
Registering a company in Moldova may be advantageous for those looking for a country having close ties with the European Union, while having advantageous business taxation for resident companies in the same time. As a bonus, Moldova is not on any offshore “black-list”.
Setup Business
Moldova Legal will be pleased to discuss your Moldovian company incorporation matters in greater detail. Moldova Legal can assist you with a full range of services including company registration Moldova, Bank Account, VAT Registration, Virtual Office, and Accountancy Services.
Business overview in Moldova
In January 1992 Moldovan government have officially adopted a free market economy, which caused serious inflation during next few months. A year later, in 1993, independent national currency, Moldovan Leu, had been introduced. Leu has replaced Soviet Ruble contributing to slowly stabilizing Moldovan economy. Since year 2001 Moldova experiences slow, but constant annual growth of economy, estimating from 5% to 10% annually.
Today Moldovan economy is stable and experiences no potential threats, despite recently increased costs of imported natural gas and the fact that Russia has imposed ban on importing Moldovan wine, which is one of the biggest export products for the country. Moldovan government rapidly develops and attracts foreign investments by creating attractive Citizenship for Investment Programs and business environment for foreign businesses.