The Republic of Moldova is located in South Eastern Europe, north of the Balkan Peninsula and shares common borders with the following countries: Romania and Ukraine. Moldova has a territory of 33,851 square kilometers. The capital city of Moldova is Chișinău, the largest city and the location of key government institutions. Moldova has a population of 2,6 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - Standard tax rate 12%, 4% under certain conditions
- Dividend withholding tax - 6%
- Interest withholding tax - 3/12%
- Royalties withholding tax - 12%
- Capital gains tax - Standard tax rate 12%
- VAT - Standard tax rate 20% or reduced rates from 0% up to 12% or tax exempt
- Personal income tax - 12%.
The following are the most common types of companies to incorporate a company in Moldova as:
- Limited liability company (Societate cu Răspundere Limitată - SRL)
- Public limited company (Societate pe Acțiuni - SA)
- General partnership (Societate în Nume Colectiv - JTD)
- Limited partnership (Societate în Comandită - SC)
- Cooperative company (Cooperative)
- Branch office (Filiala).
Official currency of Moldova is Moldovan leu (MDL).
The GDP of Moldova grew by 14% in 2021 and amounted to USD 13.6 billion. Tertiary sector makes up almost 55% of the GDP of the country, followed by industry sector at 23% and agriculture at 10%.
In terms of foreign trade, the largest sector contributing to the country's export are electrical machinery and equipment, insulated wire, sound recorders and reproducers, television image and sound recorders and reproducers, sunflower seeds, wheat, fruits, maize, seed oils.
Imports of Moldova consist of energy, petroleum oils, natural gas, cars and vehicles, transmission apparatus, electric conductors, consumer goods, cars, medicaments, food and beverages.
Primary trading partners of Moldova are Romania, Germany, Italy, Turkey, Poland, Czech Republic, Ukraine, Switzerland, China, France.