Why start an IT company in the Republic of Moldova?

Why start an IT company in the Republic of Moldova?

In recent years, the Republic of Moldova has become an increasingly attractive destination for foreign entrepreneurs, especially those in the IT field. The main reason is the possibility of registering IT companies within the IT Park, benefiting from such special tax facilities. What are these benefits? Simple! IT Park residents are not subject to general taxes, paying only a 7% tax on income. Therefore, foreign entrepreneurs, especially from countries such as the USA, Romania, Italy and others, are increasingly turning their attention to the idea of ​​establishing IT companies in the Republic of Moldova.

How to register an IT company in the Republic of Moldova?

1. Choosing the legal form The first step is choosing the right legal form for your future business, and for the IT field, LLC (Limited Liability Company) is the most appropriate.

2. Registering the LLC After selecting the legal form, you must go to the Public Services Agency (ASP) of the Republic of Moldova. You can do this online, scheduling an appointment for registration.

3. Choosing the company name and economic activities The process of choosing the name does not have to be complicated. You also need to determine the economic activities that your company will carry out, which can be identified in the Classifier of Economic Activities of Moldova, specifically in division 62 - Information technology service activities.

4. Appointment of the company administrator The company administrator is the person who will manage and represent the company. This person can be a citizen of the Republic of Moldova or a foreigner, with no criminal record.

5. Establishing the legal address The choice of legal address is crucial and will be included in the company's incorporation documents.

6. Share capital The share capital of an LLC is made up of the contributions of the associates and represents the minimum value of assets required for establishment.

To register an IT company in the Republic of Moldova, you will need the founders' identity documents, the registration application, the company's founding decision and articles of incorporation, proof of payment of the registration fee, and information about the beneficial owner according to the laws on the prevention of money laundering and terrorist financing.

1. Opening bank accounts. Your business will need bank accounts to operate, and this process is usually simple and takes about 3 business days.

2. Joining Moldova IT Park. After registering the company, the procedure for joining Moldova IT Park follows, in order to benefit from the preferential tax regime and other advantages. This process involves filling out a form and submitting the appropriate documentation.

It is worth noting that, in addition to tax benefits, IT Park residents can use the "IT Visa" program, which simplifies the immigration procedure for foreign IT specialists, thus facilitating their employment.

In conclusion, the Republic of Moldova offers attractive opportunities for setting up IT companies, and the registration process is relatively simple and fast. The main attraction lies in the tax facilities and other advantages offered to IT Park residents, making the Republic of Moldova an attractive destination for IT investors.