CEFTA GUAM Republic of Moldovaautomotivemoldova.com/publications/ICT_and_BPO_sector... · 2019. 2....
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GUAM CEFTA CIS EU Chisinau Bucharest Vienna London 1h 3h 2h 2h 1h Moscow Istambul Travel Time Location Population GDP per capita at PPP Corporate Income Tax (CIT) Average Labor Cost (Gross) Average Labor Cost in IT (Net) Internet Penetration Rate Fiber Optic Network Coverage Doing Business 2018 Rank IT virtual Park (registered), 2018 between EU and CIS 3.55 million 4,717 EUR 12% 300 EUR 950 EUR 79% 90% 44 0.2 1 (164 residents)1 The Moldovan Investment Promotion Agency is the prime source of information and assistance for potential investors. We provide tailored services for potential investors throughout the investment decision process. We also support existing investors in extending their operations. Our team consists of permanent investment attraction staff, sectorial consultants, as well as regional officers. Combining our experience, we are able to provide you with information relevant for your decision making, as well as links to businesses and government. Moldova is a small country with great potential. Find out more. Contact us at: www.invest.gov.md [email protected] Investment Agency, 2018 Republic of Moldova ICT&BPO Sector Edition 2018/2019 Republic of Moldova IT works in Moldova
Transcript of CEFTA GUAM Republic of Moldovaautomotivemoldova.com/publications/ICT_and_BPO_sector... · 2019. 2....
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GUAMCEFTA
CISEU
ChisinauBucharestViennaLondon
1h3h 2h 2h1h
MoscowIstambul
Travel Time
Location
Population
GDP per capita at PPP
Corporate Income Tax (CIT)
Average Labor Cost (Gross)
Average Labor Cost in IT (Net)
Internet Penetration Rate
Fiber Optic Network Coverage
Doing Business 2018 Rank
IT virtual Park (registered), 2018
between EU and CIS
3.55 million
4,717 EUR
12%
300 EUR
950 EUR
79%
90%
44 0.2
1 (164 residents)1
The Moldovan Investment Promotion Agency
is the prime source of information and
assistance for potential investors.
We provide tailored services
for potential investors
throughout the investment
decision process. We also
support existing investors in
extending their operations.
Our team consists of
permanent investment
attraction staff,
sectorial consultants,
as well as regional
officers. Combining
our experience, we
are able to provide
you with information
relevant for your
decision making, as well
as links to businesses
and government.
Moldova is a small countrywith great potential.
Find out more. Contact us at:www.invest.gov.md [email protected]
Investment Agency, 2018
Republic of Moldova
ICT&BPO SectorEdition 2018/2019
Republic of MoldovaIT works in Moldova
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Main reasons to choose Moldova
HTML5, Java, C#/.Net, PHP, JavaScript, C++, Python, PL/SQL, Ruby, WordPress, iOS/Android, SAP, Drupal, Unity3D, Full-Stack, Magento top the list of the most popular languages and technologies used by Moldovan software developers in their projects.
The growth in IT industry has been driven by Moldova’s advantages as a subcontracting destination for IT services, based on cost, location and skills.
There are over 10 spaces in Chisinau – hubs that bring together IT professionals, Startups and Freelancers. Tekwill, iHUB Chisinau, Dreamups, Generator HUB, BusinessLab, 404 Moldova, Armeneasca 13A, IT hub, IT4BA, ZIPhouse, Digital Park etc.
Excellent language skillsLanguages are a great advantage. Moldova’s popu-lation speaks Romanian, Russian, English, German,French and other European and internationallanguages.
Low operating costs and attractive incentivesThe general cost of doing business in Moldova is very favorable due to the low administrative, rent and utility expenses. The corporate income tax is as low as 12%, while incentives for the IT sector exempt most taxes on salaries above 600 EUR.
Moldova has adopted a new law on IT Parks. The law stipulates that companies which are engaged in IT activities are entitled to benefit from a special tax regime by formally registering in a virtual IT Park.
The special tax regime is a flat 7% tax on company annual turnover, replacing CIT (corporate income tax), PIT (personal income tax), social security and medical insurance taxes, local and real estate taxes.
Moldova IT Parks
7%
Skilled and cost effective workforce
Proportionally to the population, Moldova is also very competitive in terms of skilled ICT professionals. It isestimated that current workforce size of Moldova’s ICT Industry is 23,000. Well over 80% are technical specialists, including software engineers, business analysts, QAs and testers, developers, product and project managers. The average monthly salary is arround 950 EUR.
ICT sector Moldova – a dynamically growing sectorThe ICT industry has registered a rapid growth in the last years, with a volume of 420 million EUR. The export volume of IT services has improved significantly over that period reaching circa 80 million EUR.
Solid government support of the sectorGiven its significant contribution to GDP with 8%, the ICT sector represents one of the priority sectors of development for the Moldovan Government.
Strong university programs with specializations in IT and related sciences14 universities and 6 colleges offer studies in IT relatedservices. Yearly, 2,000 students graduate with a degree in computing and related fields. Another 8,500have math or engineering degrees.
10 Co-working Spaces
Programming languages and technologies
Largest IT companies in Moldova
Currently more than 9,000 IT professionals are working in more than 1,100 IT companies in Moldova.
Photo credit: MCP
