KPMG, a global network of professional firms providing audit, tax and advisory services is launching the “Investment in Moldova” brochure. The guide addresses a range of practical aspects of business development in Moldova. According to a press release from the company, the authors paid special attention to Moldova’s tax system, both the existing one and the one to enter in force in 2008, when the tax rate on personal income will drop to zero. Furthermore, the publication presents a general description of the agreements on avoiding double taxation signed by Moldova. At the same time, the brochure addresses issues related to the domestic requirements for audit and bookkeeping. It explains, for instance, the way the public institutions will be subjected to compulsory audit starting 2008 and will have to adjust its bookkeeping operation to the International Financial Reporting Standards starting 2009. A general description of the labour law regulations includes the conditions which have to be fulfilled in order to hire and dismiss personnel, waging requirements, regulations for expatriated employees, the documents required as well as the conditions for obtaining a visa. “Investment in Moldova” is launched by KPMG on the occasion of 10 years of activity in Moldova. KPMG is one of the first companies in Moldova to offer a wide range of audit, tax and advisory services. Among the company’s clients are some of the largest banks and companies which operate on both the local and international markets. Moldova is an emerging market, with many challenges, but also many possibilities for the investors who are interested in taking advantage from valuable advisory services, says Stephen Spill, COO of KPMG Central and Eastern Europe. There is a rather high number of domains with imposing potential like the Moldovan wines, well-known around world, which can be sold much better abroad, Stephen Spill added. Director of KPMG in Moldova, Nicoleta Rusu, asserts that Moldova has a lot of development opportunities, especially now when the country is bordering the European Union and its products, once exported to Romania, will have free access, without customs restrictions, to the Single European Market. Nicoleta Rusu thinks that the demand for the company’s services will increase more and more and the quality of the Moldovan labour force will be a strong point, appreciated by companies which would be willing to invest here. KPMG operates in 148 countries and has more than 110,000 people working in member firms around the world. In Romania and Moldova, KPMG operates as one firm from its offices in Bucuresti, Timisoara and Chisinau.