As many as 245 Moldovan and foreign companies have become residents of the Moldova IT Part since it opened on January 1. This is more than half of the IT industry present in our country. In July alone, the Park added 24 new residents, and overall sales amounted to 1.7 billion lei, the Government said in a press release.

The key advantages of being a resident of an IT park is a flat tax of 7% on sales revenue and easier bureaucratic procedures. In particular, the reporting procedure has been simplified and interaction with state agencies has been minimized. Also, a company is not even required to actually reside in the park, but can continue operating from its own premises after registration.

The press release recalls that Moldova’s first IT park was opened this year on the initiative of Prime Minister Pavel Filip. The park has been founded for a period of at least 10 years, during which time it is expected to attract 400 IT companies, which will create new jobs and attract domestic and foreign investment.