Repatriation of profits

Foreign investors may transfer abroad foreign currency received from their investment, including:

• Profits, dividends, interest, and other current income
• Royalties
• Amounts received from litigation
• Compensation of damage
• Amounts received upon liquidation of companies or sale or expropriation of investment or objects of investment.

Foreign citizens may transfer abroad their wages and other employment income in foreign currency.

Investment guarantees Read more …

General Remarks

The Moldovan tax system is an aggregate of taxes, duties and levies, principles, forms and methods of their establishment, modification and abolition as well as measures to ensure their payment.

A tax (duty) is a mandatory payment, which is gratuitous in nature and is not related to undertaking by an empowered authority or its official(s) of specific action(s) in favour of or with respect to the payer of a respective tax (duty). A fee is a mandatory payment, which is gratuitous in nature and is not a tax (duty).

The Moldovan tax legislation comprises the Tax Code and other regulations passed on the basis of its provisions. The taxation in the country is exercised on the basis of the Tax Code and other officially published effective tax regulations. The tax-related regulations passed by the Government, Finance Ministry, Principal State Tax Service, Customs Department, other central and local public authorities may not contradict the Tax Code or exceed its limits. In case of any contradictions, the provisions of the Tax Code prevail.

Taxes Levied Read more …

Residential property prices in Moldova’s capital, Chisinau, are rising, on the basis of Moldova’s economic growth.

Residential real estate prices have risen annually by 30 to 40% over the past five years, according to Lara Real Estate Agency. In 2007, apartment prices in Chisinau rose 12% to 14% in US dollar terms, and 4% in terms of Euro.

As the country turns to the west, more properties are being quoted in euros instead of US dollars which is the norm in Russia. Moldova aspires to join the European Union (EU), following the government’s 2005 decision.

The past few years have seen a house price explosion, which was due to increased demand from foreign investors and higher remittances from Gastarbeiters (foreign workers in Germany) combined with lack of supply.

Chisinau is the country’s political, economic, and cultural capital. It is the only city in Moldova with reasonable living conditions for expatriates. Many houses are built specially for rental. The city’s prime residential area is in its western section: Buiucani, the City Centre, and Botanica.

There are no restrictions on foreigners buying properties in Moldova, except for agricultural land.

http://www.globalpropertyguide.com/Europe/Moldova

http://www.seenews.com/markets/stockexchanges/moldse/

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