Free Economic Zone «BALTI»

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Particularities of free economic zones

The success of the free economic zones is to a greater extent based on the flexibility of project functioning than on the initial project itself. The free economic zones have proved their usefulness for the developing economies long ago.
Their scope was to contribute to the economic development by attracting capital investments due to preferential tax conditions.
The free access of goods to the country combined with a preferential tax regime for the profit obtained in the zone is a favorable precondition for stimulating investments.
The free economic zone represents the most sophisticated form of preferential customs regimes. The law provides for the importation of goods into the limited free economic zone on the national territory for their subsequent processing and sale on the third-party markets without the application of tariff and non-tariff customs limitations compared to the national territory, within the area reserved for the free customs zone.
The free economic zones of the Republic of Moldova provide various advantages. Obviously, these advantages are determined by the regions hosting the free economic zones. One must mention the advantages a free economic zone may provide to the exporters:

• use of qualified national workforce for performing various operations specific for the free economic zone activities;
• lease of rooms and land parcels at the much more attractive rates compared to the market;
• possibility to store the goods without any limitations as to the maximum or minimum amounts and without any custom duty liabilities;
• storage of goods at the storage facilities and sites;
• possibility to perform packaging, unpackaging, assembly, sorting, processing, etc.;
• manipulation of foreign goods (unloading, loading, transshipment);
• possibility to obtain higher income due to the difference between the transportation duties levied for the goods transported in bulk and re-exported from the zone after processing;
• possibility to organize permanent exhibition shops in the free economic zone for promoting the sales;
• possibility of collaboration, improvement, provision with equipment and common use, in order to recover the investments by the provision of zone management services.

Why invest in Moldova?

• Moldova has a legal framework aimed at the development of private companies;
• The Government assumes the responsibility for stimulating foreign investments and privatization;
• Low income tax rate;
• Qualified workforce with sufficient knowledge of foreign languages;
• Companies from 86 countries have already made successful investments in Moldova;
• Moldova is a country located at the border of European Union, benefitting Autonomous Trade Preferences and having free access to the EU markets for 12 000 products;
• Moldova is located on the intersection of trade routes connecting the West Europe and the Community of Independent States (CIS) with signed free exchange agreements.

Relationships with international organizations

The Republic of Moldova is member of the following organizations:
• World Trade Organization (WTO);
• Commonwealth of Independent States (CIS);
• Council of Europe (СЕ);
• European Bank for Reconstruction and Development (EBRD);
• International Monetary Fund (IMF);
• International Development Association (IDA);
• International Finance Corporation (IFC);
• International Bank for Reconstruction and Development (IBRR);
• Multilateral Investment Guarantee Agency (MIGA);
• Stability Pact for South Eastern Europe;
• Central European Free Trade Agreement (CEFTA);
• Central European Initiative

Activity costs in «BALTI» FEZ:

• Payment for participation in competition – 400 Euro
• Payment for registration as resident – 600 Euro
• Payment for the activity permit – 1000 Euro
• Zonal tax:
- on the net sales volume– up to 1 %
- on the volume of rendered services – up to 2 %
- on other incomes – up to 2 %.