Moldova is the latest european citizenship by investment opportunity

Moldova passport

 

The Moldova Citizenship-by-Investment (MCBI) program is the latest European citizenship-by-investment opportunity. It provides access to 122 destinations, including the countries in Europe’s Schengen Area as well as Turkey and Russia. It is the first program of its kind to offer this unique combination of visa-free travel destinations.

 

Launched in the second half of 2018, the MCBI program was developed by the Government of the Republic of Moldova in partnership with its service provider Henley & Partners and the Moldovan Investment Company.

 

  • The MCBI program requires applicants to make a defined economic contribution to the country through the Public Sustainable Development Fund of Moldova (Public Investment Fund).  In exchange, and subject to a stringent vetting and due diligence process, including thorough background checks, applicants and their families are granted citizenship.
  • Moldova offers foreign companies and individuals an attractive climate in which to do business, as well as a host of facilities and a range of advantageous state programs. From the point of view of investment, one of the biggest and most exciting opportunities available within the country is, without doubt, the MCBI program.
  • The MCBI program provides successful applicants with an abundance of benefits, which include enhanced global mobility, expanded business opportunities, and greater lifestyle freedom.
  • The Republic of Moldova has a stable economy and a passport that offers diverse travel freedom. The country has established itself as a global leader in tech innovation.

Key benefits of Moldovan citizenship

 

  • Visa-free access to 122 destinations around the world, including Russia, Turkey, and the countries in Europe’s Schengen Area
    Citizenship in a country that has a continental climate, a world-class wine industry, and picturesque, varied terrain, including forests and rocky hills
  • A reasonable contribution amount and a highly efficient application process
  • Full citizenship, with passport rights, for the applicant and included family members
  • Easy inclusion of dependent children up to 29 years of age and parents (of either the main applicant or the spouse) from 55 years of age in the application
  • Citizenship transferable to future generations
  • Citizenship in a member state of the Organization for Security and Co-operation in Europe, the World Trade Organization, and many more
  • Citizenship in a state that has entered into an association agreement with the EU and is aiming to become a candidate country for EU membership

 

Citizenship by Investment

 

1. A minimum non-refundable contribution to the Public Investment Fund:

EUR 100,000 for a single applicant
EUR 115,000 for a couple
EUR 145,000 for a family of four
EUR 155,000 for family of five or more

 

2. Post-approval government service provider fees of EUR 35,000 per application.

 

3. In addition, applicants are required to pay government fees of EUR 5,000 for the main applicant, EUR 2,500 for a spouse, EUR 1,000 for a child aged 0 to 15 years, EUR 2,500 for a dependent child aged 16 to 29 years, and EUR 5,000 for a dependent parent — of the main applicant or of the spouse — who is 55 years of age or older.

 

4. Due diligence fees are EUR 6,000 for the main applicant and EUR 5,000 for a spouse, dependent children older than 16 years, and/or dependent parents.

 

5. Biometric passport fees amount to EUR 300 per individual.

 

About Moldova

 

Moldova, a country of about 3 million inhabitants, offers its citizens visa-free access to 122 destinations, including the countries in Europe’s Schengen Area as well as Turkey and Russia. It is the first program of its kind to offer this unique combination of visa-free travel destinations.

 

Strategically positioned, with easy access to Europe, the Middle East, and Asia, the Republic of Moldova is a modern European country with a picturesque, varied landscape and a world-renowned wine industry. The country has already spearheaded a number of global technological advances, and it aims to use the foreign direct investment generated by the MCBI program to power its progress across all sectors.

 

Moldova has one of the most competitive tax systems in the region and has 48 operational tax treaties in place, which safeguard against double taxation with other jurisdictions. Residents of Moldova who do not carry out entrepreneurial activity have to pay tax on income from sources located inside the country, as well as from sources located outside the country. Real estate and wealth taxes are charged for residents of Moldova. Wealth tax is charged on taxpayer’s wealth in the form of residential real estate, including holiday cottages (except for land plots), if a) the total estimated value is EUR 1.5 million or more and b) the total area is 120 m2 or more. The wealth tax rate is 0.8% of the taxable base. The standard VAT rate is 20%, while the reduced rate is 8%. The recent fiscal reform established a unique tax rate on the income of individuals and legal entities at the level of 12%.