The Business Park of Giurgiulesti International Free Port provides investors an excellent location on the border with the European Union, in a low cost environment, with tri-modal transport infrastructure and a unique tax and customs framework.
Investors can set up their businesses within the business park by leasing land, offices, warehouses or open storage facilities. In addition, Danube Logistics SRL offers potential investors associated services ranging from logistics to various support and administrative services.
Moldova has a population of 3.6 million (2016). Out of that total, 70% of the population is multi-lingual, and 80% attain secondary education. The average monthly wage is about USD 370/EUR 300.
Proximity to EU, CIS and Turkish Markets
From Moldova exporters can easily reach EU single market with 508 million consumers, the CIS + Ukraine market with 282 million consumers as well as the Turkish market with 80 million consumers.
Fast Growing Emerging Market
In 2017 the Republic of Moldova achieved an economic growth of 4.5%, agricultural production increased by 8.6% and industrial production increased by 4.2% (change 12 months!!!).
Since 2001 the Republic of Moldova is a full-right member of the WTO. In addition Moldova has signed Free Trade Agreements with 43 countries: EU-28 member states (DCFTA), CIS member-states, Members of Central European Free Trade Agreement and Turkey. Furthermore Moldova benefits from preferential trade agreements with Norway, Canada, Switzerland, Japan and USA.
There are numerous investment opportunities in the agriculture, manufacturing and logistics sectors.
Agriculture and Food Processing
Moldova possesses over 2.5 million hectares of highly fertile agricultural land and sufficient water resources. This, together with the favorable climatic conditions and the predominantly well-educated and inexpensive work force, as well as the free trade regimes, form favorable conditions for investments.
The combination of well-educated, inexpensive workforce and free trade agreements calls for lucrative investments in labor intensive industries (i.e. automotive suppliers, textile industry etc).
Moldova serves as an: ideal location for storage and distribution of goods to Central, Eastern European, CIS and Turkish markets; good connection by road, sea, river, narrow-gauge rail and broad-gauge rail network, as well as air.
The favorable tax and customs regime applicable to GIFP Business Park residents can be summarized as follows:
Unlike in Moldovan free economic zones, where activities are typically limited to certain types of activities, the residents of GIFP Business Park have the right to undertake any activity that is ordinarily allowed in Moldova. Investors may also be 100% foreign owned, freely repatriate their profits and are not subject to revenue based administration fees or minimum investment obligations.
GIFP Business Park is a green field development with newly constructed utility and road infrastructure. All land plots leased by residents benefit from road electricity, water, gas and fibre-optic telecommunication connections.
Low Operating Expenses
With an official average wage of only 370USD/300 EUR per month, Moldova’s multi-lingual labor force remains the most competitive labor force in Europe. Against this background Moldova has developed as a favorable location for companies active in labor intensive manufacturing, e.g. textile companies, automotive suppliers and call centers.
Apart from favorable payroll expenses, GIFP Business Park residents also benefit from relatively inexpensive utility charges:
Electricity — 1,40 MDL (0.11 $) per kWh for 6-10 kV; 1.38 MDL (0.12 $) per kWh for 0.4 kV
Gas — 4,8950 MDL (0.34 $) per m³ low pressure
Available Human Resources
GIFP Business Park close proximity to Romania (Galati 17km) and Ukraine (Reni 8km) attracts work force not only from Moldova but also from Romania and Ukraine.
Moldova (up to 60 km) – 100,000 population
Galati (Romania – 17 km) – 330,000 population
Reni region, Ukraine (8 km) – 41,000 population
Lease of Land
There is a selection of land available for long-term leases connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.
Lease of Warehouse, Open Storage and Production Facilities
A selection of types of warehouses, open storage halls or production facilities that are offered for short or long — term lease within GIFP Business Park. All areas are connected to basic necessary infrastructure such as electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.
Lease of Offices
There are small and large office spaces available for short-to long-term leases within GIFP Business Park. All offices are connected to electricity, gas, water, telecommunications, road infrastructure as well as in close proximity to rail and port infrastructure.
Upon request the management of GIFP Business Park will provide residents and potential residents with advisory services on issues ranging from the incorporation of a company in Moldova, permitting and other legal matters, project management, construction permitting/management, procurement issues as well as recruitment of human resources.