GIFP BUSINESS PARK

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.

Investor Questionnaire

Inexpensive, Multi-lingual Labor Force

Moldova has a population of 3.6 million (2016). Out of that totak, 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!!!).

Free Trade Regimes

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.

Investment Opportunities

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.

Manufacturing
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).

Logistics
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.

 

Tax Incentives & Favorable Customs Regime

The favorable tax and customs regime applicable to GIFP Business Park residents can be summarized as follows:

  • 75% reduction of corporate income tax during the first 10 years of operation (currently 3% instead of 12%) and a 50% reduction for the remaining period until 2030;
  • exemption from excise taxes and import VAT;
  • exemption from import and export duties;
  • exemption of import duties into the rest of Moldova for goods that originate from Giurgiulesti International Free Port;
  • exemption of foreign employees from social insurance contributions;

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.

Quality of GIFP Business Park Infrastructure

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.

Advisory Services

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.


latest news
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23.01.2020
PRIME MINISTER CHICU AND DELEGATION VISITED GIURGIULESTI INTERNATIONAL FREE PORT

On 23 January 2020 the Prime Minister of the Rep. of Moldova, Ion Chicu, together with a delegation of government representatives visited Giurgiulesti International Free Port. General Director Mathias von Tucher and Deputy General Director Ala Aydov presented the positive development of port activities and the increase of annual transshipment volumes up to almost 1.1m tons of cargo last year.

 

The management had the opportunity to discuss with the Prime Minister in-depth the challenges of further development of the port and to explain the future expansion plans which include the construction of a new multi-purpose dry and general cargo berth that allows for calling of vessels with the maximum draft permissible on the Danube river. During the site tour the Prime Minister also discussed with representatives of Danube Oil Company and ProGrain Organic, both of them being residents of the Giurgiulesti International Free Port area.

 

Danube Logistics SRL is a wholly owned subsidiary of the Dutch company Danube Logistics Holding BV, while the economic interests associated with Danube Logistics Holding BV’s shareholding in Danube Logistics SRL are shared with the European Bank for Reconstruction and Development.

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15.01.2020
New Record in Cargo Transshipments via Giurgiulesti International Free Port

Cargo transshipments via Giurgiulesti International Free Port (GIFP) increased by 3% to a new record of almost 1.1m tons in 2019. During the course of 2019 export cargo volumes including grain, oil seeds, peas, vegetable oil, molasses, wine, spirits and various other cargos increased by 14% and where delivered to 44 different countries. In addition GIFP facilitated the import of mineral oil products, coal, pet-coke, construction material, fertilizer, soda, steel pipes, fiberglass, ceramic goods and various other cargos from 27 countries last year.

 

Mathias von Tucher, the general director of Danube Logistics SRL, the operator of GIFP stated: “In 2019 GIFP managed to increase transshipments of dry bulk cargo by 9%, general cargo by 24% and of sea containers by 26%. This positive development validates our investment program that is going to double the port’s dry cargo transshipment capacity. Furthermore we are pleased about the fact that we managed to sub-lease an additional 40,000 m2 of land in GIFP’s business park to Moldovan companies for the construction of warehousing, packaging and processing facilities. Over the coming three years the residents of GIFP are planning to invest more than $35m and create about 130 additional jobs.”

 

Danube Logistics SRL is a wholly owned subsidiary of the Dutch company Danube Logistics Holding BV, while the economic interests associated with Danube Logistics Holding BV’s shareholding in Danube Logistics SRL are shared with the European Bank for Reconstruction and Development.

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11.01.2020
Transshipment of Pipes for Gas Pipeline Ungheni-Chișinău

Danube Logistics Srl provided transshipment and storage services for the Romanian branch of the internationally renowned logistics company Steder Group BV, service provider for Ungheni-Chișinău gas pipeline project. Coated gas steel pipes in various dimensions from the manufacturer Erciyas were shipped on two vessels from Turkey to Giurgiulești International Free Port.

 

In order to ensure professional, secure and efficient manipulation of this specific cargo, Danube Logistics operational department consulted with experts, visited pipe operations at other ports, elaborated handling instructions and procured specialized equipment. In total more than 2,700 pipes were unloaded and temporary stored in Giurgiulești until the pipes were delivered to two yards close to Chișinău. The final deliveries will be completed within the next two weeks. Receiver of the pipes is Transgaz, the constructor of the gas pipeline between Ungheni and Chișinău, which represents an extension of the interconnection project Iași-Ungheni.

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12.11.2019
Presenting Opportunities for Gagauzian Companies at the Invest Gagauzia 2019 Forum

On 9 November 2019 Danube Logistics Srl was invited at Invest Gagauzia 2019, the V — International Investment Forum of Gagauzia. General Director Dr. Mathias von Tucher presented the activities and future plans of the Giurgiulesti International Free Port and highlighted the opportunities for both Gagauzia and the port. Mathias von Tucher was honored having the opportunity to discuss the development potentials with Bashkan Irina Vlah personally.

 

Already today there are many companies from Gagauzia using the Giurgiulesti International Free Port as gateway to international markets. To the main Gagauzian clients belong exporters of grain and exporters of wine as well as importers of raw materials for the manufacture of various products such as fiberglass and tiles and importers of finished products such as tires.

 

The M3 road connection between Gagauzia and the port is currently under rehabilitation and certain sections will be built completely newly. After planned finalization in 2020/2021 the new road will shorten the distance and enhance the transport conditions resulting in increased transport volumes.

 

Mathias von Tucher informed the participants about the planned expansion of the general cargo terminal. Companies that are interested to transship their cargo via the expanded terminal can request additional information from Danube Logistics SRL’s office in Chisinau.

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