State to return up to 50 per cent of investments by enterprises of Free Economic Zones

Chisinau, 24 December /MOLDPRES/ - The state will return up to 50 per cent of the value of investments made by the enterprises working in the Free Economic Zones (FEZ). The government on 23 December approved a decision to this effect and the budget estimated for the providing of the support is of 2 billion lei for the next 10 years.  

„Today, we launch this transitory mechanism for the present investments in the Free Economic Zones, valid for the next ten years, in order to provide them with predictable conditions, so as to protect and support the work of the companies which have already made investments in modern last generation equipment, technologies,’’ said Deputy Prime Minister, Economic Development and Digitalization Minister Dumitru Alaiba.    

The goal of the assistance mechanism is to cut the costs of the companies which have already made significant investments in assets, modern equipment, last generation equipment or technologies. Thus, the development of businesses and the creation of jobs in strategic regions of the country are backed through the attraction of more investors and the support of those present.  

Through this mechanism, the state will return up to 50 per cent of the value of investments made, in form of exemptions or cuts at the payment of income tax.

To benefit from support, the enterprises which made investments in the free economic zones till 1 July 2024 must submit a request to the Economic Development and Digitalization Ministry. Subsequently, decision-makers will analyze the request and will inform the administrations of FEZ about the companies’ eligibility and the administrations of FEZ will directly cooperate with the companies for the enforcement of financial support measures.     

According to statistics data, in late last year, six free economic zones worked in Moldova, with an overall number of 258 residents and about 16,000 employees.