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Benefits of a Secondary Moldovan Passport
In the Eastern part of Europe lies a small country, Moldova. Moldova is landlocked from all sides, sharing its borders with Ukraine and Romania. This country has a rich history back from the days of World War 1 when it was a part of Russia. Due to this the local traditions are greatly influenced by the Russian and Romanian culture. This small piece of hilly land that slopes down to Black Sea is rising up in popularity and attracting tourism and immigration. Moldova citizenship program Dubai will assist you in making the right decision towards a secured future for you and your family.
Given the country's comparatively tiny size, Moldova has a lot of benefits for its people, making it a great option if you want to secure your future. While your bank balance will be drained by other European nations, Moldova's lifetime citizenship comes at a very sensible cost. Moldova requires a minimum investment of 100,000 EUR ONLY for full citizenship of the applicant itself, or its family. A trouble-free application method, dual citizenship without any requirements of residence is a bumper deal. Moldovan passport enables you to enter 122 nations including Netherlands and Germany Visa Free. Dependents children, up to 29 years of age, and parents, over the age of 55 can easily be included in the application.
Moldovan citizens benefit from one of the region's most competitive tax systems. The nation offers its people with protection from double taxation in order not to exploit them. You will, however, be responsible to pay income taxes gained from local or foreign sources. The cost of living is low because the taxes are lower than the standard VAT rate of 20 percent. Moldova’s recent fiscal policy has set a minimum VAT rate of 8 percent and income tax rate on individuals and businesses at 12 percent. For further tax revenues, Moldovan citizens are charged property and wealth taxes at a minimal base rate of 0.8 percent. Wealth tax is levied on residential assets as well as on holiday accommodations under the circumstances that their value exceeds EUR 1.5 million.
The economic conditions, government attitude and policies in Moldova benefits the business setups. Doing Business is an economic index that rank countries based on how the business environment facilitates an entrepreneur. Moldova ranked 47th among 190 countries.
From an entrepreneur's point of view, Moldovan citizenship will be of great benefit. Free financial areas charging half of the domestic corporate income tax. VAT, excise duty and exemptions from income tax to promote business activities. Above all there is stability because government assures no changes in legislation for 10 years. In agriculture related business activities, land owners can change the location of lands with zero costs involved. Infrastructural developments are incentivized by allowing privatization of government lands.