cefta guam republic of moldovaautomotivemoldova.com/publications/automotive.pdf · cefta guam cis...

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GUAM CEFTA CIS EU Population GDP per capita at PPP, 2016 Economic growth per annum, 2017 Inflation, 2017 Doing Business 2017 Rank Free Economic Zones Free Port Free Airport Corporate Income Tax (CIT) Average wage (gross), 2018 Full load labor cost, 2018 Employment rate, 2017 3.55 million 4,717 EUR 4.5% 6.5% 44 0.2 7 1 1 12%, 0%, 6% in Free Economic Zone, 3% in Free Port 298 EUR / month 2.10 EUR / hour ca. 40.5% The Moldovan Investment Promotion Agency is the prime source of information and assistance for potential investors. We provide tailored services for potential investors throughout the investment decision process. We also support existing investors in extending their operations. Our team consists of permanent investment attraction staff, sectorial consultants, as well as regional officers. Combining our experience, we are able to provide you with information relevant for your decision making, as well as links to businesses and government. Automotive Edition 2018/2019 Republic of Moldova Your Next Destination Chișinău Mlada Boleslav Munich 1,500 km 1,600 km 1,800 km Nijniy Novgorod Kaluga Pitesti Craiova Distance Proximity 675 km 500 km 1,150 km Republic of Moldova Moldova is a small country with great potential. Find out more. Contact us at: www.invest.gov.md [email protected] Investment Agency, 2018

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Page 1: CEFTA GUAM Republic of Moldovaautomotivemoldova.com/publications/Automotive.pdf · CEFTA GUAM CIS EU Population GDP per capita at PPP, 2016 Economic growth per annum, 2017 Inflation,

GUAMCEFTA

CISEU

Population

GDP per capita at PPP, 2016

Economic growth per annum, 2017

Inflation, 2017

Doing Business 2017 Rank

Free Economic Zones

Free Port

Free Airport

Corporate Income Tax (CIT)

Average wage (gross), 2018

Full load labor cost, 2018

Employment rate, 2017

3.55 million

4,717 EUR

4.5%

6.5%

44 0.2

7

1

1

12%,

0%, 6% in Free Economic Zone, 3% in Free Port

298 EUR / month

2.10 EUR / hour

ca. 40.5%

The Moldovan Investment Promotion

Agency is the prime source of information

and assistance for potential investors.

We provide tailored services for potential

investors throughout the investment

decision process. We also support

existing investors in extending their

operations.

Our team consists of

permanent investment

attraction staff, sectorial

consultants, as well as

regional officers.

Combining our

experience, we

are able to

provide you

with information

relevant for your

decision making, as

well as links to

businesses and

government.

AutomotiveEdition 2018/2019

Republic of MoldovaYour Next Destination

Chișinău

Mlada Boleslav

Munich

1,500 km

1,600 km1,800 km

Nijniy Novgorod

Kaluga

PitestiCraiova

Distance Proximity

675 km 500 km

1,150 km

Republic of Moldova

Moldova is a small country

with great potential.

Find out more. Contact us at:www.invest.gov.md [email protected]

Investment Agency, 2018

Page 2: CEFTA GUAM Republic of Moldovaautomotivemoldova.com/publications/Automotive.pdf · CEFTA GUAM CIS EU Population GDP per capita at PPP, 2016 Economic growth per annum, 2017 Inflation,

MoldovaYour Next Destination

Automotive components that can beproduced competitively in Moldova

Cable assemblies andwiring harnesses

Car seat covers,trim

Electronic componentsand systems

Rubbercomponents

Injection /molded parts

Foams/Felts

Fastening systems(safety belts)

Carpets/Rugs

In Moldova, automotive component suppliers can

increase their cost-effectiveness.

Production in or sourcing from Moldova is profitable and

future-proof. Many new successful small, medium and large

investments in manufacturing, IT and internet-based services

demonstrate this impressively.

Most new jobs have been generated by Automotive Suppliers.

They form a vibrant and growing sector in Moldova's economy.

They profit from low-cost opportunities, and many decided to

extend their operations in Moldova.

Confezione Andrea Covercar, Sammy Cablaggi (Kablem), Lear

Corporation, DRA Draexlmaier Automotive, Gebauer & Griller,

SEBN Sumitomo Bordnetze, Fujikura Automotive, Coroplast Fritz

Müller, APM Automotive, Draexlmaier DSM run their own plants in

Moldova. Many other companies, e.g. LEONI, SEBN Sumitomo

Bordnetze, etc. use the opportunities offered by local

sub-contractors.

Moldova - the newest emerging investment destination in Eastern Europe* * According to IBM Global Location Trends 2017

15,000+

photo: FEZ Expo-Business Chisinau | Fujikura Automotive

photo: FEZ Balti | Dräxelmaier Group

Unique Tax on turnover in IT virtual Parks

People employed in theautomotive industry

in 2017

Job creation incentive

for a period of 3 (5) years when investingat least 1 (5) million USD

and no Excise and Customs duties

State guarantee on legislation changes

Road and utilities infrastructure

Customs office on site

EU border green lane (AEO)

Dual vocational system

Great number of available productive labor with competitive cost

Ongoing professional support by FEZ Administration

0.15 – 3.5 euro/m2 Land sales price

2,000EUR/job created

Employment rate in 2017

Full load labor cost Minimum salaryin 2018

40.5% 2.1EUR/hour

130EUR

500 +ha free buildable are

in FEZ all over the country