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Moldova: The Next Big Thing in Talent Sourcing and Team Extension Amidst New Tax Changes in Romania and the EU

As the world becomes more interconnected, businesses are looking for new ways to expand their operations and tap into new markets. One way to do this is by relocating your talent sourcing and extending teams that work for Romanian companies in particular and EU companies, in general, to hire in Moldova. Moldova is a country that has been attracting foreign investors and businesses due to its favorable business environment, low taxes, and strategic location.

Moldova is located between Romania and Ukraine, which makes it an ideal location for companies looking to expand their operations in the region. The country has a highly skilled workforce, with a large number of people proficient in English, French, German, Russian, Turkish, and many other EU and non-EU languages. The country also has a well-developed IT sector, which has been growing rapidly in recent years.

In terms of taxation, Moldova has one of the lowest tax rates in Europe, with a flat corporate income tax rate of 12%. However, companies in the IT sector may benefit from personal income tax (PIT) incentives, such as a cap on certain monthly withholdings. Monthly social security contributions of IT companies are also limited to the income capped at two national average forecasted salaries. This makes the overall cost of talent sourcing in Moldova around 35% to 45% lower than in other countries.

Moldova is an attractive destination for businesses looking to relocate their talent sourcing and extend teams that work for Romanian companies in particular that are looking for a workaround for the new upcoming business costs and EU companies in general, to hire in Moldova let it be BPO, EOR, or remote outstaffed talent. The country’s favorable business environment, low taxes, strategic location, and highly skilled workforce make it an ideal destination for companies looking to expand their operations in the region.

By starting to hire in Moldova before the market starts to get pressured, businesses can avoid the upcoming overcast.

They can benefit from existing talent and resources in different areas such as BPO, EOR, outstaffing, outsourcing, and other services. Moldova is a great place to start, and I hope this article has been informative and helpful to you.
If you are interested in learning more about how to relocate your talent sourcing extend teams and hire in Moldova, please feel free to reach out to Future Gate company for consultancy. They provide a range of services to help businesses expand their operations in Moldova and other countries in the region.

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