How to Set Up an IT Company in Moldova

This comprehensive guide explains how to set up an IT company in Moldova, offering foreign entrepreneurs key insights into the local startup ecosystem, banking, taxation, and the Moldova Innovation Technology Park (MITP). Whether you’re coming from the USA, Germany, Romania, or beyond, Moldova is quickly becoming Eastern Europe’s most tax-efficient jurisdiction for digital businesses.

Table of Contents

1. Setting Up an IT Company in Moldova
2. Company Formation Process
3. Applying to Moldova IT Park
4. Bank Account Opening in Moldova
5. Tax Benefits in Moldova
6. Moldova’s Strategic IT Advantages
7. Highlights of the Moldovan ICT Sector
8. MITP in Numbers
9. Conclusion

Setting Up an IT Company in Moldova

Moldova’s favorable tax climate, low operating costs, and government-backed IT incentives make it one of the most attractive jurisdictions in Europe for setting up an IT business. Companies based in Moldova can access the EU market, benefit from skilled local talent, and significantly reduce tax liabilities through the Moldova IT Park (MITP).

Company Formation Process

1. Choose a Legal Entity: Most IT firms register as SRLs (LLCs). Compare business structures here.
2. Name Reservation: Pick a unique company name and register it via Moldova’s public registry. How to choose a name.
3. Prepare Legal Documents: Submit founding documents, director/shareholder details, and comply with KYC rules. Check documentation requirements here.
4. Remote Setup: If setting up from abroad, grant a power of attorney. We can represent you entirely and open the company without your travel.
5. Bank Account Setup: Opening a business bank account is required. Learn more about the process here.
6. Apply for Permits: Some IT activities may require special licensing. We’ll assist with all registrations and approvals.

Applying to Moldova IT Park

Once your company is registered, apply to become a resident of the Moldova Innovation Technology Park (MITP). This virtual park provides access to the 7% unified tax regime. We handle:

• Eligibility checks
• Filing the Letter of Intent
• Compliance support

Bank Account Opening in Moldova

To operate in Moldova, every company must open a local bank account. Here’s how we help:

• Bank Selection: Choose between top local banks such as Moldova Agroindbank, OTP, Victoriabank, and Moldindconbank
• KYC & Due Diligence: We handle documentation and coordinate communication with the bank
• Remote Onboarding: Some banks support video onboarding. We’ll advise on the best option for your needs

Read more about banking requirements here.

Tax Benefits in Moldova

The MITP allows residents to pay just 7% flat tax on turnover, which replaces the following:

• Corporate tax
• Personal income tax (on distributed earnings)
• Social security & health insurance
• Local taxes, property tax, and road tax

This simplifies compliance and reduces costs substantially compared to other European jurisdictions.

Moldova’s Strategic IT Advantages

• Cost-effective Talent: Developers earn 40–60% less than EU counterparts
• English, Russian & Romanian spoken: Ideal for outsourcing and multilingual teams
• EU-Aligned Legal System: Transparent and investor-friendly
• Time Zone: GMT+2, perfect for European collaboration

Highlights of the Moldovan ICT Sector

• Nationwide 4G+ coverage
• 1,690+ registered IT firms
• Ranked 1st in SEE for digital readiness by ITU

MITP in Numbers

• 1,690+ active residents
• 21,000+ employed professionals
• €665M+ in annual turnover (2023)
• Clients in 39+ countries

Conclusion

For startups and established companies looking to expand in Europe, Moldova offers one of the lowest-tax, highest-growth environments in the region. The IT Park model, digital incorporation, and government support make company formation straightforward — especially with incorpore as your local legal partner.

Ready to scale your IT business in Moldova? Reach out for a free consultation today and let’s build your cross-border strategy together.