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There were 388 Moldova IT-Park residents as of Q1 2019; the number of employees exceeded 7.5 thousand

There were 388 Moldova IT-Park residents as of Q1 2019; the number of employees exceeded 7.5 thousand

Acting Moldova IT-Park administrator, Valentina Stadnic, presented such data to the "Economic Review" newspaper. According to her, out of 388 companies, 109 IT-park residents are companies with foreign capital (USA, Romania, Great Britain, Italy, Germany and other countries). Of the 22 types of activities that resident companies are engaged in, 12 types of activities are in demand within the framework of local sales and 11 - within the framework of exports. The greatest income from sales in the local market and in export was brought by customer-oriented software; other activities in the field of information technology; data processing; web site management and related activities. Following the results of 2018, active residents of the park declared 1.906 billion lei as total income for the period of their stay in the park. For 2019, the projected income of resident companies is tentatively estimated at 2.654 billion lei. The average salary of employees in resident companies reached 30897 lei in the first quarter of 2019, which is 10.7% more than the monthly salary registered at the end of 2018 (27906 lei). The total number of employees in the Moldova IT-Park resident companies in 2018 was 6739 people, having increased in Q1 2019 to 7524 people (of which 87.5% are directly involved in IT activities). Director of the Alfa Soft group of companies, Iurie Coroban, commenting on the results of the Moldova IT-Park activity, noted that the creation of a virtual information technology park and the provision of a special tax regime for its residents allowed for achieving significant growth in the IT industry. “Alfa Soft, which is a resident of the park, increased its turnover 1.5 times in 2018, and this year we are planning a 3 times increase. This is real,” Coroban said. He noted that the key element of the law on virtual IT parks is the taxation model in the form of a 7%single tax for residents of IT parks. According to him, this is the best offer in the region, which undoubtedly attracts new IT companies with their ideas and innovations to the Moldovan market. According to Coroban, some people mistakenly believe that 7% is a payroll tax, but this is not the case: the 7% tax is charged on the entire turnover of the company, and this is a lot of money. At the same time, he noted the problem of personnel shortage in the IT sector and the direct relationship between the tightening of the legislative conditions for the functioning of the IT Park and the leakage of specialists. Veaceslav Cunev, director of Deeplace, chairman of the board of directors of the Association of Private IT Companies (ATIC) noted that in the newest history of Moldova, the first precedent is when a separate industry receives a special tax regime. “This is very important - not privileges, but an individual tax regime that maximally stimulates its development, based on both the current level of development of the industry as a whole, and the regional and international market conditions. And this is an indicator of the maturity of the economy - only in a developed economy individual tax regimes appear for each of the sectors, based on its characteristics, development rates and international conjuncture,” Cunev noted. // 02.08.2019 - InfoMarket.

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