Over 70 companies from Switzerland, a country having one of the most steady economies in the world, got acquainted with the investment offer of the Republic of Moldova at the webinar "Business Bridges Switzerland - Moldova". During the B2B online meetings, the local companies had the opportunity to present to the Swiss entrepreneurs their investment projects that could benefit both states.
The event aimed to inform the Swiss business communities about the Moldovan investment incentives and cooperation opportunities with our companies. In this regard, the public institutions representatives presented the business development conditions and facilities offered to investors in different sectors of the national economy.
Rodica Verbeniuc, General Manager, Investment Agency: “Following the past productive experience within Business Bridges webinars with Japan, Belgium and Spain, we now have an ambitious opportunity to create close economic relations with Switzerland. We want to be a trustworthy magnet for foreign companies that decided to invest in any other sector of our economy, be it the automotive industry, ICT electronics or light industry. The large number of investors who registered for the event encourages us to be as receptive to the interests of Swiss business as possible and to offer this bridge of trust through projects and investments for the benefit of both states. "
Rodica Verbeniuc underlined the advantage of investmenting in the Republic of Moldova and the positive results our country registered in terms of investments referring to the report “The investor base of securities markets in the EBRD regions”, which states that value-based investment in Moldova significantly increased in the second quarter of 2020 and has a higher share of value investments than any other country in the region.
The General Director of the Agency also referred to one of the Swiss cantons of Zug, Schwyz and Nidwalden, which have eliminated property taxes and created favorable tax regulations to attract investors, which is a good practice to be taken over by our country as well. In Zug, the corporate tax rate is 11.9%, while in Moldova 12% but can be reduced to 6% in free economic zones. Companies operating in Zug specialize in activities related to medical technology, electronic components and the industrial sector, these sectors are strategic for the economy of the Republic of Moldova.
Claude Wild, Swiss Ambassador to the Republic of Moldova, headquartered in Kiev: “We have investment opportunities in Moldova in almost every sector. Agriculture, both traditional and organic production, has great exports potential. I can say the same about IT services - a growing sector. Industrial production is also attractive, having skilled workforce that facilitates access to the EU market. That is why I encourage Swiss investors to find a rewarding business niche in Moldova ”.
The Deputy Director of the Swiss Cooperation Office in the Republic of Moldova, Stefan Butcher discussed the Cooperation Office economic objectives and the support tools of Swiss companies interested in starting businesses in the Republic of Moldova.
In her turn, the Ambassador of the Republic of Moldova to Geneva, Tatiana Molcean, stressed the openness and willingness of the Moldovan authorities to provide assistance to Swiss companies.
Switzerland ranks 9th in the topinvesting countries in the Republic of Moldova, with over 100 companies with Swiss capital operating in our country. The two countries established bilateral cooperation relations 21 years ago.
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The Investment Agency is the only institution mandated to promote the image of the Republic of Moldova on the economic, investment and tourism dimension, being the administrator of the Country Brand.
The Agency develops platforms and promotional tools in support of the business environment in the Republic of Moldova and facilitates inter-institutional dialogue for foreign investors, by establishing a partnership of collaboration with all stakeholders.