The ISO code of Moldova is MD according to the ISO 3166 standard. The local name of the country is the same as its English name. Moldova capital city is Chisinau. People in Moldova speak the Romanian language. On 27 August 1991, Moldova emerged as a sovereign political entity. In the year 08/27/1991, Moldova emerged as a sovereign political entity. The largest city in Moldova is Chișinău.
Moldova is located in the UTC +02:00 time zone, which is also called Eastern European Time or EET. The internet country code top-level domain (ccTLD) for Moldova is .md. The International dialing code for Moldova is 373. People in Moldova drive on the right side of the road. Total land area of Moldova is 33,851 km² (approx. 13,070 mi²). Moldova is a landlocked country.
Moldova is located in Europe. Moldova is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Moldova faces various issues, including heavy use of agricultural chemicals, including banned pesticides such as DDT that contaminates soil and groundwater, extensive soil erosion from poor farming methods.
Doing business in Moldova
We offer various corporate services in Moldova jurisdiction. These services can serve both, people coming from Moldova and foreigners. If you plan on doing business in Moldova you might be interested in contacting us.
To find out about starting your business in Moldova click on company formation in Moldova.
To find out how to open a bank account in Moldova and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Moldova.
Choose preferred service below or continue reading to find out more about Moldova.
Demographics of Moldova
The total population of Moldova is 4,041,065 people. In Moldova, the population density is 105 people per square kilometer (273 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is rather diverse according to a fractionalization scale which for Moldova is 0.5535. Moldova has approximately 142904 foreign immigrants. The median age is approximately 35.7 years. In Moldova, 43.37 in every 100 people use internet. Moldova has a Human Development Index (HDI) of 0.663.
The majority religion of Moldova is Christianity, Moldova is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Moldova.
Culture of Moldova
People in Moldova speak the Romanian language. According to data on inbound tourists in Moldova, 11,500 tourists arrive in the country each year. The first McDonalds in Moldova was opened on 30 April 1998, and it was located in Chisinau. One of the most popular national dishes of Moldova is mamaliga. To read more click on culture of Moldova.
Geography of Moldova
Moldova is considered to be a large nation because of its total area. Its total land area is 33,851 km² (approx. 13,070 mi²). Moldova is located in Europe. Its capital city is Chisinau. Moldova has 2 neighbouring countries. Its neighbours include Romania, and Ukraine. Total length of land borders of Moldova is 1885 kilometers (~728 miles).
The highest point of Moldova is Dealul Bălăneşti, with its official height being 430 m (1,411 ft). Including land mass and EEZ, the total area of Moldova is approximately 33,851 km² (~13,070 mi²). The most notable natural resources found in Moldova are lignite, phosphorites, gypsum, limestone, arable land.To read more click on geography of Moldova.
Economy of Moldova
The currency of the country is Moldovan leu. The symbol used for this currency is L, and it is abbreviated as MDL. 4.3% of population in the country are unemployed. The total number of unemployed people in Moldova is 173,766. Each year, Moldova exports around $2.4 billion and imports roughly $5.49 billion. The Gini Index of the country is 33. Moldova has a Human Development Index (HDI) of 0.663.The Global Peace Index (GPI) for Moldova is 1.942. Moldova has a government debt of 92.6% of the country's Gross Domestic Product (GDP), as assessed in 2010. Moldova is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are sugar, vegetable oil, food processing, agricultural machinery, foundry equipment, refrigerators and freezers, washing machines, hosiery, shoes, textiles.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Moldova is $17,780 billion. Each year, consumers spend around $4,795 million. The ratio of consumer spending to GDP in Moldova is 0%, and the ratio of consumer spending to the world consumer market is 0.0138. The corporate tax in Moldova is set at 12%. Personal income tax ranges from 7% to 18%, depending on your specific situation and income level. VAT in Moldova is 20%. In 2013, Moldova received 473 million USD in foreign aid.In 2014, the foreign aid amounted to 464 USD.To read more click on economy of Moldova.
Infrastructure of Moldova
Infrastructure quality in Moldova is rated to be at 2.55. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
In Moldova, 100% of the population has access to electricity. There are 711,564 internet hosts in Moldova. Moldova has 7 airports nationwide.
The logistics performance index of Moldova is 2.65. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 2.35. It indicates a mediocre performance - the tracking systems provide some degree of information which usually includes the most necessary topics, such as the current location of a shipment, the dates of arrival and departure and the status of a shipment; still, more detailed information about the status and multi-language accessibility options are usually lacking.
The number of road motor vehicles per 1000 inhabitants in Moldova is 309. To read more click on infrastructure of Moldova.
Politics of Moldova
Moldova, is a unitary parliamentary republic. With regard to political and civil freedoms, Moldova is 2. Citizens in Moldova experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Moldova, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is Igor Dodon.
According to the World Bank Group, the government effectiveness index of Moldova is -0.38. This indicates that the government of Moldova is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Moldova before considering any business maneuvers.In Moldova, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Moldova is 1.942. The strength of legal rights index for Moldova is 8. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. In 2013, Moldova received 473 million USD in foreign aid. In 2014, the foreign aid amounted to 464 USD. Moldova is a member of the United Nations (UN). On 2 March 1992, it joined the UN as a full member state. Moldova is a member of the World Bank. To read more click on politics of Moldova.
Environment of Moldova
Moldova emits 1.4 metric tons per capita of CO2. 3290 km² of Moldova's territory is covered in forests. and forest land comprises 10% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Moldova is 309. To read more click on environment of Moldova.
Company formation in Moldova
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Moldova.
When establishing a company in Moldova, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Moldova that will affect the establishment and growth of one's business. Contact us or click on company formation in Moldova to read additional information when setting up a business.
Bank account opening in Moldova
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Moldova. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Moldova, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Moldova or contact us.