Overview of the Program

The “Moldova Citizenship by Investment” (MCBI) program was initiated by the Government of the Republic of Moldova in the latter half of 2018. This program allows foreign nationals to obtain Moldovan citizenship through a significant economic contribution to the country. The primary goal is to attract foreign direct investment, which can help bolster Moldova’s economy and support its sustainable development initiatives.

Investment Requirements

To participate in the MCBI program, applicants are required to make a minimum investment of €100,000. This investment is directed towards the Moldova Foundation for Public Sustainable Development, which operates as the State Investment Fund. The contributions made under this program are intended to facilitate various public projects and enhance infrastructure within Moldova.

Application Process

The application process for obtaining Moldovan citizenship through investment typically takes between 3 to 4 months. However, it is contingent upon passing a rigorous due diligence check that includes several layers of verification:

• Public Database Searches: These searches include checks against sanctions databases and other relevant public records.
• Public Searches: Additional public searches may be conducted to gather more information about the applicant.
• Background Verification Checks: These checks are performed by contracted third-party specialist agencies that assess the applicant’s background thoroughly.
• Government Checks: Various government bodies, including the Centrul Național Anticorupție (National Anti-Corruption Centre), Biroul Migrație și Azil (Bureau for Migration and Asylum), and the Security and Intelligence Service, conduct checks to ensure compliance with national laws.

It is important to note that individuals who have been denied a visa from countries with which Moldova has a visa-free regime will not be eligible for this program.

Eligibility Criteria

The MCBI program allows applicants to include their family members in their application. This includes spouses, children under 29 years old, and parents. There are no language or residency requirements associated with acquiring Moldovan citizenship through this program.

Benefits of Moldovan Citizenship

Obtaining citizenship through the MCBI program offers several advantages:

• Visa-Free Travel: Holders of a Moldovan passport can travel without a visa to 121 countries worldwide, including Schengen countries, Russia, and Turkey.
• Family Inclusion: Citizenship extends not only to the primary applicant but also covers family members.
• Generational Transfer: Moldovan citizenship can be passed down to descendants.
• EU Association Agreement: Moldova has entered into an Association Agreement with the European Union and is actively seeking EU membership, which could provide additional benefits in terms of mobility and economic opportunities.

Economic Context

Moldova is strategically located at the crossroads of Europe, Asia, and the Middle East, making it an attractive destination for investors looking for opportunities in emerging markets. The country has implemented various reforms aimed at modernization and economic growth while fostering an environment conducive to business operations.

Moldova boasts one of the most competitive tax systems in Eastern Europe with favorable taxation rates designed to encourage foreign investments. The standard VAT rate stands at 20%, while there is a unique income tax rate set at 12% for both individuals and legal entities.

Conclusion

In summary, Moldova’s Citizenship by Investment program presents an appealing option for individuals seeking greater global mobility and access to European markets through strategic investment in a developing nation.