To create mechanisms that will stimulate investors to invest additional funds in the economy of our state – this is the goal of amendments to a number of laws adopted by the Supreme Council. The validity period of benefits for investors and organizations implementing priority projects for the state may be increased.
In total, our legislation defines three categories of investments for which benefits are provided, depending on their amount. The first category – the investor invests up to 500 thousand USD and receives benefits for 5 years. If an investor invests from 500 thousand to 1 million, he receives benefits for 7 years. If more than 1 million, then tax benefits will be received for 10 years. However, there are situations when an investor decides in the process of doing business to increase investments in our economy, and in terms of the amount of investments, he moves to the next category in terms of benefits. Previously, it was not possible to change the conditions originally prescribed in the contract.
If an investor decides to increase the volume of investments within two years from the date of the conclusion of the agreement, the tax incentives will be extended.
The Supreme Council adopted amendments and additions to the laws concerning investment activities in the final reading. The package of documents has been sent for signature to the President of the Pridnestrovian Moldavian Republic.