Victor Guzun, “Our conditions must be better for investors to come to our republic”

After the grand opening, the work of the forum continued at various venues. The plenary session “The Future of Pridnestrovie: Challenges, Strategies, Success Mechanisms” was attended by Victor Guzun, Chairman of the Parliamentary Committee on Enterprise and Industry Development.

The Investment Act provides clear guarantees to investors. When signing the contract, the respondent party is the Government of the republic. The investor receives guarantees of immutability of the legislation. Even if our laws are changed, on the basis of direct agreement with the Government, the investor will be guided by the rules of the law that were in force in the republic at the time of signing the contract. In addition, investors are exempt from paying land tax, income tax for a period of up to 10 years, depending on the amount of investment. They are exempt from paying income tax on dividends they receive and from paying customs duties. The single social tax rate is reduced from 25% to 14%.

Last year, new mining law was introduced at the investment forum. Today, our state receives stable income from this activity. Pridnestrovie is having a favorable situation IT technologies and outsourcing. The Supreme Council is now actively discussing simplification in the field of public procurement. The task is to create a transparent, understandable and convenient mechanism for investors. To do this, meetings with business representatives are regularly held at the sites of the Government and the Supreme Council. The Government is doing everything possible to ensure that the proposals of the business community are taken into account and implemented.

The forum will last two days. The topics of the meetings are diverse: the potential of Pridnestrovie from the point of view of developing trade and economic relations with the CIS and EU countries, introduction of modern technologies in business processes, tourist trends and their application in the PMR, investments in IT technologies, training of specialists in demand to balance between supply and demand in the labor market, the environment and much more.