Continuing our journey of discovery of European nations, we arrived in a small country but really convenient for future real estate investors.
Landlocked, and embraced by Romania and Ukraine, the undisputed protagonist of our mini guide today is Moldova! This parliamentary republic, has about 3,500,666 inhabitants, from various parts of the world. In recent years, in fact, despite the fact that this land is very poor base, thanks to an advantageous tax system and an extremely low cost of living, has managed to attract many tourists who, subsequently, have decided to settle in this country.
Buying a property in Moldova could be an apparently risky choice but, with our help, you'll understand that the benefits of such an important step, can be many.
So, even if you are looking forward to finding out more, you just have to get comfortable! The mini guide signed Realigro is about to begin! Let's start by saying that this country has always been the subject of foreign domination. August 27, 1991 marks an important date for the future of this State: independence from the USSR (later recognized on December 25 of the same year). the presence of a large flat area, allows, the local economy, to emerge especially in the agricultural sector. The subsoil, in fact, being very fertile, guarantees agriculture to represent 40% of the national GDP, through the production and export of wheat, corn, oats, tobacco, sunflowers and last but not least (through viticulture) the production of wines and sparkling wine.
The current currency is the Moldovan Leu, which corresponds to 0.05 euros.
But what are the documents to be able to access Moldova?
The passport can easily be replaced by the Identity Card, but only if electronic. In both cases, any identification document must be valid for a minimum of 3 months. After 90 days, you will be required to apply for a visa. The language spoken is Romanian, but as always, English will come in handy in all circumstances. tax, VAT is generally in line with European standards (20%) while, income taxes, are very low, especially those on capital gain, which provide an important convenience for real estate investments. And this is exactly what we will now be interested in: how much does it cost and where should you buy a property in Moldova?
You can buy a property in the capital, Chişinău, from 50,000 euros, and given that it is the most important city in the country, it is easy to understand that the convenience is actually remarkable. There are even more attractive opportunities, especially in less metropolitan cities and peripheral areas.
What are you waiting for? All you have to do is make your ticket and leave for this new adventure!
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