Why Retire in Moldova?

If you are seeking a place to retire that is somewhat similar to mid-America, Moldova is it. Nestled between Romania and Ukraine down near the Black Sea, Moldova enjoys a climate of 4 distinct seasons with the side benefit of very low humidity in the Summer. Excellent air travel connections to most major European cities and train service connecting to all of Europe.
Cost of living that is about as low as you will find anywhere and a personal safety factor that is just not found anywhere else I have been.

Sunday, March 28, 2010

Some basic costs

This is for about an 1100sf 5th & top floor apartment.

Electricity  about  $30,  Natural gas for heat, cooking and hot water, February $92, Water and community costs $20

Normally in the states, the rule of thumb for rent is 1% per month of the sale value of the property to be rented.  Rents here run about  1/2% per month or less of the sale value.  There are times when renting is smart. Given current interest rates being paid by the local banks it is very smart.  Foreigners are allowed to buy apartments and stand alone homes on a standard lot. They cannot buy large pieces of land.  That is done by long term purchase lease-back.  Prime farm land is on the order of $800 an acre.  

Taxes on property are so small as to be inconsequential.

Corporate taxes are 0%

Personal income taxes are flat 18% 

THERE IS NO TAX ON ANY MONEY YOU BRING INTO MOLDOVA FROM ABROAD.  

Automobile gas is expensive by American standards as it is in the rest of Europe.






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