Moldova IT Park — Chisinau's Flat-Tax 'Virtual Park' Passes $1 Billion in Resident-Company Turnover
Moldova
Launched in 2018 as Europe's first 'virtual' IT park, Moldova IT Park replaces all corporate and payroll taxes with one …
Kyrgyzstan · Bishkek · See the Kyrgyzstan profile · See the Bishkek profile
Evidence: Observational / pre–post Top 63% 62/100 · Ask Evidence Copilot about this practice
A 2011 law created zero-VAT, zero-corporate-tax status for IT exporters in Bishkek; resident revenue grew from $3m (2013) to $15m (2020) and exports reached $130m in 2024 across 500+ resident firms in 63 countries, with the regime made permanent in 2022.
The Kyrgyz Parliament passed the Law 'On the High Technology Park of the Kyrgyz Republic' in 2011, offering IT-exporting resident companies 0% VAT, 0% corporate income tax and 0% sales tax (with a reduced 5% personal income tax for employees), provided at least 90% of revenue comes from qualifying IT activity and at least 80% from exports.
The park administers a preferential tax regime for resident IT-exporting companies based in Bishkek, with eligibility tied to minimum thresholds for IT-activity share and export share of revenue.
Resident revenue grew from roughly $3 million in 2013 to $15 million in 2020, rising a further 20% during the COVID-19 disruption, with exports consistently above 85% of aggregate revenue over the following three years; by 2024, the park counted 500+ resident companies exporting to 63 countries, generating around $130 million in IT services exports; in 2022 Kyrgyzstan's president signed amendments making the preferential tax regime indefinite rather than time-limited.
HTP has publicly stated an ambition to train 50,000 software developers and reach $1 billion in resident revenue, but these are forward-looking targets, not achieved results, and should not be read as current performance; independent, cross-verified employment totals (distinct from company counts) are not available in the sources reviewed.
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Moldova
Launched in 2018 as Europe's first 'virtual' IT park, Moldova IT Park replaces all corporate and payroll taxes with one …
Tajikistan
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Jersey
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Thailand
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