LAW OF THE REPUBLIC OF MOLDOVA

of April 21, 2016 No. 77

About information and technological parks

The Parliament adopts this organic law.

Chapter I. General provisions

Article 1. Sphere of regulation and purpose of the law

(1) This law regulates process of creation of information and technological parks, and also their functioning.

(2) the Purpose of this law is creation of necessary premises for stimulation of the development of the industry of information technologies, researches and innovations based on information technologies in different areas, teaching activities in the field of information technologies and also creation of workplaces with high value added and attraction of domestic and foreign investments.

Article 2. The used concepts

For the purposes of this law the following concepts are determined:

administration of the park – the administrative authority formed by the Government for the purpose of management of the information and technological park;

the information and technological park (park) – organizational structure which residents perform the types of activity specified in article 8;

resident of the park – the legal entity or physical person registered in the Republic of Moldova as the subject of business activity brought in the Register of accounting of residents of the park and based on the agreement signed with administration of the park performing one or several types of activity specified in Article 8 as the main activities;

the main activities – the activities bringing to resident of the park 70 and more percent of sales return.

Article 3. Main objectives of information and technological parks

Creation of parks pursues the following main objectives:

a) increase in competitiveness of the companies in the field of the industry of information technologies;

b) support of the small and medium companies in the field of the industry of information technologies;

c) attraction of domestic and foreign investments, including investments of diaspora;

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