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Hire a remote team in Moldova (Republic of)

Hiring a remote team in a country as Moldova (Republic of) comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Moldova (Republic of). We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

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1. Hire a remote team in Moldova (Republic of) with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Moldova (Republic of), particularly if you don't have established local relationships. You can hire employees in Moldova (Republic of) effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

Table of contents
  1. Hire a remote team with Rivermate
  2. Introduction
  3. Hiring a remote team in your country
  4. Cost of living
  5. Cost of renting
  6. Major industries
  7. Hiring cost
  8. Employment laws
  9. Top skills
  10. Economic landscape
  11. Market size
  12. Minimum wage

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Moldova (Republic of).As an employer of record, we help you hire employees and run payroll services in Moldova (Republic of), allowing you to avoid the necessity of first establishing a branch office or subsidiary in Moldova (Republic of).It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.If you wish to hire a remote team in Moldova (Republic of) or individually hire remote employees in Moldova (Republic of), Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.Send us a message so we can talk about how Rivermate’s Employer of Record Moldova (Republic of) services can best help your company!

3. Hire a remote team in Moldova (Republic of)

Moldova is a landlocked country in eastern Europe with an area of approximately 34000 km2. Ukraine borders it on the north, south, and east, and Romania on the west. The region's official language is Romanian, also known as "Moldovan."Moldova's development is accelerating as Europe continues on its path of development. Furthermore, business practices are improving as a result of regional development, changing laws, investor interests, and the growing need for change. It is supported by vast agricultural land, numerous vineyards, and an ethical workforce eager to be efficient and effective.

4. Cost of living in Moldova (Republic of)

Moldova's cost of living is $501, which is 1.86 times less expensive than the global average. Moldova ranked 179th out of 197 countries in terms of cost of living and 102nd in terms of quality of life.In Moldova, the average after-tax salary is $347, which is enough to cover living expenses for 0.7 months.

5. Cost of renting in Moldova (Republic of)

Living and surviving in Moldova, like most small cities, is not difficult. The average cost of living, including all necessities such as food, shelter, transportation, and other utilities:The cost of renting in Moldova is determined by the size of the apartment/land and other lifestyle expenses. Living alone will be more expensive than sharing an apartment with others.

6. Major industries in Moldova (Republic of)

The agricultural industry is the most beloved and nurtured trade practice in Moldova. Because of the Black Sea, the climate provides ideal sunlight for agricultural practices. Cattle farming and beekeeping are examples of viable businesses in Moldova.In 2018, Moldova produced 2 million tons of maize, 1.1 million tons of wheat, 730,000 tons of grapes, 174 thousand tons of potato, and 132 thousand tons of plum.Foreign investments in Moldova are tariff-free, which means that foreign investors may make any investment on Moldovan territory as long as national interests are not jeopardized. As a result, it is ideal and profitable for expanding businesses, establishing multinational corporations, and gradually improving life quality.The banking and financial sector is also evolving in this area. Currently, only 13-14 locally-owned banks operate and hold a market share; however, there are no official barriers for foreign banks to establish and operate branches in Moldova.The government is encouraging industries to hire people, build networks, and implement policies that will benefit the economy.

7. Hiring cost in Moldova (Republic of)

Eastern Europe has unquestionably lower labor costs than the rest of the continent. An employer/recruiter must cover the costs associated with the hiring process. They should be as low as possible. When deploying an employee in Moldova, the following costs must be considered. In some cases, depending on the position and the company, the heads may differ slightly.- Onboarding costs- Training costs- Accommodation Costs- During Covid- Hotel Quarantine costs (in some cases)- Uniform Costs- Meals- Travel expenses- Spouse travel/ family travel expenses- Notice Period costs

8. Employment laws Moldova (Republic of)

While the laws are not strict, there are a few requirements that must be met. Anyone hired to work on Moldovan territory must be chosen regardless of their nationality, political affiliation, race, age, gender, language, religion, or disability.To avoid legal ramifications, any recruiter must follow these laws. Employees must be hired based on their contact system, which can be either time-based or project-based.Working hours are set at 40 hours per week. Overtime should be paid at 150% for the first two hours and 200% for each subsequent hour. Overtime is restricted to a total of 120 hours per year.

9. Top skills Moldova (Republic of)

The most valued skills, according to an analysis of requirements to skills specified by Moldovan employers in job vacancy postings, are job-specific technical skills, work ethic, Romanian and Russian languages, computer literacy, communication skills, and knowledge of English or another foreign language.

10. Economic landscape in Moldova (Republic of)

According to the World Bank Organization, Moldova's economy has changed dramatically in recent years. A significant reduction in economic poverty has played a significant role in Moldova's employability. In the last 20 years, the economy has grown by 4.6% per year on average. This is an indication of progress and a step toward a developed economy. Moldova's national income per person was 14% in the 2000s, but it has now risen to 30% in 2020.

11. Market size in Moldova (Republic of)

Information on the market size in Moldova is currently unavailable. Talk to us at Rivermate to see how we can help you hire in Moldova.

12. Minimum wage in Moldova (Republic of)

The minimum salary in Moldova varies depending on the kind of employment. Employees in the private sector get 1,900 Moldovan lei a month, while those in the public sector should earn at least 1,000 lei.