Program on Attracting Remittances into the Economy "PARE 1 +1"
Program on Attracting Remittances into the Economy "PARE 1+1" has been approved by the Government Decision no. 972 of 18.10.2010 download.
The program is oriented towards migrant workers and/or their first-degree relatives who want to invest in starting and/or development of a personal business.
TARGET GROUP:
Migrant workers or first-degree relatives who prepare to start a business or intend to develop an existing one with full private capital, registered under one of the following legal forms:
1. Individual enterprise/ individual entrepreneur;
2. Limited liability company;
3. Farmer;
4. Production cooperative;
5. Entrepreneurial cooperative.
Under this Program a migrant worker shall be a citizen of the Republic of Moldova gone abroad with the purpose to work. A first degree relative can be the spouse, parents/adoptive parents, sons/daughters.
ELIGIBILITY CRITERIA:
1. A citizen of the Republic of Moldova;
2. Moldovan migrant worker or first degree relative – beneficiary of remittances;
3. Intends to start a business in Moldova or to develop an existing business;
4. Has own capital arising from remittances and can confirm by presenting supporting documents the sources of the funds.
PARE 1 +1 Program is developed in four components:
COMPONENT I - "Information and Communication"
COMPONENT II - "Training and Entrepreneurial Support"
COMPONENT III - "Business Financing/1+1 Rule"
COMPONENT IV - "Post-financing Monitoring and Program Evaluation"
In order to register for participation in the Program the applicant will present a file containing the following documents:
• Documents justifying eligibility for the Program
1. Copy of the applicant’s Identity Card;
2. Copy of documents identifying relations between the migrant and the Program applicant: Identity Card, marriage certificate, birth certificate (if applicable).
3. Working contract from abroad of the migrant, translated by an authorized translation agency;
4. Copy of documents confirming that money originated from labor activity abroad: certificate confirming the salary/income, bank statement, copies of bank transfer provisions.
Application forms for participation in Component II - "Training and Entrepreneurial Support"
1. Application form download;
2. Application for the training:
b) Enterprise;
3. Affidavit concerning the provenance of sums of money from remittances, signed and dated by the beneficiary:
b) Enterprise;
4. Check List 1 download
The program is carried out according to the rule 1+1, correspondingly, the applicant will pay 50% of the entrepreneurial training courses within Component II.
In order to participate in Component III "Business Finance /Rule 1+1" the applicant will supplement the file with the following documents:
Application forms for participation in Component III:
1. Financing request (standard form) download;
2. Declaration stating lack of debts to national public budget download;
3. Affidavit concerning the efficiency of entrepreneurship download;
4. Certificate of attendance of training courses within the Program.
Documents related to entrepreneurship:
1. Copy of the Extract from the State Register of Legal Entities (as much as 3 months old);
2. Copy of documents founding the enterprise:
1. Enterprise registration certificate
2. Decision on registration of legal persons
3. Bylaw
3. The original certificate on the bank account, issued by the bank;
4. Copy of financial reports for the three last activity periods (if applicable);
5. Copy of documents confirming the ownership, copy of the lease contract for the room/farmland (if applicable);
6. Copy of the License and/or Authorization (if applicable);
7. Business plan download;
Model Business-plan download
ANNEXES: Previewed Balance Sheet/ Flow of financial sources download
Commercial offers, agreements of intent with suppliers/customers.
8. Check List 2 download
Note that the business plan will be submitted online at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or submitted electronically at ODIMM office.
NON-ELIGIBLE ACTIVITIES UNDER COMPONENT III
1. import of goods, except production equipment and raw materials;
2. trade in any form;
3. trust funds and insurance;
4. investment funds;
5. banking, microfinance and other financial activities;
6. exchange and Lombard;
7. gambling;
8. acquisition of real estate;
9. catering services provided in Chisinau and Balti;
10. immigration services in any form;
11. notary and legal services, lawyer.
PRIORITIES of Program "PARE 1+1" in 2012
1. Creation of new jobs;
2. Export orientation;
3. Import substitution;
4. Implementation of energy efficiency projects;
5. Creation and business development in the area download;
6. Application of modern technologies, know-how transfer, innovation.
The applicant may send the set of documents archived in ZIP or RAR files to the email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it or submit the paper file to ODIMM office.
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