(1) This Law regulates the process of establishing the international business services park.

(2) The purpose of this Law is to create the necessary preconditions for boosting the development of the international business services industry, as well as creating high value-added jobs and attracting domestic and foreign investments.

For the purposes of this Law, the following terms are defined as follows:

International Business Services Park Administration/Park Administration - a public institution established by the Government for the administration of the International Business Services Park, the founding function is exercised by the Ministry of Economy;

International Business Services Park (Park) - organizational structure whose residents perform the activities referred to the Article 8

resident of the park - legal or natural person, registered in the Republic of Moldova as a subject of entrepreneurial activity, which is included in the Register of residents of the park and which performs, as its main activity, one or more of the activities referred to the Article 8, on the basis of a contract concluded with the Administration of the park;

main activity - an activity which meets all of the following criteria:

- The recorded income from the provision of services allowed in the park in accordance with Article 8 is 85% or more of the total amount of income from the sale of products (goods), provision of services, execution of works recorded in the accounts;

- The recorded income from external commercial activity is 85% or more of the total amount of income from the sale of products (goods), provision of services, execution of works recorded in the accounts.

External commercial activity - the provision of services referred to the Article 8 by residents of the park for the benefit of a non-resident.

The creation of the Park aims to achieve the following main objectives:

a) to increase the competitiveness of enterprises in the international business services industry;

b) to support small and medium-sized enterprises in the international business services industry;

c) attracting local and foreign investments;

d) to carry out activities that create products with high added value;

e) establishing partnerships with multinational companies in the business services sector with the aim of transferring positive practices and the most advanced knowledge in the field;

f) attracting qualified human resources;

g) creating skilled and well-paid jobs.

The establishment and operation of the Park shall be based on the following principles:

a) transparency in the operation of the Park;

b) equal treatment of all potential residents in the registration process;

c) non-involvement of the public authorities and the Park Administration in the activity of the residents, except within the limits provided for by this Law, by the regulations in force and by the contract on the conduct of business in the Park;

d) the achievement of the basic objectives of the parks.