The aim of my work is to analyze Local capital versus foreign capital in the Republic of Moldova.There are three types of financing for Moldovan companies: local private capital, foreign private capital and State-owned. Total turnover in 2015 for the 36,1 hundred of economically active companies: 282,2 bln lei (about 13,1 bln euro). Table 1.tableThe indicators from the table show that local capital companies dominate. According to official data, for both types of companies, the top five major sectors are commerce, IT, processing industry, transportation and communications, constructions. Top 3 branches of turnover for local capital are presented by commerce, processing industry and transportation and communications. A similar situation can be seen in companies with foreign capital, but the energy sector displaces transport. The crisis of 2008 prevented rapid evolution of local and foreign companies at national level. However, companies with foreign capital proved to be more stable. Their economic growth was on average of 15-20%, while for locals it was established at around 10-15%. If we take top 20 exporters from Customs Service Data we will see that 10 companies (50%) are enterprises with local private capital, 8 companies (40%) are enterprises with foreign private capital and 2 companies (10%) are State-owned. Moldovan Companies represent only 5.8% (2.089 exporters ) share of exporters in the total number of active companies.For comparison, export companies hold 14-15% of the total number of companies in Lithuania, Estonia, with a population that is 2.6 times smaller, has more than 10 000 exporters or 4.8 times more than our country. To sum up, despite the fact that companies with local capital have an absolute majority, firms with foreign capital have a larger turnover per employee. This characterizes them as more stable and promising. We need to pay more attention to the development of local companies.