Moldova

Financial Reporting Obligations for Companies in Moldova

1. Registry for Submitting Financial Statements

In Moldova, companies submit their annual financial statements to the Agenția Servicii Publice (Public Services Agency) (https://asp.gov.md), which operates the Registrul de Stat al Unităților de Drept (State Registry of Legal Entities) (https://asp.gov.md). Submissions are typically made online via the agency’s platform.

2. Legal Forms Obliged to Publish Financial Statements

Legal Forms Obliged to Publish Financial Statements:

  • Societate cu Răspundere Limitată (SRL) – Limited Liability Company: Must submit annual financial statements to the State Registry (ASP) (https://asp.gov.md).
  • Societate pe Acțiuni (SA) – Joint Stock Company: Must submit annual financial statements and is subject to mandatory audit regardless of size.
  • Societate în Comandită pe Acțiuni (SCA) – Partnership Limited by Shares: Must submit annual financial statements; audit requirements apply based on thresholds.
  • Societate în Număr Colectiv (SNC) – General Partnership: Must submit financial statements; audit if thresholds are exceeded.
  • Societate în Comandită Simplă (SCS) – Limited Partnership: Must submit financial statements; audit if thresholds are exceeded.
  • Cooperativă (COOP) – Cooperative: Must submit financial statements; audit based on thresholds.
  • Sucursala – Branch of a Foreign Company: Must submit financial statements under Moldovan rules and aligned with parent-company reporting.

Legal Forms Not Obliged to Publish Financial Statements:

  • Întreprindere Individuală (II) – Sole Proprietorship: Not required to publish; must keep accounting records for tax reporting.
  • Întreprindere Familială (IF) – Family Business: Exempt from publishing; must maintain tax records.
  • Persoană Fizică Autorizată (PFA) – Authorized Natural Person: Not required to submit financial statements; must keep records for tax compliance.

3. Companies Requiring Audited Financial Statements

Mandatory audit requirements are set by Legea nr. 271/2017 privind activitatea auditorilor și auditul statutar (Law No. 271/2017 on Audit Activities) (https://www.legis.md). Medium and large entities generally require audits; smaller entities are audited if they exceed thresholds.

Legal Form Rule Criteria (meet at least two of three)
SRL – Limited Liability Company Audit required if thresholds exceeded Turnover > €1,000,000; Total assets > €500,000; Employees > 15
SA – Joint Stock Company Always requires audit No thresholds
SCA – Partnership Limited by Shares Audit required if thresholds exceeded Same as SRL
SNC – General Partnership Audit required if thresholds exceeded Same as SRL
SCS – Limited Partnership Audit required if thresholds exceeded Same as SRL
COOP – Cooperative Audit required if thresholds exceeded Same as SRL
Sucursala – Branch Audit depends on parent company and local rules May follow parent obligations; local thresholds can apply

4. Local Stock Exchange and Financial Statements Publication

Listed companies must publish audited financial statements via the Bursa de Valori a Moldovei (BVM) – Moldova Stock Exchange (http://www.bvm.md).

5. Deadline for Submitting Financial Statements

The standard deadline is 120 calendar days after the end of the fiscal year for most legal forms. Listed companies may have shorter, exchange-specific deadlines (see BVM) (http://www.bvm.md).

6. Companies Submitting Partial Financial Statements

  • Small entities (e.g., turnover under €700,000 and total assets under €350,000) may submit simplified financial statements.

7. Consequences for Late Submission

  • Fines ranging from MDL 3,000 to MDL 5,000.
  • Risk of being struck off the State Registry after repeated non-compliance.
  • Potential legal action against directors/officers.

8. Requirements for Foreign-Owned Branches and Newly Established Companies

Foreign-owned branches must align with both Moldovan and parent-company reporting; generally, the same 120-day filing timeline applies. Newly established companies file their first statements for the initial fiscal year by the standard deadline.

Sources

Source Link
Agenția Servicii Publice (ASP) https://asp.gov.md
Legea nr. 271/2017 (Audit Activities) https://www.legis.md
Bursa de Valori a Moldovei (BVM) http://www.bvm.md
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