Beneficial ownership and entity

transparency of legal entities in the

Republic of Moldova

Moldova 2017
 How is information on legal entities
collected?
In the Republic of Moldova in accordance with
Law no. 220-XVI of 19.10.2007 on State
Registration of legal entities and individual
entrepreneurs: data on legal entities (such as the
company name, address of registered office, information
about the individuals who own or control these legal
entities) are collected and registered in the State
Register according to the documents submitted
by the founder/ administrator for registration.
 Where is the information kept?
The information about legal entities is registered and
kept in the State Register.
The State Register is kept, maintained and updated in
accordance with legislation in force (including Law
no. 220-XVI of 19.10.2007 on State Registration of
legal entities and individual entrepreneurs) by the
State Registration Chamber.
 What mechanisms are available to ensure
information is accurate and up-to-date?
In the case of a change of name, the legal entity is
obliged, within 30 days, to request the state registration
body to record the changes made in the acts of
incorporation and to make the respective registration in
the State Register.
Also, the accuracy of data on legal entities can be
verified by any person by accessing the electronic
bulletin of the state registration body (it is published
monthly on the official registration page and contains
data on legal entities registered or radiated in the
previous month).
 How is this information monitored?

At the date of registration of the amended name,

the state registration body will verify the
publication by the legal person in the Official
Gazette of the Republic of Moldova of the
opinion on the change of the name and publish
the same opinion in the electronic bulletin.
 What sanctions are available (e.g. penalties
when failing to provide information)?
There are no penalties or sanctions expressly provided for this case.
However a legal entity, except for public authorities and public
agencies, shall be accountable as stipulated by Contraventional Code
for contraventions committed if it complies with one of the following
conditions:
- it is guilty of a failure to fulfill or of undue fulfillment of legal
provisions establishing obligations or interdictions for carrying out a
certain activity;
- it is guilty of carrying out an activity that does not comply with its
constitutional documents or its declared goals;
- an act that caused or created the danger of considerable damage to
another entity, to society or to the state was committed in the interest of
this entity and was allowed, approved or used by its empowered body
or by a responsible person.
 Who has access to what information (e.g. law enforcement
authorities, the public)?
How can they can gain access to this information (e.g. are these
registries online and searchable)?
The data from the State Register and the constitutive acts
are public and accessible to everyone under the conditions
and within the limits provided by the legislation on access
to information, state secrets, trade secrets, personal data
protection, registers, and treaties International relations to
which the Republic of Moldova is a party.
So in accordance with above mentioned are available 2
ways to acces the necesary information about legal entities:
- Public information;
- Restricted information
 Public information
The public information from the State Register can be
accessed by everyone on the official website of the State
Registration Chamber http://www.cis.gov.md and it
contains the following data:the name of the legal entity,
legal and organizational form, state identification number,
registration date, legal address, list of founders of companies,
type of certified activity, size and share of participation, the
status.
The information mentioned above is an official and accurate
information which is updated every working day by the
registration body.
Another source of public information is the governmental
platform www.date.gov.md.
 Governmental platform www.date.gov.md

… provides data on founders of legal entities in the

Republic of Moldova. The name and surname of the founders
of around 200 thousand companies have been made public
and can be accessed free-of-charge by every citizen.
The following information about founders or companies
thereof is available of the portal date.gov.md:

IDNO/ Registration Full name Legal and Legal List of List of founders of Type of Types of
Tax code date of organizational address managers companies certified non-
enterprise form registered in the activity certified
Republic of activities
Moldova
1002600028096 20.06.2001 Banca Comercială Societate pe acţiuni mun. Chişinău, CINCILEI  - 65121, 67130 -
Moldindconbank sec. Centru, str. AURELIU,
S.A. Armenească, 38 GROZA VITALIE,
SVERINIUC
ALEXANDRU
 Information with restricted access
The complete information from the State Register and the
constitutional documents of the legal entity shall be issued
upon request in the following forms:
- extract from the State Register;
- copies of the constitution;
- information constitutional documents;
- certificate of finding of fact.
The records or original documents from the files of evidence
shall not be issued.
Original documents from the files of evidence can be
presented in the hearing at the request of the court.
This kind of information is provided within 3 working days
for a fee whose amount is established by the Government.