Business activity (CAEN) codes update
Amending the business activity is one of the most frequent operations registered with the Trade Registry (ONRC) and is necessary where a company wishes to add, remove or amend CAEN codes, change its main or secondary business activity or authorise new activities.
The procedure for amending the CAEN codes involves preparing the documentation and registering the change with the Trade Registry (ONRC). Depending on the company's situation, this may include adding CAEN codes, removing CAEN codes, changing the main business activity, authorising the activities carried out, updating the business activity in line with CAEN Rev. 3 and amending the articles of association, where necessary.
Before initiating the procedure, the CAEN codes corresponding to the activities carried out must be identified and their classification under the classification in force verified. Choosing the correct CAEN codes is essential for authorising the activity, complying with legal obligations and avoiding subsequent changes.
Although amending the business activity is an administrative procedure, choosing and correctly registering the CAEN codes produces important legal effects on the company's activity. Incomplete or improperly drafted documentation may lead to delays or to a request from the Trade Registry to supplement the file.
An amendment of the business activity carried out correctly ensures that the company's information is updated in the Trade Registry (ONRC) and allows the activity to be carried out in accordance with the authorised business activity.
Frequently asked questions
How long does it take to amend the business activity (CAEN code)?
Where all the necessary information and documents are provided, the documentation can be prepared in the shortest possible time, so that the registration formalities are completed without delay. After the application is filed, the time taken to process it depends on the Trade Registry (ONRC) and may vary according to the institution's workload, the particular features of each application and any requests to supplement the documentation.
Can CAEN codes be added or removed after the company has been set up?
Yes. After the company has been set up, the business activity may be amended by adding new CAEN codes, removing existing CAEN codes or changing the main CAEN code, in compliance with the legal provisions. The change must be registered with the Trade Registry (ONRC), and the procedure and the documentation required differ according to the particular features of each company.
Is it mandatory to update the CAEN codes in line with CAEN Rev. 3?
Yes. Companies are required to update their business activity and CAEN codes in line with the CAEN Rev. 3 classification, under the conditions provided for by law. Updating them involves registering the change with the Trade Registry (ONRC), by preparing the necessary documentation and completing the applicable formalities.
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