CAEN codes (Classification of Activities in the National Economy) are important for any limited liability company (SRL) in Romania, as they define the fields of activity in which the company can operate. But how many CAEN codes can an SRL have? In this article, we will explore the importance of CAEN codes, how many codes an SRL can have, and how they influence a company’s activity.
What Are CAEN Codes?
CAEN codes are used to classify economic activities in Romania, providing a standardized structure for identifying a company’s fields of activity. Each CAEN code represents a specific activity and is used by tax, statistical, and regulatory authorities to monitor and manage various sectors of the economy.
An SRL must register the appropriate CAEN codes for the activities it intends to carry out. These codes are included in the company’s articles of incorporation and are required to obtain various authorizations and licenses necessary for operation.
How Many CAEN Codes Can an SRL Have?
An SRL can have multiple CAEN codes, depending on the number and variety of activities it intends to undertake. There is no legal maximum limit for the number of CAEN codes an SRL can have, but each code must be relevant to the company’s activities and properly registered in the articles of incorporation.
However, it is important to note that although an SRL can have multiple CAEN codes, it must have a single main CAEN code. This main code represents the company’s primary economic activity, while the other codes are considered secondary activities.
How to Choose CAEN Codes?
Choosing the right CAEN codes is essential to ensure legal compliance and avoid potential issues with tax and regulatory authorities. Here are some aspects to consider when selecting CAEN codes for an SRL:
- Relevance of activities – Ensure that each chosen CAEN code is relevant to the activities the company will carry out. Select codes that accurately reflect the business sector and the services offered.
- Authorizations and licenses – Check whether the chosen activities require specific authorizations or licenses and make sure you have obtained all necessary documents to legally conduct these activities.
- Professional consultancy – It is advisable to consult an accountant or a tax consultant to ensure that you have correctly chosen the CAEN codes and that the articles of incorporation are complete and properly drafted.
Modifying CAEN Codes
If changes occur in the company’s activity or new business areas need to be added, CAEN codes can be modified. To do this, the articles of incorporation must be updated, and the changes must be registered with the National Trade Register Office (ONRC).
The process of modifying CAEN codes involves submitting specific documents and paying the associated fees. It is important to follow the correct procedure to avoid potential penalties or legal issues.
An SRL can have multiple CAEN codes, reflecting the various economic activities it intends to carry out. Proper selection and registration of CAEN codes are crucial for legal compliance and the efficient operation of the company. Although there is no legal maximum limit on the number of CAEN codes, each company must have a main CAEN code representing its primary economic activity. To ensure proper management of CAEN codes, consulting an accountant or a tax consultant is recommended.
When establishing or modifying CAEN codes for your SRL, seeking guidance from a Romania law firm can help ensure compliance with legal requirements and avoid potential regulatory issues.