CAEN Codes - Nomenclature
CAEN codes are a classification system used to identify different types of economic activities in Romania. They are assigned to each individual activity to make it easier to identify and classify. The purpose of CAEN codes is to provide a standardized way of categorizing businesses and economic activities, which aids in statistical analysis and reporting.
The CAEN code is a four-digit number that corresponds to a single economic activity. Each legal entity has a single main object of activity, represented by a CAEN code that is established in the organization's constitutive act, whether it is a PFA or SRL. It is important to choose the right CAEN code for your business, as it determines the types of activities you can legally engage in.
When selecting a CAEN code, it's crucial to take into account the nature of the goods and services you offer, along with the methods, processes, and production technology employed. Additionally, considering potential future ventures can help establish corresponding secondary CAEN codes.
In order to change or add a CAEN code, you will need to provide specific documents. It is also important to note that for any CAEN code chosen as an Authorized Natural Person, you will need to prove your training or professional experience in that field. This can be done through a diploma or certificate attesting to your academic training, or a reference letter from a former employer attesting to your experience.
Find your CAEN code automatically with Ava:
Identifying the Main and Secondary CAEN Codes for Your Business
When establishing a business, it is crucial to pinpoint the primary and secondary CAEN codes that align with the operations you'll be conducting. The primary CAEN code signifies the central activity of your enterprise, whereas the secondary codes denote auxiliary activities.
To identify the correct CAEN codes for your business, you need to consider the nature of the goods and services you provide, the use of the products and services offered, and the means, process, and production technology. It is advisable to anticipate as accurately and as early as possible the activities you will carry out to establish the corresponding CAEN codes.
For example, if you're launching a marketing firm, you'll need to select the primary CAEN code that aligns with your core business, such as 7311 - Activities of advertising agencies. You may also need to select secondary codes that correspond to supporting activities, such as 7021 - Consulting activities in the field of public relations and communication or 7320 - Market research and public opinion polling activities.
It is important to note that each legal entity has a single main object of activity, represented by a CAEN code that is established in the organization's constitutive act, whether it is a PFA or SRL. However, you can add up to five secondary CAEN codes to your business.
To choose the correct CAEN codes for your business, you can consult the ONRC website, which provides a list of CAEN codes and their descriptions. It is also important to ensure that you have the necessary training or professional experience in the field of activity corresponding to each CAEN code you select.
In conclusion, identifying the main and secondary CAEN codes for your business is crucial for establishing your legal entity and ensuring compliance with regulations in Romania. Take the time to research and select the appropriate codes that correspond to your activities, and consider any future activities to establish the corresponding secondary codes.
CAEN Codes for Specific Industries
CAEN codes are crucial for any business in Romania, and selecting the appropriate ones can significantly impact your success. Below are some CAEN code examples for common industries:
Marketing
If you're launching a marketing firm, you'll need to select the appropriate CAEN codes to accurately represent your services. Here are some codes you may want to consider:
- 7311 – Activities of advertising agencies
- 7312 - Media representation services
- 5819 – Other editing activities
- 9003 – Artistic creation activities
- 7021 – Consulting activities in the field of public relations and communication
- 7022 – Business and management consulting activities
- 5813 – Newspaper publishing activities
- 5814 – Activities of publishing magazines and periodicals
- 7320 – Market research and public opinion polling activities
HoReCa
If you're in the hospitality industry, you'll need to choose the right CAEN codes to reflect your services. Some of the codes you might consider include:
- Hotel and other accommodation facilities: 5510
- Holiday accommodation facilities: 5,520
- Caravan parks, campsites and camps: 5530
- Restaurants: 5610
- Event catering activities: 5621
- Other food activities: 5629
- Bars and other beverage service activities: 5630
IT
If you're in the IT industry, you'll need to choose the right CAEN codes to reflect your services. Some of the codes you might consider include:
- Custom software creation activities: 6201
- Computer programming activities: 6202
- Computer consultancy activities: 6203
- Other information technology and computer service activities: 6209
Remember, choosing the right CAEN codes is essential for your business, so take the time to research and choose the ones that best reflect your services.
Reasons for Changing or Updating CAEN Codes
As your business grows and evolves, you may find that your current CAEN codes no longer accurately reflect the nature of your activities. In this case, it may be necessary to change or update your CAEN codes to ensure that they align with your current business operations.
There are several reasons why you might need to change or update your CAEN codes. For example, you may have expanded your product or service offerings, or you may have shifted your focus to a different area of your business. Alternatively, you may have realized that your current CAEN codes aren't providing the benefits you expected, such as access to specific grants or funding opportunities.
Whatever your reasons for changing or updating your CAEN codes, it is important to do so carefully and thoughtfully. This may involve consulting with a legal or financial expert to ensure that you are making the right decisions for your business. Additionally, you will need to ensure that you update your CAEN codes with the relevant authorities, such as the Trade Register, to avoid any legal or financial issues down the line.
Overall, changing or updating your CAEN codes can be a complex process, but it is an important step in ensuring that your business is accurately represented and positioned for success. By taking the time to carefully consider your options and seek expert advice where necessary, you can make the right decisions for your business and set yourself up for long-term growth and success.
CAEN Codes and Business Compliance
CAEN codes are an essential part of business compliance and reporting in Romania. They are a classification of the types of activities that a company can provide in Romania. The acronym CAEN stands for the Classification of Activities in the National Economy.
Establishing the CAEN code for each legal entity is mandatory. Each legal entity has a single main object of activity, represented by a CAEN code that is established in the organization's constitutive act, whether it is a PFA or SRL.
The identification of the CAEN code suitable for a business depends on the object of activity of a company. The main aspects that must be taken into account in order to identify the right CAEN code are the nature of the goods and services provided, the use of the products and services offered, and the means, process, and production technology.
It is advisable that when you establish your CAEN code for your business, you anticipate as precisely and as early as possible the activities you will carry out. When there is a possibility that in the future you will carry out other activities, it is good to have a clear picture of them in order to be able to establish the corresponding secondary CAEN codes.
In conclusion, understanding the importance of CAEN codes in business compliance and reporting is crucial for any entrepreneur or business owner in Romania. By choosing the right CAEN code, you can ensure that your business is compliant with the law and that you are reporting your activities accurately.
CAEN Codes and Business Financing
If you're a small business owner looking to secure funding or grants, it's important to understand how CAEN codes can affect your eligibility. CAEN codes are a classification system used to identify the types of economic activities that a business can provide in Romania.
Certain grants and funding programs may have specific eligibility requirements based on the CAEN codes associated with your business. For example, if you're in the HoReCa industry and looking to apply for a grant, you'll need to ensure that your business falls under one of the eligible CAEN codes listed in the program guidelines.
It's also important to note that the CAEN code listed in your business's constitutive act must match the activities you're actually carrying out. If you're providing services outside of your authorized CAEN codes, you may not be eligible for certain funding opportunities.
To ensure your business is eligible for grants and funding programs, it's crucial to choose the correct CAEN codes and ensure they accurately reflect your business activities. Additionally, it's important to stay up-to-date on any changes to eligibility requirements or new funding opportunities that may arise.
CAEN Codes and International Business
CAEN codes are not just significant for businesses operating within Romania but also hold a critical role in international trade. When engaging in business with foreign partners, it is imperative to ensure that the CAEN codes utilized are accurate and consistent with the nature of the activities undertaken.
In some instances, the CAEN codes employed in Romania might not be recognized or comprehended by international business partners. When this occurs, it could be essential to utilize global classification systems such as the North American Industry Classification System (NAICS) or the International Standard Industrial Classification of All Economic Activities (ISIC).
It is also important to note that different countries may have different classification systems, which can lead to confusion and misunderstandings. Therefore, it is crucial to research and understand the classification systems used by foreign partners to ensure that the correct codes are being used.
CAEN codes are of utmost importance in the realm of international business, and ensuring their accuracy and alignment with the undertaken activities is crucial. By comprehending the classification systems employed by foreign partners, businesses can steer clear of misunderstandings and guarantee seamless and efficient operations.