Starting with January 1, 2025, an updated version of the Classification of Activities in the National Economy (NACE) – NACE Rev. 3.
What is new in the NACE Rev. 3 Classification?
1. Detailing of economic activities:
The new NACE codes are more specific, allowing for a better description of the activities carried out. For example:
• The old CAEN code 4789 for trade was detailed into 19 new codes.
• Online commerce activities, previously categorized generically, are now clearly defined.
2. Simplifying and merging similar codes:
Codes that described nearly identical activities were merged to reduce ambiguity and bureaucracy.
3. Expansion of the nomenclature:
The total number of CAEN codes has increased to 651, allowing better adaptation to modern activities such as digital services, specialized consulting or green technologies.
Why is it important to update your NACE codes?
Updating CAEN codes is mandatory for all companies in Romania that carry out economic activities. Failure to update can lead to legal problems or even blockages in the conduct of activities.
Impact on companies:
All companies in Romania must analyze the currently used CAEN codes and update them according to the new classification. This process involves:
1. Review of current codes: Verification of the activities carried out and their correlation with the new CAEN codes.
2. Updating the activity object: If current activities are no longer included in the new classification, companies must modify the object of activity registered with the Trade Register.
3. Consulting specialists: To ensure a smooth transition, it is recommended to collaborate with consultants specialized in the field.
If you need help, Organic Consulting offers complete CAEN update services, ensuring your company's compliance with 2025 regulations.
Update procedure:
According to the draft order developed by the Ministry of Justice and the National Trade Register Office, the updating of the scope of activity will be carried out gradually:
• At the company's initiative: Companies can request to update their NACE codes whenever they deem it necessary.
• Along with other changes: The update can be done simultaneously with the registration of other mentions in the trade register.
For companies requesting incorporation or registration in the trade register after January 1, 2025, the use of CAEN Rev. 3 codes is mandatory.
Recommendations for companies:
• Detailed internal analysis: Conduct a rigorous assessment of the activities carried out to identify correspondence with the new NACE codes.
• Updating legal documentation: Amend articles of incorporation and other official documents to reflect the new NACE codes.
• Informing the competent authorities: Make sure that all changes are properly registered with the Trade Register and other relevant institutions.
The implementation of NACE Rev. 3 represents an important step in the modernization of the Romanian economy and its alignment with international standards. Companies are encouraged to prepare in advance for these changes, ensuring that their activities are correctly classified and compliant with the new regulations.
For more details and a free assessment of your company's needs, contact Organic Consulting now! We simplify your CAEN update process so you can continue to focus on the success of your business.
