Update of the Classification of Activities in the National Economy – NACE Rev. 3 | LegalFlash 116


Effective January 1st, 2025, will be implemented the new Classification of Activities in the National Economy, NACE Rev. 3, as approved by Order No. 377/2024. This update aims to align the national classification with the Nomenclature of Activities used within the European Community (NACE Rev. 2.1). 

The review of the classification of activities in the national economy did not result in a complete modification of the NACE codes.

Although significant, the differences between NACE Rev. 2 and NACE Rev. 3 codes do not entail a complete overhaul of the previous classification. Primarily, there are NACE codes where a more detailed breakdown of activities is necessary, resulting in a single NACE code being divided into multiple activities, or there are instances where multiple activities have been consolidated into a single activity.

We mainly identify the following situations:
a. Dividing a NACE code into two or more NACE codes;
b. Total or partial merging of two or more NACE codes into a single NACE code, new or existing;
c. Recoding an existing NACE code without changing its content;

At this moment, a proposal for an Order has been initiated regarding the method of alignment with the new classification. This document proposes:

  • For companies to be established after January 1st, 2025, the new classification will be used from the moment of registration;
  • For companies already registered in the Trade Register, the update of the object of activity according to NACE Rev. 3 will be carried out upon submitting a registration application concerning the update of the object of activity or upon registering another mention in the trade register.

The same proposal establishes that registration certificates and certificates of ascertaining issued prior to the entry into force of the Rev. 3 classification will remain valid until the object of activity is updated.

We draw attention to the fact that, following the update of the object of activity in relation to the new NACE codes, it may be necessary to update the company's authorizations and licenses. Therefore, we recommend reviewing the authorizations and licenses held by the company to assess the need for any updates.

We also recommend assessing the opportunity to update the CAEN codes included in the company’s scope of activity as a separate operation. This approach could help prevent possible delays or obstacles in carrying out other important corporate operations within the company’s ongoing activities.