What areas of activity should we choose?

The new law on companies stipulates that a business association may engage in any activity that is not prohibited or restricted by law. Unlike previously, it is therefore not mandatory to define the scope of activities in accordance with TEÁOR.

The law governing companies stipulates that the main activity of the company must be defined, as well as its additional areas of activity, using the TEÁOR nomenclature in force at the time.

Our recommendation is not to include too many areas of activity, as this will only make the articles of association unclear. In any case, modifying areas of activity has become much simpler; today, they can be modified by simply notifying the tax authority, without the need to amend all the documents filed with the commercial court.