Change of Business Activity Codes (KVED) of a Legal Entity

VINCO’S Legal Company assists clients with changing the business activity codes of legal entities in the Unified State Register, selecting the correct KVED codes, preparing documents, arranging signing, and supporting the state registration of changes.

KVED is a business activity code reflected in the registration data of a legal entity in the Unified State Register. Correct KVED codes are not only a formality: they may affect tax matters, licensing, tenders, banking compliance, and how counterparties assess the company.

A change of KVED codes may be required when a company launches a new business line, changes its main activity, participates in a tender, changes its business model, plans to obtain a licence, starts working with new counterparties, or needs to bring its registration data in line with its actual operations.

KVED codes reflect the company’s types of economic activity in the Unified State Register. They are used for tax records, banking compliance, public procurement, licensing, contracts, and counterparty checks.

If the company carries out activities that do not correspond to its registered KVED codes, this may raise questions from banks, counterparties, tax authorities, licensing authorities, or tender customers.

• Correct code selection. It is important not just to add a similar code, but to select the KVED code that actually corresponds to the company’s activity.
• Main KVED code. If the new business line becomes the key activity, the main business activity code may need to be changed.
• Company charter. If the charter directly lists the company’s activities, it is necessary to check whether a new version or amendments are required.
• Tax system. For single tax payers, VAT payers, or companies with a special tax regime, it is necessary to check whether the new KVED creates tax risks.
• Licences and permits. Certain activities require a licence, permit, notification, or special operating conditions.
• Banks and counterparties. After updating KVED codes, it may be advisable to notify the bank, key counterparties, tender customers, or partners if this is relevant for contracts or compliance.
• Public data. The new KVED codes should be verified in the Unified State Register after state registration is completed.

• questions during banking compliance or financial monitoring;
• difficulties or refusal to participate in tenders due to mismatch of registered activities;
• counterparty claims regarding inconsistency between company activity and registration data;
• tax risks for single tax payers or companies with special regimes;
• risk of carrying out an activity that requires a licence or special permit;
• inconsistency of data in the Unified State Register, contracts, bank forms, licensing documents, and the company website.

1. Consultation on changing KVED codes and identifying the purpose of the changes.
2. Analysis of the company’s actual activity, business model, and planned areas of work.
3. Selection of the main and additional KVED codes according to the classifier.
4. Review of the charter and determination of whether a new version is required.
5. Preparation of minutes or a participant’s decision, application, and other documents.
6. Arranging the signing of documents and notarization of signatures, if required.
7. Filing documents with the state registrar or notary.
8. State registration of the change of KVED codes in the Unified State Register.
9. Verification of updated registry data and practical recommendations on further actions.

• current version of the charter in electronic format;
• extract or current information from the Unified State Register;
• details of company participants: passport and taxpayer number for individuals, or registration code for legal entities;
• information about the actual activity of the company and new business lines;
• preferences regarding the main KVED code, if it must be changed;
• information about the company’s tax system;
• existing licences, permits, tender requirements, or special statuses, if any;
• information about the director or person authorized to sign documents.

VINCO’S lawyers will help select the correct KVED codes for the actual or planned activity of the company, review the charter, prepare corporate and registration documents, arrange signing, support the state registration of changes, and provide practical recommendations on tax, banking, licensing, and contractual consequences of changing KVED codes.