2732

Authorization procedure and Trade Register aspects for CAEN 2732

When establishing a company that will carry out the activity of manufacturing other electrical and electronic wires and cables (CAEN 2732), the first step consists of registering with the Trade Register (ONRC). The registration application must include the main object of activity as CAEN code 2732, along with any related secondary codes. According to Law 359/2004, the founders must submit a sworn declaration that the activity complies with the legal operating conditions, and for this code, no prior approvals from ONRC are required. However, depending on the specifics of the production process (e.g., processing of plastics, use of solvents), environmental or consumer protection permits may be required. If raw materials are imported, a fiscal registration code will be requested and the corresponding fiscal vector must be declared. For companies that only trade cables, we recommend verifying the correctness of the CAEN code (possibly 4652 - Wholesale of electronic components).

Regulatory framework, specific permits and control institutions

The activity of manufacturing electrical cables is regulated by technical standards harmonized at European level (e.g., SR EN 50525, SR EN 60228, SR EN 60332). The main control authority is the Territorial State Inspectorate for the Control of Boilers, Pressure Vessels and Lifting Equipment (ISCIR), if the process involves pressure equipment. Production must also comply with directives on electromagnetic compatibility (EMC) and electrical safety. Required permits include: environmental authorization (if emissions exceed legal thresholds) and ISU fire safety approval. Finished products may be subject to voluntary or compulsory certification (CE marking). It is recommended to consult a lawyer specialized in commercial law and an environmental consultant to obtain the necessary authorizations before starting production.

Tax management, ANAF audit risk and specific accounting

From a fiscal perspective, the company will be liable for corporate income tax (or revenue tax if it qualifies as a micro-enterprise). The standard VAT regime (19% rate) applies to domestic sales, while exports are exempt. The major tax risk lies in the correct classification of products under tariff codes (NC 8544) for electrical cables, for determining customs duties and excise duties (if applicable). ANAF may verify the correct classification in the RO e-Factura system and RO e-Transport for the transport of raw materials and finished products. Accounting must separately reflect production costs (raw materials, labor, depreciation of machinery). It is recommended to use an analytical chart of accounts for inventories, given the technological specificities (wires, cables, insulations). Also, for relations with foreign suppliers, the status of taxable person must be checked and the correct VAT rate applied on imports. In the case of using precious metals (copper, aluminum), attention is drawn to the reporting obligations concerning precious metals (if applicable). To reduce audit risk, it is recommended to keep supporting documents for all transactions, including certificates of conformity, tax invoices and contracts.