6419
Other monetary intermediation activities
This code covers monetary intermediation activities not classified elsewhere, such as currency exchange operations, issuing prepaid cards or managing electronic payments. Essentially, companies that facilitate money transfers or provide auxiliary financial services, without being classic banks, fall under this. It is suitable for companies that act as intermediaries between capital holders and those in need of liquidity, but do not attract deposits from the public.
Entrepreneur Profile
Acest cod este destinat firmelor care oferă servicii financiare alternative, cum ar fi casele de schimb valutar, emitenții de carduri preplătite, platformele de plăți online, companiile de transfer de bani (Western Union, MoneyGram) și fintech-urile care nu sunt bănci. De asemenea, este util pentru SRL-uri care desfășoară activități de factoring sau emit monedă electronică.
Who should avoid:
Avoid the exclusive use of code 6419 if the main activity of your company shifts towards other commercial or related branches not specified in the official description. See the excluded activities section below.
Authorization procedure and Trade Register aspects for CAEN 6419
The establishment of a company carrying out monetary intermediation activities (CAEN code 6419) follows the standard procedure at the Trade Register (ONRC), but has essential particularities. At registration, a sworn statement according to Law 359/2004 is submitted, whereby the administrator confirms compliance with legal conditions. For CAEN 6419, no prior approvals from the National Bank of Romania (BNR) or the Financial Supervisory Authority (ASF) are required at incorporation, as this class includes activities that do not involve attracting deposits or issuing currency. The main object of activity must be drafted exactly as in the Classification of Activities in the National Economy: 'Other monetary intermediation activities'. It is recommended to include secondary objects detailing specific services (settlements, transfers, currency exchange operations, payment system administration).
Regulatory framework, specific approvals and control institutions
Activities under CAEN 6419 are mainly regulated by Government Emergency Ordinance No. 99/2006 on credit institutions, but also by Law No. 207/2015 on the Fiscal Procedure Code and BNR regulations. BNR authorization is not required for strictly auxiliary monetary intermediation operations (such as clearing and settlement services), but any activity involving attracting deposits or granting credit falls under CAEN 6411 and requires BNR authorization. The main control institution is the National Bank of Romania (BNR) for prudential supervision, while the Tax Authority (ANAF) controls compliance with tax obligations. Companies carrying out fund transfers or issuing electronic money must obtain BNR approval. For other activities (clearing, payment system administration), a BNR notification is required, but not prior authorization.
Tax management, ANAF audit risk and specific accounting
From a tax perspective, income from monetary intermediation qualifies as income from services and is taxed at the standard rate of 16% (or 1%/3% for micro-enterprises, if conditions are met). Companies carrying out currency exchange operations must report transactions in the RO e-Factura system and declare threshold exceedances (EUR 10,000/day) to ANAF. The risk of ANAF audit is high due to the specific nature of monetary operations: they verify the correct registration of the tax vector, submission of declarations (D101, D300, 394), and the existence of supporting documents for each transaction. Accounting must separately reflect intermediation operations (revenue accounts 704) and related expenses. It is recommended to use an adjusted chart of accounts to highlight daily cash balances and settlements. The obligation to report beneficial owners (Beneficial Owners Register) is mandatory; non-compliance attracts fines from RON 5,000 to 50,000. For currency exchange operations, BNR Regulation No. 4/2006 applies and documents must be kept for at least 5 years.
Included Activities
- ✅ Currency exchange operations
- ✅ Issuing and administering prepaid cards
- ✅ Money transfer services (remittances)
- ✅ Monetary intermediation activities through electronic platforms
- ✅ Managing mobile payments and electronic wallets
- ✅ Payment clearing and settlement activities
- ✅ Factoring operations (purchase of receivables)
- ✅ Issuing electronic money (if not a bank)
Excluded Activities
- ❌ Classic banking activities (attracting deposits and granting loans) - code 6419 does not include banks
- ❌ Insurance and pension fund activities
- ❌ Financial intermediation activities involving securities (code 6612)
- ❌ Mortgage lending activities (code 6492)
- ❌ Financial leasing activities (code 6491)
Similar or Related CAEN Codes:
From the same category of economic activities:
Întrebări Frecvente
What authorizations are needed to carry out activities under CAEN code 6419?
For monetary intermediation activities, registration with the National Bank of Romania (BNR) as a payment institution or electronic money issuer is required, according to Government Emergency Ordinance (OUG) 113/2009. Also, for currency exchange, a BNR authorization is required. Companies must meet minimum capital requirements and implement anti-money laundering measures.
Can I carry out lending activities under this CAEN code?
No, code 6419 does not include lending activities (granting loans). For lending, code 6492 (Other credit activities) is used. If you wish to grant loans, you must register with the BNR as a non-banking financial institution (IFN).