6499
Other financial intermediation n.e.c., except insurance and pension funding activities
This code covers financial activities not classified elsewhere, such as factoring, consumer lending by non-bank entities, or alternative investment fund management. Basically, it includes any financial intermediation that is not insurance, pension, or classic banking. It is useful for companies that provide financing or specialized financial services without being banks.
Entrepreneur Profile
Acest cod este potrivit pentru SRL-uri sau PFA-uri care desfășoară activități financiare specializate, cum ar fi firmele de factoring, casele de amanet, brokerii de credite nebancari, sau administratorii de fonduri de investiții alternative. De asemenea, este util pentru fintech-uri care oferă credite rapide sau servicii de plată.
Who should avoid:
Avoid the exclusive use of code 6499 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 6499
For registration with the Trade Register (ONRC) of an LLC with CAEN code 6499, the standard incorporation file must be submitted, with the obligation not to use names that suggest banking or insurance activities. It is necessary to complete the affidavit according to Law 359/2004, whereby the administrator confirms fulfillment of operating conditions, including those specific to financial intermediation. CAEN code 6499 is considered high fiscal risk, therefore when opening the bank account the company must present the constitutive act and proof of registration with the Trade Register, and the bank may request additional documents regarding the source of share capital.
Regulatory framework, specific approvals and control institutions
Companies operating under CAEN code 6499 are not subject to authorization by the National Bank of Romania or the Financial Supervisory Authority, provided they do not carry out activities of attracting deposits or direct lending. However, if the activity involves managing third-party funds, the provisions of Law 209/2019 on payment services and GEO 99/2006 on credit institutions apply. Checks by the Tax Authority (ANAF) target the correct classification of income – differences between non-insurance financial intermediation and insurance may generate different tax treatments. The fight against money laundering control body may require implementation of adequate internal procedures.
Tax management, ANAF audit risk and specific accounting
Income from non-insurance financial intermediation activity is declared in the monthly statement 394 and in the RO e-Factura system. The VAT tax base is the commission collected, and VAT exemption can be applied only for transactions expressly provided by the Fiscal Code, art. 292 (1) letter a. For corporate income tax, protocol and marketing expenses are deductible within limits. The major risk of ANAF audit consists of reclassifying income as interest or insurance, which attracts tax increases and penalties. Accounting must reflect each intermediation operation distinctly, with supporting documents kept for at least 10 years. Filing the single declaration for income obtained by associates is done by May 25 inclusive.
Included Activities
- ✅ Factoring
- ✅ Consumer lending by non-bank entities
- ✅ Alternative investment fund management
- ✅ Financial intermediation activities n.e.c., such as credit brokerage
- ✅ Credit card issuing
- ✅ Pawnbroking activities
- ✅ Financial leasing activities (if not classified under 6491)
- ✅ Clearing and settlement activities
Excluded Activities
- ❌ Insurance and pension funding activities (code 65)
- ❌ Bank lending activities (code 64)
- ❌ Monetary intermediation activities (code 64)
- ❌ Trusts and funds activities (code 6430)
- ❌ Insurance brokerage activities (code 6622)
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 6499?
It depends on the specific activity. For factoring or non-bank lending, registration with the NBR Register is required, and for alternative investment fund management, authorization from the ASF. Always check the specific legislation.
Can I carry out consumer lending activities under this code without being a bank?
Yes, but you must register with the NBR as a non-bank financial entity and comply with Law 93/2009 regarding non-bank financial institutions. Also, you are subject to consumer lending regulations.