CAEN Code Rev. 3

7020

Business and management consultancy activities

EU NACE Equivalent: NACE Rev. 3 — 7020

CAEN code 7020 covers business and management consultancy services, including advice, guidance and operational assistance for organizations. Activities include strategic, financial, human resources, marketing and general management consultancy, helping companies optimize their performance and make informed decisions.

Entrepreneur Profile

Acest cod este destinat firmelor de consultanță, consultanților independenți, SRL-urilor care oferă servicii de consultanță în management, strategie, finanțe, resurse umane, marketing sau alte domenii de management. Este potrivit pentru antreprenori care doresc să ajute alte companii să își îmbunătățească performanța, să se dezvolte sau să rezolve probleme de business.

Who should avoid:

Avoid the exclusive use of code 7020 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 7020

To register CAEN code 7020 "Business and management consultancy activities" with the Trade Register (ONRC), the company must submit the standard incorporation or amendment file, depending on the stage. The main object of activity shall explicitly mention CAEN 7020, while any other legally permitted classes may be added as secondary objects. For authorized natural persons (PFA), a declaration on own responsibility is submitted in accordance with Law 359/2004 regarding the fulfillment of operating conditions. No prior approvals from other institutions are required for simple registration, except in cases where the activity involves financial, legal or real estate consultancy, which are subject to special regimes.

Regulatory framework, specific approvals and control institutions

CAEN code 7020 is not a strictly regulated activity, but the general rules regarding the exercise of the consultant profession apply, depending on the specifics. For financial consultancy, Law 129/2019 on preventing money laundering applies, requiring identification of beneficial owners and periodic reporting to the ONPCSB. For legal consultancy, lawyers are regulated by Law 51/1995, and tax consultancy by the status of the tax consultant (Law 101/1998). Relevant control institutions: Tax Authority (ANAF) (for taxation), Labour Inspectorate (ITM) (for labor relations), and in case of non-compliance with anti-money laundering obligations, substantial fines apply. Companies with code 7020 must declare their fiscal vector to the Tax Authority (ANAF) in accordance with the Fiscal Code, and if they carry out intra-community service transactions, registration for VAT purposes is required.

Tax management, ANAF audit risk and specific accounting

From an accounting perspective, consultancy income is recognized on a contractual basis, based on invoice and actual service provision. The Tax Authority (ANAF) will carefully analyze transfer pricing for transactions with related parties, which is a major risk for management-type consultancy. Transfer pricing documentation is mandatory for taxpayers exceeding legal thresholds. The risk of an ANAF audit is medium to high, as many consultancy firms underreport income or overstate deductible expenses (maintenance, travel, marketing services). The obligation to use the RO e-Factura system for all issued invoices, regardless of value, is in force starting from 2025. For PFA-s, income is taxed in accordance with the single declaration (income norm or real system), depending on the choice made at the Trade Register (ONRC). I recommend consultants keep strict records of hours worked and contracts, to withstand a possible ANAF control regarding the deductibility of expenses for premises, company car or telephones.

Included Activities

✅ Strategic management consultancy
✅ Financial and accounting consultancy
✅ Human resources consultancy
✅ Marketing and sales consultancy
✅ Production and operations management consultancy
✅ Quality management consultancy
✅ Risk management consultancy
✅ Mergers and acquisitions consultancy
✅ Restructuring and reorganization consultancy
✅ Innovation management consultancy
✅ Supply chain management consultancy
✅ Project management consultancy
✅ Change management consultancy
✅ Crisis management consultancy
✅ Sustainability management consultancy
✅ Performance management consultancy
✅ Talent management consultancy
✅ Compensation and benefits management consultancy
✅ Customer relationship management consultancy
✅ Information technology management consultancy (management aspects)
✅ Intellectual property management consultancy
✅ Compliance and regulatory management consultancy
✅ Internationalization management consultancy
✅ Innovation and research management consultancy
✅ Sustainability and corporate social responsibility management consultancy

Excluded Activities

❌ Accounting and auditing activities (code 6920)
❌ Information technology consultancy activities (code 6202)
❌ Legal consultancy activities (code 6910)
❌ Recruitment and placement activities (code 7810)
❌ Advertising consultancy activities (code 7311)
❌ Design consultancy activities (code 7410)
❌ Engineering consultancy activities (code 7112)
❌ Architectural consultancy activities (code 7111)
❌ Environmental consultancy activities (code 7490)
❌ Agricultural consultancy activities (code 7490)
❌ Education consultancy activities (code 8559)
❌ Health consultancy activities (code 8690)
❌ Tourism consultancy activities (code 7911)
❌ Real estate consultancy activities (code 6831)
❌ Insurance consultancy activities (code 6622)
❌ Investment consultancy activities (code 6619)
❌ Construction project management consultancy activities (code 7112)
❌ IT project management consultancy activities (code 6202)
❌ Research project management consultancy activities (code 7219)
❌ Development project management consultancy activities (code 7490)

Similar or Related CAEN Codes:

From the same category of economic activities:

View code CAEN 70 View code CAEN 701 View code CAEN 7010 View code CAEN 702

Întrebări Frecvente

What authorizations are needed to carry out activities under CAEN code 7020?

Generally, no special authorizations are required, but it is recommended to register with the Trade Register and, if applicable, obtain relevant professional certifications (e.g., project management certification).

Can I carry out business consultancy activities as an authorized natural person (PFA)?

Yes, CAEN code 7020 can also be used by authorized natural persons (PFA), subject to compliance with tax legislation and income reporting obligations.