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Publication date: 01.05.2024
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KVED is a Classifier of types of economic activity. It is a code system used to classify different types of economic activity in different countries. KVED is used for standardization and classification of various spheres of economic activity, which helps in keeping statistics, analyzing and comparing data between different economic entities. Each KVED code consists of numbers and letters and reflects a specific type of activity or sector of the economy.
Adding a KVED code for your business may vary depending on the specific requirements and procedures in your country. Here is the general procedure for adding KVEDs:
Define your core business: First, you need to define exactly what business or services you offer.
Find the appropriate KVED code: Search the appropriate classifiers or databases for the code that best matches your activity. In many countries, this information can be found on the website of the national statistical office or the ministry of economy.
Contact the appropriate authorities: After finding the appropriate code, contact the appropriate authorities in your country responsible for licensing and registering businesses.
Submit an application: Submit an application for the addition of the KVED code along with all the necessary documentation and the relevant fees.
Wait for a decision: After submitting your application, you should wait for a decision from the relevant authorities. This process may take some time, so please be patient.
Get your KVED code: After your application is approved, you will be given a KVED code, which you can use when registering your business and in other documents.
As a sole proprietorship, the change of KVED can be made in accordance with the requirements of the legislation of your country. Here is the general order:
Check the requirements: Before starting the process of changing the KVED code, check the requirements and procedures established by the legislation of Ukraine.
Prepare the necessary documents: Usually, to change the KVED, you need to submit an application or appeal to the relevant authorities along with copies of documents confirming the necessary changes.
Contact the registration authority: Contact the state registration authority that is responsible for registering and keeping records of the FOP in your country.
Submit an application for a change of KVED: Submit an application or request for a change of KVED together with all the necessary documentation. This documentation may include copies of documents that confirm the need to change the KVED.
Wait for a decision: After submitting your application, you should wait for a decision from the relevant authority. This process may take some time.
Get a new KVED code: After your application is approved, you will be given a new KVED code, which you can use for further activities.
Removal of KVED. The procedure for removing (or canceling) an economic activity classification code (ACEC) for a limited liability company (LLC) may depend on the laws of your country and the specific conditions of your LLC. However, the general procedure may include the following steps:
Review your LLC's Articles of Incorporation: Before beginning your LLC's removal process, review your LLC's articles of incorporation and any terms that may require amendments to your LLC's LLC or removal process.
Prepare the necessary documents: A statement or decision from the founders of the LLC may be required to remove the KVED. Prepare all the necessary documents that confirm the need to remove KVED.
Contact the registration authority: Contact the state registration authority responsible for registering and keeping records of LLCs in your country.
Submit an application for removal of KVED: Submit an application or request for removal of KVED along with all necessary documentation. This documentation may include copies of the decision from the founders of the LLC and other documents confirming the need to remove the KVED.
Wait for a decision: After submitting your application, you should wait for a decision from the relevant authority. This process may take some time.
Confirm the deletion of the KVED: Once your application is approved, you will receive a confirmation of the KVED deletion, and the code will be removed from your LLC's registration documents.
Contact an experienced corporate lawyer or an attorney with knowledge of your business industry for legal assistance on KVED and related matters: business registration, LLC registration, company registration, change of company address, etc.
