Number of PFA and individual businesses activities will be limited as of January 16

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The number of activities according to the CAEN code, as well as the number of employees to be hired by an authorized person (PFA) or by an individual enterprise (II) will be limited as of January 16, 2017, the National Trade Register Office (ONRC) informs on its website.

“The main amendments relate to the maximum number of employees and number of activities that PFA/II may have as object of activity. Thus, article 16 paragraph (1) provides that ‘the PFA can have as activities no more than 5 classes of activities provided by the CAEN code’, whereas article 24 paragraph (1) states that ‘the individual enterprise can have as objects of activity no more than 10 classes of activities provided by the CAEN code,” the release reads.

In terms of number of employees, article 17 paragraph (1) provides that “the PFA can carry out activities for which it is approved alone or with no more than 3 persons employed by the employer on individual employment contract, concluded and registered under the law.”

The individual enterprise may hire no more than 8 employees, third parties, on individual employment contract concluded and registered under the law and may establish contractual relationships under the law.

“Authorized persons and individual businesses will require the Trade Register Office the change, accordingly, of the terms in the trade registers within two years after the entry into force of the law. According to paragraph 4, the amendments related to the object of activity and the issuing of new registration certificates are to be done, based on requests, by the trade register, free of charge,” ONRC informs.

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