From July 11, 2016 onwards new OKVED (All-Russian classifier of types of economic activity) codes assigned as per the Russian Classification of Economic Activities will be used for state registration of legal entities and individual entrepreneurs. OKVED codes have been changed by Order No. ММВ-7-14/333@ issued by the Federal Tax Service of Russia on May 25, 2016. This order entered into force on June 28, 2016.

Russian Classification of Economic Activities code OK 029-2001 (OKVED NACE Rev. 1) should be used until July 11, 2016 in applications for state registration of legal entities and individual entrepreneurs.

New OKVED with breakdown

Russian Classification of Economic Activities code ОK 029-2014 (OKVED 2 NACE Rev. 2) will need to be used from July 11, 2016 onwards.

The types of economic activities of legal entities and individual entrepreneurs recorded in the State Register of Legal Entities and State Register of Individual Entrepreneurs before July 11, 2016 will automatically be brought in line with OKVED NACE Rev. 2 with conversion keys between OKVED NACE Rev. 1 and OKVED NACE Rev. 2 developed by the Russian Ministry of Economic Development.

Our legal department would be pleased to assist with any legal issues that you may have.