Choosing an OKVED code is the first step with which the activities of legal entities always begin. The designation is used for the all-Russian classifier of types of economic activity. It becomes an integral part of the national standardization of the Russian Federation, and is being developed by the Ministry of Economic Development. and should always choose codes that are suitable for the future field of activity. Regardless of the status, the numbers will always be the same. There are five numbers in total in the abbreviation.

The main thing in the banking sector is the redistribution and receipt of funds. An exception is revenues intended for social or compulsory insurance, pensions. All these activities are designated by code 64.

The group excludes such areas as management of state-owned property, compulsory social insurance together with state insurance, as well as insurance and activities for non-state provision of pensions.

Information about financial intermediation

Here are the numbers starting with 64. Next to them are usually ones. This group of codes was created specifically for organizations that control other financial institutions operating in the Russian Federation. Some of the most popular services here relate to:

• supervision of the activities of organizations;
• currency regulation and control on the territory of the Russian Federation;
• establishing rules for accounting reporting in Russia;
• publications, setting exchange rates;
• analysis and financial activities in our country.

There are other types of financial intermediation that are associated with issuing bank guarantees, servicing accounts of individuals and legal entities, and providing loans.

Holding companies

For them, the number 64 is also used. But after the dot in this case there are already twos.

The divisions that own the group’s assets organize their activities in this direction. Assets are needed to control the activities of the main office. Holdings do not provide services to the organizations they own.

Investment funds, similar associations

Here the next digit after 64 will be three. The activity involves attracting not only funds, but also other types of funds, which are owned by citizens. These funds and investments are subsequently combined and placed in the form of shares in some objects. Organizations do not receive money from services or sales of goods. It is formed only on the basis of investments that were placed previously.

This direction is tied to:

1. Open and joint-stock investment funds, mutual associations.
2. Investment trust and closed funds, trusts. In which management is carried out on behalf of the co-owners in connection with the relevant agreements concluded earlier. Wills or agency agreements also help control activities.

Registration of insurance, non-state pension funds

This group provides annual insurance on an ongoing basis. Clients are provided with direct and reinsurance, separately establishing rules for each type of service.

The usual code is 65.1 or 65.11. 65.12 is a combination that denotes insurance in the provision of medical services.

About the main structural features of the classifier

The OKVED directory contains a large number of codes. They were structured in the form of digital coding to make it easier to find suitable options. Let's take Y as a symbol to explain the meaning of the combinations:

• YY. YY. YY. - view;
• YY. YY. Y – subgroups;
• YY. Y – subclasses;
• YY – classes.

What exactly should you consider when choosing?

Only the use of the appropriate one allows you to legally engage in one or another type of activity. A situation is allowed when several notations are used at once. One of them becomes the main one, and the rest become additional.

Areas of activity of the company

For example, food products are sold. And this is the main area for an entrepreneur. Additional sales may include the sale of other goods such as clothing or household chemicals.

It doesn’t matter whether activities will be carried out using only one code or several at once. It is better to immediately select as many combinations as possible. This is especially important for those who plan to expand and develop further.

A few simple steps are enough to select the code:

1. Determination of the specific activities that will be carried out in practice.
2. Search the directory for the required section and subsection.
3. Selecting a class with subclasses and groups of a specific direction.
4. Final determination of the code, entry into the appropriate register or enterprise.

Changing or adding new code

A new code is required if additional items appear in the list of services. First you need to go to the tax office, where the individual entrepreneur was initially registered. There, a statement is drawn up requesting that the appropriate changes be made.

In this case, mandatory notarization is required. You cannot do without paying the state fee. When the procedure is completed, the entrepreneur will be given documents that will confirm the adjustments in practice.

Why are codes needed, their influence

The classifier is needed in order to facilitate activities. And providing documentation in certain areas of the economy. That is, it becomes easier to group types of businesses, depending on certain characteristics. Then it is easier for the tax service to determine which one is suitable for a particular applicant.

Among the functions performed by OKVED:

• Assistance in drawing up regulatory documentation. This is necessary to control the activities of companies at the state level.
• Unify data from registers and directories throughout the state.
• Collect information about all entities in order to properly maintain records.
• Conducting economic analysis, both within the state and abroad.
• Regulation of taxation in certain areas.

Only having the code will allow you to open an account with a banking institution and take part in tenders for large orders. This combination is indicated in almost all documents related to the company's activities.

Thanks to such regulatory bodies, it is easier to monitor all areas of the economy. They collect data to compile statistics and solve analytical questions. OKVED can affect the size of the authorized capital and the tax burden for a particular enterprise. Codes allow you to determine affiliation with a direction in a particular industry. They will also help you understand whether you need to obtain a license to carry out specific work or provide services.

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This page provides information from the OKVED classifier, edition 2 (OK 029-2014 NDES), which came into effect on June 28, 2016.
Before this date, when registering companies they used (OK 029-2001 (NACE Rev. 1))

OKVED 2 – section J – ACTIVITIES IN THE FIELD OF INFORMATION AND COMMUNICATIONS

This section includes:
- production and transmission of materials for informational and cultural purposes, provision of means of transmission and placement of these materials, as well as activities in the field of communications, information technologies and data processing technologies and other activities for the provision of information services

The main elements of this division are publishing activities, including software production (cluster 58), filming and sound recording (cluster 59), television and radio broadcasting activities (cluster 60), telecommunications activities (cluster 61), information technology (cluster 61). grouping 62) and other information services (grouping 63). Publishing activities include the acquisition of copyrights to the content of material (information products) and the dissemination of this content to the general public by organizing or participating in the reproduction and distribution of this content in various forms. All possible forms of publication (including printed, electronic and audio forms, the Internet information and communication network, the creation of multimedia products, such as directories on CD-ROM, etc.) are included in this section.

Activities related to the production and distribution of television and radio programs are included in groups 59, 60 and 61, which are devoted to various stages of this process. Individual elements, such as the production of motion pictures, television series, etc., are included in group 59, while the production of finished programs for television and radio channels from components produced within group 59 or other components (for example, live news programs) is included in grouping 60. Broadcasting of finished television and radio programs without any change in content is included in grouping 61. Such broadcasting, in accordance with the description of grouping 61, can be carried out through terrestrial terrestrial, satellite, cable television and radio broadcasting systems, wired radio broadcasting or using the information and communication network Internet.