The position paper highlights unnecessary barriers arising from the requirement to specify business activities in detail upon incorporation and the use of the National Classification of Activities (NKD) beyond its statistical purpose. AmCham proposes:

• allowing a general description of a company’s area of business and abolishing the requirement to submit a detailed list of unregulated activities;
• limiting the registration court’s review to legally relevant requirements for incorporation and regulated activities;
• eliminating sanctions against companies for carrying out permitted unregulated activities that are not individually specified in the court register;
• removing NKD classification from the company incorporation procedure or clearly defining its exclusively statistical role;
• enabling NKD classification and regular updates based on actual business activities, using data from the fiscalization system, e-invoices and other administrative sources.

The proposed changes would enable simpler and faster company incorporation, greater business flexibility and higher-quality statistical data, while retaining the required authorizations and specific requirements for regulated activities.