A NACE code assigns companies to a specific economic activity. "NACE" stands for Nomenclature statistique des activités économiques dans la Communauté européenne (Statistical Classification of Economic Activities in the European Community). The code is used across Europe to classify industries.
Why is the NACE Code important?
Authorities, banks, and tax offices use the NACE code to categorize companies by industry. It plays a role in registrations, tax documents, and statistical surveys.
Is the NACE Code always explicitly mentioned?
Not always. Instead of "NACE Code," forms often use terms like:
Industry
Economic activity classification
WZ Code (in Germany)
Activity description
In Germany, the WZ Code is directly based on the European NACE Code.
Where can I find my NACE Code?
In your business registration documents
In the tax registration questionnaire
In official documents from authorities
In public databases, e.g., from statistical offices or chambers of commerce
Good to know:
When selecting your code, base it on your main economic activity. If you are unsure, your local trade office or a tax advisor can assist you.