NACE Codes: How to Choose the Right One for Your Business

Everything depends on the correct choice of codes: from opening an account to paying taxes

The NACE code is the official classification of economic activities in Turkey. It determines your company's profile for banks, tax authorities, and government agencies. An error during registration may result in account denial, transaction blocks, and additional questions from the compliance department.

Why choosing a NACE code is critical

• The bank compares the company's turnover with the declared type of activity
• The tax authorities are assessing the correctness of the application of rates and regimes
• MASAK analyzes operations based on business profile
• Some activities require licenses

Common mistakes

• Choosing a code that is too general "just in case"
• Specifying a code that does not correspond to the actual operating model
• No additional codes when expanding your business
• Using a trading code in an agency model

How to choose the correct code

• Determine the real income model: trade, agency, services
• Сопоставить планируемые обороты и географию операций
• Consider the bank's requirements for opening an account
• Check if licensing is required
• Add auxiliary codes if necessary

Strategic approach

A NACE code is not a formality, but the foundation of a company's compliance profile. It should reflect the actual economic model, not a declarative description of the business. Properly selected codes reduce the risk of blocking, simplify banking procedures, and ensure proper tax administration.