The new NACE Rev. 3 classification has entered into effect.

As of January 1st, a new NACE classification has entered into force, and all companies are required to align their object of activity with the new classification.

The changes include the merging of several activities into a single activity, the division of one activity into multiple activities, or simply the recoding of an activity.

Pursuant to the applicable legal provisions, entities registered with the Trade Register have the obligation to update their object of activity in accordance with the new classification, either through a standalone application or, at the latest, upon the registration of the first amendment submitted to the Trade Register. Please note that registration certificates and ascertaining certificates issued prior to January 1st, 2025, shall remain valid until the object of activity is updated.

Updating the object of activity may present a good opportunity to conduct a general review of the activities listed in the articles of association and assess whether it is necessary to retain all existing activities or to include new ones. On this occasion, we remind you that the current legislation no longer permits the inclusion in the articles of association of NACE codes other than those corresponding to activities actually carried out by the company.

In light of these changes, we recommend that the update of the object of activity be performed independently of any other procedures requiring registration with the Trade Register, in order to avoid delays or potential impediments to such procedures.

Furthermore, we draw attention to the fact that the reclassification may impact authorizations issued based on a NACE code subject to modification, which may necessitate their update or reissuance.