Business Account - SIC Code Change?

Help & FAQs
1

Hi,

I am interested in opening business account under a limited company based in Scotland to invest some free cash into the market for passive income / growth.

Is there a requirement to change the company’s SIC code for compliance as this would now be considered as investing?

Thanks.

2

I am in a similar state, and I don’t think so. I understand that you will be investing surplus cash and still sticking to your core business. Unless you become an investment company, I don’t see the need to change SIC code.