Standard Industrial Classification Code - SIC

The SIC system is used for classifying industries by a four-digit code. SIC is the acronym of Standard Industrial Classification. It has four levels: section (identified by a letter), division, group an class.

Several governmental departments uses SIC Codes in their reports. It can be necessary for legal or administrative purposes to classify a company with its SIC code.

The first two digits of SIC code represent the major industry sector. The third digit describes the sub-classification. The fourth digit describes the specialization.

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