Trade means the business under the Trade Licensing Act, it is therefore a narrower term than business in general, this is just the business run under the Trade Licensing Act.
Business activity excluded from the scope of Trade Licensing Act by special regulations is not a trade. Activity excluded from the scope Trade Act or activity uncontrolled by any law, even if the profession is not listed in Annexes of the Trade Licensing Act, is the trade and in this respect the Trade Licensing Act is subsidiary general arrangement for business conditions.
Activities that are not trades - an exhaustive list of § 3 and 4 Trade Act
- Business performed only by natural persons (e.g. freelancers)
- Business usually performed only by legal persons (such as state monopoly, banking, insurance, the so-called primary production)
- Rental properties, apartments and commercial space is a trade, only if in addition to the rent the landlord also provides other than basic services covering the proper operation of real estate, residential and commercial space (§ 4 Trade Licensing Act)