UEN stands for Unique Entity Number, which is a unique identification number assigned to entities registered in Singapore. It is a 9-character alphanumeric code issued by the Accounting and Corporate Regulatory Authority (ACRA), Singapore's national business registration agency.
The UEN serves as a universal identifier for all business entities, including companies, partnerships, sole proprietorships, and limited liability partnerships, operating or incorporated in Singapore. It replaces the previously used registration numbers like ACRA registration number, Business Registration Number, and Company Registration Number. The implementation of UEN has helped streamline business identification and regulatory processes in Singapore.
The UEN contains specific information about the entity it represents. It consists of a combination of letters, numbers, and two checksum characters. The first two digits usually represent the entity type, followed by six unique characters, and the last character as a checksum for data validation.
UEN is an essential tool for regulatory compliance, enabling easier identification and tracking of businesses by government authorities, financial institutions, suppliers, and customers. It simplifies administrative procedures, such as registration, licensing, taxation, and corporate reporting. The UEN also facilitates electronic transactions, enhances transparency in the business environment, and helps prevent fraudulent activities.
Overall, UEN plays a vital role in Singapore's business ecosystem, ensuring a robust and efficient identification system for entities operating within the country's jurisdiction.
