What is a Unique Entity Number(UEN)?
A Unique Entity Number is a unique 9 or 10 digit identification number issued by Accounting and Corporate Regulatory Authority (ACRA) to business entities and other entities in Singapore. It is used to identify and track entities for various administrative purposes, such as filing taxes, applying for government grants, and registering for various services.
Unique Entity Number (UEN) is also used to identify entities in the Singapore Business Register, which is a public database of all registered businesses in Singapore.
Benefits of having a UEN for businesses and entities in Singapore
Having a Unique Entity Number is essential for doing business in Singapore. It provides numerous benefits to businesses and entities, such as:
– Ease of registration: With a UEN, businesses can easily register with the government and other organizations, eliminating the need for multiple registrations.
– Efficient tax filing: A UEN allows businesses to file taxes online, making the process more efficient and convenient.
– Access to government grants: Many government grants require businesses to have a UEN before they can apply. Having one ensures that businesses do not miss out on funding opportunities.
– Enhanced credibility: A UEN provides legitimacy to a business or entity and enhances its credibility in the eyes of stakeholders, including customers, suppliers, investors, and regulators.
Having a Unique Entity Number also enables businesses to participate in government tenders and contracts, open bank accounts, apply for licenses & permits, and access various government services. Overall, having a UEN is crucial for any business or entity operating in Singapore.
Is there a way to search for a Unique Entity Number?
Singapore government directory search allows you to search UEN of your company or another company online. It will display the UEN, company name, status, issuance agency, entity type, and partial address. In other words, it also lets you know if a company is active.
Searches are available regardless of whether the entity is registered with ACRA or another government agency.
Types of Unique Entity Number
There are several types of UENs available for businesses and entities in Singapore. The most common type is the ACRA issued UEN, which is assigned to all registered businesses and companies. Other types include:
– Ministry of Education (MOE) UEN: Assigned to educational institutions
– Central Provident Fund (CPF) UEN: Assigned to employers who contribute to their employees’ CPF accounts
– Inland Revenue Authority of Singapore (IRAS) UEN: Assigned to entities that file taxes with IRAS
Each type of UEN serves a specific purpose and allows for efficient tracking and identification of entities in their respective areas.
It’s important for businesses and entities to ensure they have the correct type of UEN assigned to them based on their activities and operations. This helps ensure smooth operations, compliance with regulations, and access to government services and benefits.
How to Apply for a Unique Entity Number
If you’re starting a new business or entity in Singapore, you’ll need to apply for a UEN. There is a relatively simple application process that can be completed online through the portal. Here are the steps you’ll need to follow:
- First, you need to make sure that you have all the required documents for your application. These may include your company’s memorandum and articles of association, address proof, and identification documents for your directors and shareholders.
- Next, log in to the BizFile+ portal using your SingPass or CorpPass account.
- Select “New Business Entity Registration” and fill out the necessary information about your business or entity.
- Upload all required documents and pay the application fee.
- Wait for ACRA to review your application and issue your UEN.
The process typically takes around 15 minutes for most businesses and entities but may take longer if additional documentation is required or there are issues with your application.
It’s important to note that certain types of businesses may require additional permits or licenses before they can apply for a UEN. For example, food establishments must first obtain a license from the National Environment Agency (NEA) before registering their business with ACRA.
Following these steps and ensuring you have all the necessary documentation will help you apply for a UEN and start running your business in Singapore.