{"id":1136,"date":"2023-05-11T09:06:00","date_gmt":"2023-05-11T09:06:00","guid":{"rendered":"https:\/\/opencompanysingapore.com\/how-to-choose-your-preferred-uen-identification\/"},"modified":"2023-06-13T14:14:58","modified_gmt":"2023-06-13T14:14:58","slug":"how-to-choose-your-preferred-uen-identification","status":"publish","type":"post","link":"https:\/\/opencompanysingapore.com\/how-to-choose-your-preferred-uen-identification\/","title":{"rendered":"How to Choose Your Preferred UEN Identification"},"content":{"rendered":"\n<p>The&nbsp;<strong>company registration procedure in Singapore<\/strong>&nbsp;implies several steps, among which one of the most important is for a business to have a&nbsp;<strong>Unique Identity Number<\/strong>, shortly referred to as&nbsp;<strong>UEN<\/strong>. This number is issued by the Accounting and Corporate Regulatory Authority (ACRA) once the&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/general-guide-to-company-incorporation-singapore\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Singapore company formation procedure<\/strong><\/a>&nbsp;is complete.<\/p>\n\n\n\n<p>The&nbsp;<strong>UEN number<\/strong>&nbsp;serves&nbsp;<strong>Singapore companies<\/strong>&nbsp;when completing various transactions with government agencies and institutions. Starting with 2018,&nbsp;<strong>Singapore companies<\/strong>&nbsp;can opt for&nbsp;<strong>preferred UEN numbers<\/strong>&nbsp;in exchange for a fee.<\/p>\n\n\n\n<p>Below, our&nbsp;<strong>agents in Singapore<\/strong>&nbsp;explain how&nbsp;<strong>to choose a preferred UEN number<\/strong>&nbsp;for a company registered in the city-state. We can help you&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>open a company in Singapore<\/strong><\/a>&nbsp;and&nbsp;<strong>choose your preferred UEN identification number<\/strong>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #002e5b;color:#002e5b\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #002e5b;color:#002e5b\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/opencompanysingapore.com\/how-to-choose-your-preferred-uen-identification\/#the-purpose-of-the-uen-for-singapore-companies\" title=\"The purpose of the UEN for Singapore companies\">The purpose of the UEN for Singapore companies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/opencompanysingapore.com\/how-to-choose-your-preferred-uen-identification\/#singapore-companies-which-can-apply-for-special-uen-numbers\" title=\"Singapore companies which can apply for Special UEN numbers\">Singapore companies which can apply for Special UEN numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/opencompanysingapore.com\/how-to-choose-your-preferred-uen-identification\/#steps-for-obtaining-a-special-uen-in-singapore\" title=\"Steps for obtaining a special UEN in Singapore\">Steps for obtaining a special UEN in Singapore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/opencompanysingapore.com\/how-to-choose-your-preferred-uen-identification\/#types-of-special-uen-numbers\" title=\"Types of special UEN numbers\">Types of special UEN numbers<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"the-purpose-of-the-uen-for-singapore-companies\"><\/span><strong>The purpose of the UEN for Singapore companies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The&nbsp;<strong>UEN<\/strong>&nbsp;is an identification marker which gives legitimacy to a&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/open-a-business-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Singapore business<\/strong><\/a>. Those performing company searches in Singapore, no matter if they are clients or business partners of that company can verify a business\u2019 validity based on its UEN.<\/p>\n\n\n\n<p>The&nbsp;<strong>UEN<\/strong>&nbsp;is also used when completing various actions and transactions with government agencies in Singapore.<\/p>\n\n\n\n<p>At the beginning of 2018, ACRA decided to allow&nbsp;<strong>Singapore companies<\/strong>&nbsp;to&nbsp;<strong>choose preferred or special UENs<\/strong>, which are now known as&nbsp;<strong>SUN<\/strong>. The procedure of&nbsp;<strong>obtaining a SUN number&nbsp;<\/strong>is not different from that of&nbsp;<strong>obtaining a regular UEN<\/strong>.<\/p>\n\n\n\n<p>Our&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/about-us\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Singapore company formation advisors<\/strong><\/a>&nbsp;can offer more information on&nbsp;<strong>UEN and SUN numbers<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"singapore-companies-which-can-apply-for-special-uen-numbers\"><\/span><strong>Singapore companies which can apply for Special UEN numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are no restrictions when it comes to the types of companies which can apply for a&nbsp;<strong>Special UEN<\/strong>, also known as&nbsp;<strong>SUN<\/strong>. This number can be requested by limited liability companies and partnerships upon incorporation, but also upon the change of the business form. This means that a&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/how-to-change-your-business-structure-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>sole trader which has been converted into a limited liability company<\/strong><\/a>&nbsp;can also&nbsp;<strong>apply for a preferred UEN<\/strong>&nbsp;with ACRA.<\/p>\n\n\n\n<p>Our&nbsp;<strong>company formation specialists in Singapore<\/strong>&nbsp;can offer more information on the requirements related to&nbsp;<strong>obtaining a SUN<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"steps-for-obtaining-a-special-uen-in-singapore\"><\/span><strong>Steps for obtaining a special UEN in Singapore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are several steps which need to be completed when&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/the-unique-entity-number-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>selecting a preferred UEN number<\/strong><\/a>. These are:<\/p>\n\n\n\n<ol>\n<li>in order to obtain a SUN number, one must first incorporate a company with ACRA;<\/li>\n\n\n\n<li>before registering the company and obtaining the SUN number, the company owner must set up an account with Bizfile;<\/li>\n\n\n\n<li>the SUN number is selected upon the filing of the company incorporation documents;<\/li>\n\n\n\n<li>the fee related to the preferred UEN number must be paid together with the other company registration fees;<\/li>\n\n\n\n<li>the SUN can also be applied for when converting a business form into another one following the same steps as when registering a new company.<\/li>\n<\/ol>\n\n\n\n<p>There are two&nbsp;<strong>types of special UEN numbers<\/strong>: the Tier 1 and Tier 2 types.<\/p>\n\n\n\n<p>If you want to&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/company-registration-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>open a company in Singapore<\/strong><\/a>&nbsp;and need advice on&nbsp;<strong>how to choose a UEN<\/strong>, our local consultants can guide you.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"types-of-special-uen-numbers\"><\/span><strong>Types of special UEN numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The&nbsp;<strong>Tier 1 SUN<\/strong>&nbsp;number implies choosing a pattern which includes the number 8 or which contains a sequence of consecutive numbers. The&nbsp;<strong>Tier 2 SUN<\/strong>&nbsp;number implies choosing a pattern which does not include number 8. The&nbsp;<strong>Tier 2 SUN<\/strong>&nbsp;can comprise a sequence of the same number.<\/p>\n\n\n\n<p>When&nbsp;<strong>selecting a preferred UEN<\/strong>, one must also consider the fees to be paid. For the Tier 1 preferred UEN, the fee is currently 3,000 SGD, while for the Tier 2 SUN, the fee is set at 1,000 SGD. For updated information, however, we kindly invite you to talk to our&nbsp;<strong>Singapore company formation consultants<\/strong>.<\/p>\n\n\n\n<p>Singapore is one of the most prolific economies in Southeast Asia. The services and retail industries represent the most&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/most-attractive-investment-industries-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>important economic sectors in Singapore<\/strong><\/a>; however, the Lion City is also one of best-known financial centers in the region. At the level of 2018, the financial and insurance industry accounted for 13% of the Singapore\u2019s economy.<\/p>\n\n\n\n<p>According to&nbsp;<a href=\"https:\/\/www.singstat.gov.sg\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>SingStat<\/strong><\/a>, in 2018 Singapore:<\/p>\n\n\n\n<ul>\n<li>&#8211; had a 491,175 million SGD Gross Domestic Product (GDP) which implied a 3.1% increase compared to GDP of 2017;<\/li>\n\n\n\n<li>&#8211; most of the city-state\u2019s income was generated by the manufacturing industry which represented 22% of its entire GDP;<\/li>\n\n\n\n<li>&#8211; wholesale and retail represented 17.6% of Singapore\u2019s Gross Domestic Product in 2018;<\/li>\n\n\n\n<li>&#8211; the business services sector accounted for 14.9% of Singapore\u2019s GDP last year;<\/li>\n\n\n\n<li>&#8211; other significant contributors to Singapore economy are transportation and storage (6.7% in 2018) and the IT&amp;C sector (4.1% at the level of 2018).<\/li>\n<\/ul>\n\n\n\n<p>For assistance in&nbsp;<strong>opening a company in Singapore and applying for a preferred UEN<\/strong>, please&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\">contact&nbsp;<\/a>our company registration representatives<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;company registration procedure in Singapore&nbsp;implies several steps, among which one of the most important is for a business to have a&nbsp;Unique Identity Number, shortly referred to as&nbsp;UEN. This number is issued by the Accounting and Corporate Regulatory Authority (ACRA) once the&nbsp;Singapore company formation procedure&nbsp;is complete. The&nbsp;UEN number&nbsp;serves&nbsp;Singapore companies&nbsp;when completing various transactions with government agencies and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1240,1239,8,11,1241],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Choose Your Preferred UEN Identification<\/title>\n<meta name=\"description\" content=\"You can choose a preferred UEN number for your Singapore company for a fee. 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