ACRA Introduces Special UENs (SUNs)
With effect from 9th February 2018, Singapore business and corporate entity owners can choose a Special Unique Entity Number (known as a Special UEN, or ‘SUN’) for their new venture.
Until now, there has been no way to know, or choose, a UEN in advance – a UEN is the ACRA-issued identifying ID for a business/corporate entity, which is used for all official trade and government transactions i.e. license registration, tax filing.
Usually, all business and corporate entities are automatically issued with a system generated UEN at the point of their incorporation, registration, or entity conversion. As to whether the number combination of a UEN turns out to be culturally auspicious or unlucky; memorable or forgettable, this has always been down to pot luck!
However, for a fee, you can now choose to have a Special UEN (SUN) from a list of ACRA-reserved UENs, which have been classified into two categories based on perceived consumer appeal (with special attention to Chinese cultural practices), and with a corresponding price tag attached.
The 2 categories of SUNs available are:
SUNs are very limited in number and subject to availability, so it is a case of ‘get one while they last’.
Do let us know if you would like to have a Special UEN when setting up your Singapore Company or Business.