A Guide to Obtaining a DUNS Certificate for Corporates in the UAE
Types of DUNS Certificates
This is the basic identification number assigned to a business entity for the purpose of establishing its unique identity in the global marketplace.
Corporates can opt for an enhanced DUNS number, which provides additional data and insights into their business operations, financial health, and creditworthiness.
Benefits of a DUNS Certificate for Corporates:
A DUNS certificate enhances your corporate credibility and visibility in the international business community, facilitating trust and confidence among potential partners, suppliers, and customers.
Many financial institutions and lenders worldwide require a DUNS number as part of their due diligence process when evaluating corporate creditworthiness and eligibility for financing.
In many countries, including the UAE, government agencies and departments may require a DUNS number as a prerequisite for bidding on contracts and participating in procurement processes.
- By providing a standardized and reliable means of identifying and verifying corporate entities, a DUNS certificate helps mitigate risks associated with fraud, non-payment, and business disputes.
Eligibility Criteria for Obtaining a DUNS Certificate
- Any corporate entity operating in the UAE, regardless of its size, industry, or ownership structure, is eligible to apply for a DUNS certificate.
Documents Required for DUNS Certificate Registration
Legal name, trading name (if applicable), business address, and contact details.
Recent financial statements, including balance sheets, income statements, and cash flow statements.
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Names, ages, and relationship to the testator of all beneficiaries mentioned in the will.
If applicable, details of nominated guardians for minor children.
Procedure for Will Registration
Corporates can apply for a DUNS certificate online through the official website of Dun & Bradstreet, the organization responsible for assigning DUNS numbers.
Upon receiving the application, Dun & Bradstreet will verify the corporate information provided and conduct due diligence to ensure accuracy and authenticity.
Once the application is approved, Dun & Bradstreet will assign a unique DUNS number to the corporate entity, which can be used for identification and verification purposes.
With the assigned DUNS number, corporates gain access to a range of DUNS services and products, including credit reports, business insights, and risk management tools.
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Conclusion
Obtaining a DUNS certificate is a strategic investment for corporates in the UAE seeking to expand their global footprint, enhance their credibility, and access new opportunities in international markets. By understanding the types, benefits, eligibility criteria, required documents, and registration procedure outlined in this guide, corporates can take proactive steps to obtain a DUNS certificate and unlock a world of business possibilities. Don’t miss out on the chance to elevate your corporate profile and seize global opportunities – apply for a DUNS certificate today!
