A Business Registration Number (BRN) is a unique identifier issued by a government agency or a regulatory authority to a business entity at the time of its registration. This unique number serves as an official identifier for the business in the country of its registration and is used in official documents and transactions.
The BRN facilitates the tracking of businesses for taxation, regulation, and legal purposes. It is often required for various activities such as opening a bank account in the name of the business, filing tax returns, applying for business licenses, and completing other administrative tasks.
Different jurisdictions may have different names for the Business Registration Number. For instance, it might be called a Company Registration Number (CRN) in some places or an Employer Identification Number (EIN) in others.
Having a BRN also provides a level of transparency, allowing others to verify the legitimacy of a business. This number is typically publicly accessible through a business registry maintained by the government or the relevant authority, providing a valuable tool for due diligence processes.
It's worth noting that the process and requirements to obtain a BRN vary by jurisdiction and the type of business. These requirements could include providing details about the business, such as its legal structure, ownership, and contact information.
