A unique identifier assigned to a business entity upon its incorporation or registration with a governing authority. This alphanumeric code serves as official documentation, distinguishing it from other entities within the jurisdiction. For example, a limited company may receive a number such as AB12345678 after completing the required registration process.
This identification is vital for transparency and accountability. It allows governments and the public to easily access information about a company, including its legal status, registered address, and directors. Furthermore, it is crucial for various legal and financial activities, such as opening bank accounts, entering into contracts, and filing tax returns. The practice of assigning such identifiers has evolved over time, reflecting the increasing need for formalized business records and regulatory oversight.
