How to get an lei number: a complete guide

In today’s global financial ecosystem, businesses engaged in trading, investment, and cross-border transactions are required to maintain transparency and verify their identity. A Legal Entity Identifier (LEI), commonly referred to as an LEI number, provides a unique identity to legal entities worldwide. Knowing how to get an LEI number and understanding related processes such as LEI code registration and LEI code search is essential for compliance and smooth business operations.

What is an LEI number?

An LEI number is a 20-character alphanumeric code assigned to legally registered entities. Its primary purpose is to provide a global standard for identifying businesses engaged in financial transactions. Essentially, it acts as a “passport” for a company in the global financial market, ensuring authenticity and transparency.

Entities that commonly require an LEI number include:

• Private limited companies

• Publicly listed companies

• Trusts and funds

• Partnerships and organizations engaged in cross-border trade

Why You Need an LEI Number

Having an LEI number offers several benefits:

1. Regulatory Compliance

Financial institutions and trading platforms require an active LEI for participation in certain financial transactions, ensuring that all parties are properly identified.

2. Simplifies Verification

Instead of manually verifying a company’s legal details, an LEI code search allows anyone to quickly confirm its legitimacy.

3. Reduces Risk

By linking entities to their ownership structures, LEIs reduce fraud and improve transparency in complex corporate networks.

4. Builds Credibility

Companies with an LEI number gain greater trust from investors, banks, and international partners.

Many businesses rely on professional services like MNS Credit Management Group to simplify the LEI code registration process and maintain compliance.

How to Get an LEI Number

Getting an LEI number involves a few clear steps:

Step 1: Choose a Registration Platform

Select a recognized LEI registration service. These platforms act as Local Operating Units (LOUs), authorized to issue LEIs worldwide. Ensure that the platform is reputable and provides support for verification and renewal.

Step 2: Submit Business Details

Provide accurate information about your entity, including:

• Legal name of the company

• Registration number and jurisdiction

• Registered address

• Authorized signatory details

Accurate data ensures a smooth verification process.

Step 3: Verification of Information

The registration platform verifies your details using trusted business records and databases. This step ensures that only legally registered entities receive an LEI number.

Step 4: Payment and Processing

Once verification is complete, you pay the registration fee. Processing times vary, but many businesses receive their LEI number within a few days.

Step 5: Receive LEI Number and Certificate

After approval, the platform issues your unique LEI number along with a digital certificate. This certificate confirms your company’s identity in global financial systems.

How to Use LEI Number Search and LEI Code Search

Once you have an LEI, it can be used for:

• LEI number search: Verify the details of your company or any other registered entity.

• LEI code search: Check the status, renewal date, or ownership structure of a company.

These tools are essential for due diligence, compliance checks, and cross-border transactions.

Renewal and Maintenance of LEI

LEI numbers are valid for one year. To keep your number active, you must renew it annually. Most registration platforms provide reminders and simplified renewal options, helping businesses maintain compliance without delays.

Why Getting an LEI Number Is More Important in 2025

In 2025, stricter reporting standards and global financial transparency requirements are driving businesses to obtain LEIs. Without a valid LEI number:

• Cross-border payments may be delayed

• Financial transactions could be blocked

• Compliance issues may arise

Understanding how to get an LEI number, performing LEI number searches, and maintaining an active LEI code ensures smooth operations and strengthens credibility in the global market.

Conclusion

Obtaining an LEI number is no longer optional for businesses involved in international trade or financial transactions. By following a structured LEI code registration process, performing LEI number searches, and keeping your LEI up to date, you ensure compliance, transparency, and trust in the financial ecosystem. Companies looking for a reliable partner often choose MNS Credit Management Group for seamless registration, verification, and annual renewal services.