The D&B Number, alternatively referred to as the D-U-N-S Number or Dun & Bradstreet ID Number, is a unique nine-digit identifier assigned to each business. Initially introduced by Dun & Bradstreet in 1963, the Data Universal Numbering System (DUNS) aims to standardize business information globally.
In 2024, the DUNS Number, also recognized as the Dun & Bradstreet ID Number, remains a pivotal identifier for businesses globally. Originally developed by Dun & Bradstreet in 1963 as part of the Data Universal Numbering System (DUNS), this unique nine-digit identifier continues to standardize business information and establish business credit files.
This identifier serves crucial purposes, notably in establishing a business credit file. Lenders and potential business partners often reference this file to assess the reliability and financial stability of a company. With over 400 million global businesses included, the D-U-N-S system, standing for Data Universal Numbering System, helps maintain accurate and timely business information.
For companies based in Dubai, obtaining a DUNS Number through Bizvise offers several benefits:
The DUNS Number serves as a universal identification for Dubai-based businesses, making it easier to conduct commercial transactions and form partnerships both locally and abroad.
Enhanced Business Credibility: Having a DUNS Number boosts a company's credibility because it indicates its creditworthiness and financial stability in its business credit report and profile.
Import-Export Processes: A DUNS Number is beneficial to import-export entrepreneurs in Dubai since it helps them qualify for company loans and increases their credibility in international trade.
Additionally, supplementary documents may be required based on a checklist provided by our consultants.
Upon submission of the request, Bizvise will facilitate the acquisition of the DUNS Number for your Dubai-based company. An updated version of your Dubai license displaying the DUNS Number will be generated.
In essence, a DUNS Number serves as a unique identifier crucial for business operations, credit assessment, and establishing credibility both locally and globally. While obtaining a DUNS Number is voluntary, it's often mandatory for engaging in government contracts and conducting business abroad, making it an essential asset for companies looking to expand their presence and credibility in the marketplace.