The Data Universal Numbering System (DUNS) may not be widely discussed, but its impact on global trade is significant. Understanding its importance starts with knowing what a DUNS number is: it is a unique nine-digit identifier issued by Dun & Bradstreet that distinguishes each company or organization.
This number provides international business identity, as it is registered in a database that validates and facilitates your company’s identification in global transactions.
Corporations, governments, banks, and suppliers often request your DUNS number to evaluate your company’s credibility before approving credit, financing, or business agreements. Having a DUNS number builds trust, allowing other entities to verify your company’s existence and reputation before closing contracts.
In governments such as the United States, a DUNS number is essential for establishing government contracts. For example, the FDA (Food and Drug Administration) requires it for companies involved in the production, import, and distribution of food, pharmaceuticals, and medical devices.
The FDA uses the DUNS number to verify the authenticity of companies, prevent fraud, and ensure consumer safety. It allows validation of a company’s legal existence and location within the Dun & Bradstreet database, making it easier to locate the company when necessary.
Obtaining a DUNS number opens business opportunities and positions your company as a reliable partner in the global market. It also allows you to verify the authenticity of other companies you want to do international business with. From small enterprises to multinational corporations, every business can benefit from a DUNS number.
If you want to expand your business and build trust internationally, having a DUNS number is a key step. At CORE, we help you obtain your DUNS quickly and hassle-free.
Contact us today and take your company to the next level.
The Data Universal Numbering System (DUNS) may not be widely discussed, but its impact on global trade is significant. Understanding its importance starts with knowing what a DUNS number is: it is a unique nine-digit identifier issued by Dun & Bradstreet that distinguishes each company or organization.
This number provides international business identity, as it is registered in a database that validates and facilitates your company’s identification in global transactions.
Corporations, governments, banks, and suppliers often request your DUNS number to evaluate your company’s credibility before approving credit, financing, or business agreements. Having a DUNS number builds trust, allowing other entities to verify your company’s existence and reputation before closing contracts.
In governments such as the United States, a DUNS number is essential for establishing government contracts. For example, the FDA (Food and Drug Administration) requires it for companies involved in the production, import, and distribution of food, pharmaceuticals, and medical devices.
The FDA uses the DUNS number to verify the authenticity of companies, prevent fraud, and ensure consumer safety. It allows validation of a company’s legal existence and location within the Dun & Bradstreet database, making it easier to locate the company when necessary.
Obtaining a DUNS number opens business opportunities and positions your company as a reliable partner in the global market. It also allows you to verify the authenticity of other companies you want to do international business with. From small enterprises to multinational corporations, every business can benefit from a DUNS number.
If you want to expand your business and build trust internationally, having a DUNS number is a key step. At CORE, we help you obtain your DUNS quickly and hassle-free.
Contact us today and take your company to the next level.
