What’s New?

Why it’s important to renew LEIs in India?Why it’s important to fill in multiple contact details on your LEI application?Why transfer existing LEI to LEI Register India?GLEIF’s verifiable LEI issuer qualification programWhat are Child Entities and How do They Relate to Other Entities?Do I need an LEI when selling shares?Business Transparency: How to Create an Environment of TrustAnti Money Laundering (AML) in Banking: Everything You Need to KnowKYC in Banking: Why It’s Important and How to ComplyCorporate Structures Demystified: What You Need to KnowNews from RBI for BorrowersWhat is a parent company and how does it work?How long does it take to get an LEI?RBI demands borrowers with total exposure of ₹5 crore and above to obtain LEIWhat is beneficiary LEI? ISO 5009 – Identifying organizational rolesISO 17442 – Standard for LEI code structureESRB discusses the future of LEILegal Entity Identifier for Cross-border TransactionsLegal Entity Identifier (LEI) vs Permanent Account Number (PAN)Is LEI and CIN the same?Who is an LOU in the LEI Dimension?LEIL vs LEI RegisterGMEI Utility vs LEI RegisterLapsed LEI – Why should you keep your LEI active?Who is an LEI Registration Agent?Are LEIs public?What is LEI transfer?Can an individual have an LEI?Who needs an LEI number?Do LEI numbers need to be renewed?Why is an LEI number required?How much does an LEI number cost?LEI Lookup – Fully dedicated LEI search websiteLEI RBIISIN to LEI mappingGLEIS | Global LEI SystemMiFID regulation | MiFID II LEIvLEIGLEIF | Global Legal Entity Identifier FoundationCompany Autocomplete by LEI RegisterOpen LEIEuropean Market Infrastructure Regulation | EMIRWhat is an LEI database?India LEI regulationsDocuments Required for LEI Registration – LEI Requirement ExplainedLEI Full Form in BankingNo LEI Login Required with LEI RegisterHow to Download LEI CertificateNew Legal Entity Identifier (LEI) Regulations for Insurers and LoanersLegal Entity Identifier India: Extension of March 31 2020 deadlineLegal Entity Identifiers in CryptocurrencyLEI Entity Search for IndiaLegal Entity Identifiers in KYCDigital Identity Predictions for 2020The Future of Cybersecurity – DeloitteHow To Buy Shares in India for Beginners?Legal Entity Identifiers in Digital CertificatesBroad Adoption of LEIs Could Save The Global Banking Sector US $2-4 BillionLegal Entity Identifiers for Government EntitiesThe European Market Infrastructure Regulation (EMIR) and Legal Entity Identifiers (LEIs)The FCA Will Take Pragmatic Approach to Supervising Reporting on Brexit DayAdoption of LEI in Payment Messages by the Payments Market Practice Group (PMPG)RegTech London – Event SummaryRBI regulations for mandating Legal Entity Identifier in India (2019 extensions update)Cybersecurity in a NutshellWhat is LEI-Search?How to get an LEI in India?LEI Register and RapidLEI Announce Official Partnership

How much does an LEI number cost?

The Global LEI System (GLEIS) has been set up in a way where LEI cost can differ among various service providers. Obtaining an LEI number can cost you anywhere between $65 to $200, depending on who you’re registering with. Since the number needs to be updated yearly – the costs will start to add up. For this reason, we encourage you to pay close attention to the price and take it as the primary factor when registering an LEI code.


LEI number costs can vary

Issuance of Legal Entity Identifiers (LEIs) is controlled by The Global Legal Entity Identifier Foundation (GLEIF), a not-for-profit organization. The foundation doesn’t issue LEI codes itself, but leaves it to a network of public and private companies, acting as Local Operating Units (LOUs). Furthermore, in order to obtain an LEI code, you’ll need to reach an LEI Registration Agent.

That is why you’ll see that the LEI number cost varies between different service providers. To be frank, there are no better functioning or upscale LEI codes. The GLEIS was created to reduce risk exposure, and empower opposite parties in contracts or financial transactions. LEI prices are determined by the organization’s own charging structure and have nothing to do with the value of the LEI code itself. The code is simply a tool that enables you to easily identify legal entities, that are active in the financial market.

Currently, GLEIF surcharges LOU-s 11 USD per application for one year. It’s important to note that not all Registration Agents include that fee in the initial price and it might appear as an additional cost during check out. The same goes for VAT-s, 0% VAT is applicable if the company has a valid EU VAT number.

LEI Register is one of the biggest and most inexpensive LEI Registration Agents worldwide. LEI Register’s LEI price consists of initial registration cost for the chosen period and the GLEIF fee. We validate your VAT number against the VIES (VAT Information Exchange System) database and once authenticated, no VAT will be added.


Multiyear LEI registrations

In order to ensure that the LEI code database is relevant and up to date, it’s required to renew your LEI number annually. Once the deadline passes, your LEI will become inactive until renewed. To make matters easier, LEI Register has developed multiyear renewals. So in addition to one-year registration, you’ll be able to select a 3- or a 5- year period.

Not only will this be more cost-efficient, but we’ll take on the responsibility to renew the data of your LEI number seamlessly, using an official company registry.


Key Takeaways

  • The LEI number cost is determined by the individual organization, which is why it tends to vary across different providers
  • LEI Register has grown into one of the biggest Registration Agents in the world by keeping prices low, whilst offering the fastest and most seamless registration process
  • LEI codes need to be updated annually and once the deadline passes, the entity won’t be able to participate in the financial markets
  • In order to help you steer clear from trouble, LEI Register has created a multiyear registration model, that will take on the responsibility to renew your LEI data for the selected period. Not only will save you time but also works out to be more cost-efficient! 

Register