Legal Entity Identifier (LEI) Registration Process

Updated on July 08, 2024 08:00:11 AM

Legal Entity Identifier is an essential requirement that helps to maintain transparency in global transactions. In this contemporary world, every nation and its businesses have been linked with each other. Due to these connections, Businesses have to engage with cross-border transactions that could be a riskier task. Here, Legal Entity Identifier Registration plays a vital role and aids in securing our capital.

However, every business must get its LEI code or number, if they are going to engage in cross-border transactions. Obtaining the LEI code has a complete step-wise procedure. In this article, we will discuss the complete stepwise process of “Legal Entity Identifier Registration” and the required documents that are required during the procedure.

table content image

Basic Understanding

Before looking at the Legal Entity Identifier Registration procedure, you should have a basic understanding of this topic that is as follows:

Legal Entity Identifier:

Legal Entity Identifier (LEI) is a unique global identifier code for cross-border transactions. It is a 20-character alphanumeric code that will be unique and different for every individual. It aims to increase transparency and A LEI provides a standardised means of identifying entities engaged in a variety of financial activities across jurisdictions.

LEI Registration:

LEI registration is a standardised process that grants a unique alphanumeric code to legal entities which participate in financial transactions. By offering a standardised way of identifying companies participating in diverse financial activities, this worldwide identifier improves transparency, mitigates risks, and assures regulatory compliance in financial markets.


All legal entities involved in financial transactions are eligible for Legal Entity Identifier (LEI) registration. Corporations, partnerships, trusts, and government bodies are all eligible.


The main aim of Legal Entity Identifier (LEI) registration is to distinctively identify entities involved in worldwide financial transactions. By providing accurate and unique identification for companies operating in financial markets, LEIs boost transparency, decrease systemic risk, and improve regulatory oversight, allowing improved data management and analysis.

Step-wise Process of Legal Entity Identifier Registration

The Complete Legal Entity Identifier Registration process is as follows:

Step 1: Seek a Legal Consultant

Our professional team provides thorough guidance on the registration of Legal Entity Identifiers (LEIs), giving critical information and support throughout the process. We ensure that you have an in-depth understanding of the LEI and its procedures, as well as useful information on getting LEI for your business.

Our services include individualised assistance, answering any questions you may have regarding the LEI, and ensuring an effortless and efficient journey for your company while following worldwide financial guidelines.

Step 2: Gathering Information & Preparation

Our professional assistance includes gathering relevant information and assisting you in obtaining your "Legal Entity Identifier" (LEI) code. We guide you through the documentation needs, making sure you have a complete checklist for the application. Our aid extends to efficiently managing the registration procedure. Our dedication includes working hard to secure a swift issue of your LEI, as well as optimising the entire process for your convenience and compliance in the global financial market.

Step 3: LEI Application Filing

Our team of experts will complete the Legal Entity Identifier (LEI) application form on your behalf, utilising the form given by the selected LEI Provider. We carefully verify and ensure the quality and accuracy of every information, reducing the possibility of errors that might cause process delays. We decrease the application procedure with our knowledge, allowing you to receive your LEI quickly and efficiently, without lacking clarity in the required information.

Step 4: Documentation

With the LEI Application, some documents are required. The document list is as follows:

  1. Proof of Legal Entity Existence
  2. Entity Registration Information
  3. Organisation Structure
  4. Tax ID and tax identification number
  5. Financial Statement
  6. Entity Legal Form & Types

Step 5: Verification of Documents

The provider examines the provided information during the Legal Entity Identifier (LEI) registration process to correctly identify the legal entity. To ensure accuracy, details are cross-referenced with official business registrations and credible sources. Thorough validation is critical for preserving the LEI system's authority and trustworthiness. It contributes to effective risk management and regulatory compliance by preventing mistakes, increasing transparency, and ensuring that the LEI appropriately reflects the legal entity in global financial transactions.

Step 6: Submitting the required Fees

To obtain the LEI code, a particular amount has to be paid. The fee for LEI registration is ₹7000 + 18% GST and the total amount is ₹8260. This amount can vary as per the duration of the validity of your LEI code. During the registration procedure, the applicant has to select the duration, they can get the validity for 1 year, 3 years or 5 years.

The professional fees for registration are very different from these fees.
Litem Legalis provides its service at a low cost.

Step 7: Receive Code and Maintenance

We will provide you with a unique alphanumeric code once the verification is done. This alphanumeric code is then added to the Global LEI System. To preserve compliance, ensure that information is renewed and updated on a timely basis if the legal entity's details change.

Benefits of Legal Entity Identifier

There are several benefits of Legal Entity Identifier Registration. Some of them are given below:

  • Legal Entity Identifier (LEI) registration promotes transparency by establishing a standardised, globally recognized identifying system for entities participating in financial transactions. This clarity allows a better understanding of an entity's participation in multiple marketplaces and transactions.
  • LEI registration aids risk management by allowing regulatory authorities and competitors to identify and evaluate potential risks connected with individual firms. This aids in the early discovery of financial weaknesses and improves risk mitigation techniques overall.
  • LEI registration is especially advantageous for firms performing cross-border transactions. By establishing a shared reference point, the standardised identification system simplifies international business procedures, fosters confidence among worldwide partners, and reduces friction in financial transactions.

How Can Litem Help You?

Litem Legalis resolve the complexity of the registration procedure to provide a smooth experience. We will lead you through every stage of the process, from thorough document preparation to selecting the correct LEI issuer, assuring compliance and efficiency. Trust in our expertise to simplify your LEI registration process

Free Legal Advice

Free Legal Advice

Expert Lawyers

Expert Lawyers

Lowest Fees

Lowest Fees

Quick Process

Quick Process


The Legal Entity Identifier (LEI) registration process is critical to ensuring transparency and trustworthiness in global financial systems. The LEI system provides correct identification of legal entities through rigorous information verification and cross-referencing with reputable sources. This authentication not only improves risk management but also supports regulatory compliance. The LEI registration procedure, as a critical instrument in modern financial landscapes, safeguards against mistakes, adding to the general stability and trustworthiness of the worldwide financial ecosystem.

Frequently Asked Questions

What is a Legal Entity Identifier?

A Legal Entity identification (LEI) is a distinctive 20-character alphanumeric number that acts as an internationally recognized identification for legal entities involved in financial transactions. LEIs are standardised ways of identifying entities engaging in diverse financial transactions across international markets, to increase transparency and mitigate risks.

Is the LEI registration mandatory?

Yes, LEI registration has become increasingly required for companies involved in financial activities. To improve transparency, expedite reporting, and limit risks, regulatory agencies across the world require legal organisations to get an LEI. Compliance with this standardised identification system is critical for market integrity and effective worldwide financial operations.

When is a Legal Entity Identifier required?

When engaging in financial transactions, especially in regulated markets, a Legal Entity Identifier (LEI) is often necessary. Regulatory bodies all across the globe require the use of LEIs to improve transparency, expedite reporting, and limit risks.

What is the eligibility for Legal Entity Identifier registration?

Entities eligible for Legal Entity Identifier (LEI) registration must actively participate in financial activities, such as trading or owning financial instruments. This rule applies to a wide range of industries, facilitating widespread financial market involvement.

Get In Touch


Speak Directly to our Expert