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The new NZ Business Number – what you need to know

Posted 6 years ago in Small business by Xero
Posted by Xero

The Ministry of Business of Business, Innovation, and Employment (MBIE) has launched the New Zealand Business Number (NZBN), which is available to all Kiwi businesses.  It’s a universal identifier which enables businesses to easily update, share key information, and interact with each other.

Government agencies and businesses will increasingly recognise businesses by their NZBN. The sharing of information between government agencies and businesses will also lead to improved data quality and help minimise the cost of repeating information.

The NZBN will create a transactional environment with greater certainty of identity, more reliable information, less duplication and much-needed efficiencies.

In the short term the NZBN will save businesses time and money as they won’t have to update key information multiple times and in a variety of ways. Invoicing and procurement will be more efficient and business transactions such as onboarding new suppliers and customers will be faster and simpler using the NZBN.

Over time, businesses will be able to see supply chains, build trusted networks, find and assess providers, improve customer service and a whole lot more.

We were excited by the idea when it first started gaining traction in 2014. We’re passionate about supporting New Zealand small businesses, and we’ve been campaigning hard for a more streamlined partnership between the Government and small businesses.

Here’s what you need to know.

What is an NZBN?

The New Zealand Business Number (NZBN) is a globally unique identifier available to all Kiwi businesses. Right now every company registered in New Zealand has an NZBN. Other business types, like sole traders, partnerships and trusts, can get an NZBN at nzbn.govt.nz. The NZBN will streamline essential business information. Over time it will become the only number businesses will need to interact with each other, the government, and its agencies.

What is it used for?

The NZBN is linked to the core information businesses are most often asked to share with other organisations and government agencies. These include trading names, phone numbers and email addresses. Because this key information is held in one place – on the NZBN Register at nzbn.govt.nz – customers, suppliers or government agencies can easily access the details they need. This will save time and speed up interactions between businesses, because the same information won’t need to be shared multiple times in a variety of ways. This will allow businesses to spend more time growing their business, and less effort on administration.

How do I find mine (or another company’s)?

You can find any business’ NZBN by searching on NZBN.govt.nz. Companies Register users can use their NZBN interchangeably with their company number when searching or contacting our contact centre.

New companies are allocated an NZBN at the time of incorporation.

For more info:

Visit the New Zealand Business Number website.

One comment

Janet Harrison
July 22, 2018 at 10.53 am

Is a NZBN a legal requirement for all business operators in New Zealand? What if I do not want my business in this directory. Do I have freedom of choice?

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