How much does an LEI cost?
The annual provision fee for using the Legal Entity Identifier (LEI) includes a contribution for the Global LEI System (GLEIS contribution). The GLEIS contribution is used to finance the GLEIF in its capacity as central institution. GS1 pays this contribution at the current amount of €14.50* directly to GLEIF. Legally independent entities and participants with independent accounting (from industry, commerce, the service sector etc.) are required to pay a fee.
The initial registration fee for an LEI, through GS1 Australia, is just €89* with an annual renewal fee of only €59*. You can transfer an existing LEI to GS1 Australia to avail of the excellent value renewal fee. No renewal fees are payable until the renewal due date.
*Based on the conversion rate of 1.587 at 03/07/2018, these charges would be A$141.28, A$93.68 and A$23.01. Please note the actual amount you pay will depend on the conversion rate charged by your bank at the time of the transaction as well as any foreign currency or other fees incurred. The charge by GS1 will always be the Euro figure quoted above.