Cabinet Resolution No. 58 of 2020 Regulating Beneficial Owner Procedures
- Posted by Parker Randall UAE
- On November 4, 2020
In Brief: Cabinet Resolution No. (58) of 2020 regulating Beneficial Owner Procedures (the “Resolution”) came into effect on 24 August 2020 and replaced Cabinet Resolution No. 34 of 2020 issued earlier this year. The Resolution introduces new requirements for entities to disclose their beneficial owners. The main purpose is to enhance the transparency of entities […]
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