The Cabinet,
- Pursuant to the perusal of the Constitution;
- Federal Law No. 1 of 1972 on the Competencies of Ministries and Powers of Ministers, and its amendments;
- Federal Decree-Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations;
- Federal Decree-Law No. 32 of 2021 on Commercial Companies;
- Federal Decree-Law No. 37 of 2021 on the Commercial Register;
- Cabinet Decision No. 58 of 2020 on the Regulation of the procedures of the Beneficial Owner; and
- Based on the proposal of the Minister of Economy, and the approval of the Council of Ministers,
Has resolved:
In implementing the provisions of the present Decision, the following terms and expressions shall have the meanings assigned thereto, unless the context otherwise requires:
State: The United Arab Emirates.
Ministry: The Ministry of Economy.
Minister: The Minister of Economy.
Decree-Law: Federal Decree-Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations, an...