Unified UAE Legislation Database

Cabinet Decision No. 58 of 2020 Regulating the Beneficial Owner Procedures

Status

In force

Issuing Authority

The UAE Cabinet

Effective date

XX.XX.XXXX

Official Link

https://

NOT IN FORCE,  abrogated by Cabinet Decision No. 109 of 2023

The Cabinet: 

Pursuant to the perusal of the Constitution

- Federal Law No. 1 of 1972 Concerning the Competencies of the Ministries and Powers of the Ministers and its amendments;

Federal Law No. 5 of 1975 on the Commercial Register;

- Federal Law No. 2 of 2015 on Commercial Companies and its amendments;

- Federal Law No. 14 of 2016 concerning the Violations and Administrative Sanctions in the Federal Government;

- Federal Decree-Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations;

- Cabinet Decision No. 10 of 2019 on the Executive Regulations of Federal Decree-Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations;

Cabinet Decision No. 34 of 2020 concerning Regulating the Beneficial Owner Procedures; and 

- Upon the proposal of the Minister of Economy and the approval therefore of the Cabinet, 
Has resolved: 

 

Article 1 – Definitions 

In application of the provisions of this Decision, the following ter...