Article (2)
Objectives of the Decision
The Decision has for objective to:
- Contribute to the development of business environment, capacities of the State and its economic position in accordance with the international requirements, by regulating the minimum obligations of the Registrar and Legal Persons in the State, including the licensing or registration procedures, regulating the Register of Beneficial Owner and the Register of Partners or Shareholders.
- Develop effective and sustainable executive and regulatory mechanisms and procedures for the beneficial owner data.
- Contribute to the development of business environment, capacities of the State and its economic position in accordance with the international requirements, by regulating the minimum obligations of the Registrar and Legal Persons in the State, including the licensing or registration procedures, regulating the Register of Beneficial Owner and the Register of Partners or Shareholders.