Regulatory Alerts2019-01-21
Government Decree No. 2019-54 of January 21, 2019
The Tunisian Head of Government issues two consecutive government decrees establishing operational procedures for reserving company names, trade names, and signs, while simultaneously defining beneficial ownership criteria based on a 20 percent capital or voting rights threshold, actual control mechanisms, and senior management positions. The first decree mandates electronic or paper applications, six-month renewable certificates, and daily publication of reserved identifiers by the National Business Register Center. The second decree extends these beneficial ownership verification measures to trusts and similar legal constructions, requiring financial intermediaries to declare their trustee status during business relationships or transactions.