Turkey introduced changes to the Turkish Commercial Code on the issuance of signature declaration / specimen required when incorporating a company or a commercial enterprise.

In Australia, a new simplified liquidation process was introduced on 1 January 2021. To summarise, the simplified liquidation is a streamlined creditors’ voluntary winding up for companies that have liabilities less than $1 million and it only applies when the event that triggers the start of the winding up occurs on or after 1 January 2021.

Portugal has waived annual confirmation for registration of the Ultimate Beneficial Owner (UBO) (RCBE) for the year 2021. Companies will not be required to file the annual UBO declaration (filed together with the IES tax filing), which was set to be due by 15 July 2021.

The Financial Regulatory Authority of Egypt implemented “Anti Money Laundering and Terrorist Financing” Decree no. 2/2021 (the Decree) as a continuation to the Egyptian Anti-Money Laundering Law no. 80 of 2002, on 19 January 2021.