Cabinet of Ministers excludes two countries from list of offshore zones

Baku. 8 December. REPORT.AZ/ The Cabinet of Ministers of Azerbaijan has amended the Decree "On Approval of the List of Offshore Zones Registering Persons Who Can Not Be Shareholders of Licensed Persons in the Securities Market".

Report informs that the decision was signed by Prime Minister Novruz Mammadov.

The names of the Nauru and US Virgin Islands are excluded from “List of offshore zones where persons who cannot be the shareholder of the securities licensed persons in the securities market.

The post-change list is as follows:

1. Anguilla.

2. Antiqua and Barbuda.

3. Aruba.

4. Bahamas.

5. Belize.

6. Cook Islands.

7. Grenada.

8. Maldives.

9. Antilles (Netherlands).

Panama.

11. Samoa.

12. St. Kitts and Nevis.