Common Contracts
1 similar General Agreement contracts
ISRAELGeneral Agreement • April 8th, 2008
Sector or subsector Limitations on market access Limitations on national treatment Additional commitments I. HORIZONTAL COMMITMENTS ALL SECTORS INCLUDED IN THIS SCHEDULE 3)Registration of corporate bodies. The Companies Ordinance (New Version) 5743-1983, requires that a public corporation must have on its board of directors at least two directors representing the public at large, who must be residents of Israel. The same enactment also requires a foreign company that maintains in Israel a place of business or an office for registration or transfer of shares to register as a foreign company and pay the requisite fees. The Partnership Ordinance (New Version), 5735-1975 provides that a foreign partnership, i.e. one formed outside Israel, may only carry on business in Israel if it is registered in the Israel register partnerships. In the case of a limited partnership, registration has to be sanctioned by the Minister of Justice who at his discretion may authorize or refuse registration.
