preface

More documents

Recommendations

Info

5.2. ANTITRUST LAW 52 BUSINESS ENVIRONMENT Business activity is subject to various laws and regulations, depending on the nature, scale, sector, etc. of the business, and requires licenses from ministries, municipalities, authorities, and other statutory authorities. In general, common business and trade practices are restricted by rules and regulations similar to those prevailing in other western countries. However, particular attention ought to be paid to the Antitrust Law, 1988, enforced by the Israeli Antitrust Authority. 5.2.1. Restrictive Practice Agreements A restrictive arrangement is an agreement made between individuals conducting business, pursuant to which at least one of the parties restricts itself in a way that could obviate or reduce the business competition between that party and part or all of the other parties to the agreement, or between that party and an entity that is not a party to the agreement. An agreement that determines prices, market share, profit margins, or quotas will be deemed to be a restrictive agreement. However, the law excludes some agreements from its general definition so that they are not considered restrictive agreements (e.g. entitlement to use proprietary rights, international transport, etc.). Participation in any restrictive agreement is prohibited unless the agreement has been approved by court, received a temporary permit, by the Director-General of the Antitrust Authority or was granted an exemption. In recent years, enforcement of this law has become more evident, in view of the expansion of the Antitrust Authority and the growing awareness of the advantages of competitive markets in Israel. Block exemption: In 2000, the Director-General of the Antitrust Authority defined block exemptions that exempt specific agreements from the need for a permit. These block exemptions include R&D agreements, joint ventures, franchises, etc. BDO Israel
5.2.2. Mergers and Acquisitions BDO Israel DOING BUSINESS IN ISRAEL According to the Restrictive Business Practices Law, the following mergers and acquisitions require the approval of the Antitrust Authority prior to becoming effective: ♦ Subsequent to the merger or acquisition, the share of the merged parties in the production, sale, marketing, or purchase of a single product or a group of products or services will exceed 50%. ♦ The combined turnover of the merged companies (domestic turnover only) in the fiscal year prior to the merger exceeded NIS 150 million (approximately US$ 42 million), and at least two of the merged companies have a turnover of more than NIS 10 million (approximately US$ 2.82 million) each. ♦ One of the parties is already a monopoly. 53
Page 3: PREFACE This publication has been p
Page 7: 7. INVESTMENT INCENTIVES AND TRADE
Page 10 and 11: 8 THE ISRAELI ECONOMY IN 2010 The I
Page 12 and 13: 1.2.4. Fiscal Developments 10 THE I
Page 14 and 15: 12 THE ISRAELI ECONOMY IN 2010 1.2.
Page 16 and 17: 14 THE ISRAELI ECONOMY IN 2010 Comp
Page 18 and 19: 16 ISRAEL - GENERAL OVERVIEW Israel
Page 20 and 21: 2.4. ISRAEL’S CURRENCY 18 ISRAEL
Page 22 and 23: Legal holidays in 2010 and 2011 are
Page 24 and 25: 22 OVERVIEW OF ISRAEL’S HIGH-TECH
Page 32 and 33: OVERVIEW OF ISRAEL’S HIGH-TECH IN
Page 34 and 35: 32 BUSINESS STRUCTURE The Companies
Page 36 and 37: 34 BUSINESS STRUCTURE with respect
Page 38 and 39: 36 BUSINESS STRUCTURE recommendatio
Page 40 and 41: 38 BUSINESS STRUCTURE TASE regulati
Page 42 and 43: 40 BUSINESS STRUCTURE ♦ Non-profi
Page 44 and 45: 4.2.2. Prerequisites 42 BUSINESS ST
Page 46 and 47: 44 BUSINESS STRUCTURE As mentioned
Page 48 and 49: 46 BUSINESS STRUCTURE 4.3. INSURANC
Page 50 and 51: 5.1.2. Distribution of Employees 48
Page 52 and 53: 50 BUSINESS ENVIRONMENT As of Janua
Page 56 and 57: 5.3. INTERNATIONAL TRADE 54 BUSINES
Page 58 and 59: 5.4. TRADE AGREEMENTS 56 BUSINESS E
Page 60 and 61: 5.5. PROPRIETARY RIGHTS 58 BUSINESS
Page 62 and 63: 60 ACCOUNTING AND AUDITING PERSPECT
Page 76 and 77: 74 INVESTMENT INCENTIVES AND TRADE
Page 104 and 105:
102 INVESTMENT INCENTIVES AND TRADE
Page 106 and 107:
104 INVESTMENT INCENTIVES AND TRADE
Page 108 and 109:
106 TAXATION Under the recent tax r
Page 110 and 111:
108 TAXATION (d) More than 50% of o
Page 112 and 113:
110 TAXATION 8.2.2.6. Dividends Rec
Page 114 and 115:
112 TAXATION (3) Location of fixed
Page 116 and 117:
114 8.2.3.4. Rental Income from Out
Page 118 and 119:
116 TAXATION "Accommodating Year”
Page 120 and 121:
118 TAXATION "Privileged Securities
Page 122 and 123:
120 TAXATION 8.2.4.3. Tax exemption
Page 124 and 125:
8.3.4. Sale of Stocks 122 TAXATION
Page 126 and 127:
124 TAXATION 8.3.7.3. Setting-off C
Page 128 and 129:
126 TAXATION ♦ According to the r
Page 130 and 131:
8.5. TAXATION OF TRUSTS 128 TAXATIO
Page 132 and 133:
8.6.1. Definitions: 130 ♦ Israeli
Page 134 and 135:
132 5) Certain services rendered to
Page 136 and 137:
8.8.6. Real Estate Companies 134 TA
Page 138 and 139:
8.10. TAX TREATIES 136 TAXATION As
Page 140 and 141:
138 Dividends % Interest % TAXATION
Page 142 and 143:
140 FOREIGN EXCHANGE CONTROL AND PR
Page 144 and 145:
10.3. ISRAEL LAND ADMINISTRATION OF
Page 146 and 147:
11.2. KEY FIGURES FOR DECEMBER 31,
Page 148 and 149:
Example A NIS Example B NIS APPENDI
Page 150 and 151:
APPENDIX 2 Industrial enterprises m
Page 152 and 153:
Ministry of Justice 29 Tsalch Adin
Page 154 and 155:
Israel - US Binational Industrial R
Page 156 and 157:
BRAZIL Embassy of Israel S.E.S Av.
Page 158 and 159:
ECUADOR Embassy of Israel Av. La Co
Page 160 and 161:
IVORY COAST (COTE D’IVOIRE) Embas
Page 162 and 163:
PANAMA Embassy of Israel Edificio P
Page 164 and 165:
THAILAND Embassy of Israel Ocean To
Page 166 and 167:
REPUBLIC OF THE FIJI ISLANDS Embass
show all

preface

Create successful ePaper yourself

Delete template?

Save as template?