Shalom my name is Michael Decker and I'm from the law offices of Cohen Deker Pex and Brosh. I wanted to discuss with you today regarding companies for the benefit of the public. Basically, in Israel, there are two methods to register a nonprofit organization. One method is an Amuta which is operated according to the Amotot law and The other method is through a not for profit company which would be operated by the companies law until 2007. Not for profit companies were basically not regulated as Amotot they were subject to much scrutiny and regulation as not for profit companies were not in the year 2007. An amendment was added to the company's law which more or less compared all the regulations. of Amotot also for not for profit companies. I wanted specifically though to deal with foreign not for profit companies. According to the company's law if you're a foreign company that wants to do business in Israel specifically according to Section 246 of the company's law you must be registered here. There are very large foreign non-profit entities particularly large churches that have assets here that existed before Israel became a nation even, large humanitarian aid agencies that are operates here in the Middle East and that have a presence here in Israel. And it wouldn't make much sense for such a large entity to register a separate entity here altogether or a separate non-profit company and they'd much rather register themselves as a branch here. But since their objectives are nonprofit objectives they're not allowed to distribute any profits among the members of their organization. They would automatically be subject to all the regulation and the scrutiny of Section 345. and All the subsections of 345 to accompany law and to the register of public endowments however specifically for foreign companies for the benefit of the public. Section 345 33 B was enacted by the minister after he consults with the Registrar of public endowments may exempt a foreign nonprofit company from all the various regulations all of them or a few of them. If he is of the opinion that this is the just and right thing to do of course it would depend on the country where this non for profit foreign company is from and on other regulations that non for profit foreign companies already subject to and on the whereabouts of the assets of this company. However, our office has successfully helped large foreign entities register here local branches and get the full exemption from all Israeli regulations regarding the operation of a non-profit entity in Israel. If you're interested to learn more about this topic you can feel free to contact us. We'll be happy to provide you with the best legal advice possible. Thank you for your time.
<h4><a href='http://incline.media/Israeli-lawyer/Companies-For-The-Benefit-Of-The-Public-In-Israel/2939'>Companies For The Benefit Of The Public In Israel</a></h4><iframe class='mediaserv_video' src='//embed.mediaserv.solutions/?version=2&process=W8N0yflvET1XKhe8mmj1oTBdwWlICcRgdOsCQP99QQSf63VpWol3Syg1cvpMqSqgBmhdFqkclcBbBdJI&logo=http://incline.media/user_upload/profileImages/-gIjddcWc4z.png&logo_href=http://incline.media/Israeli-lawyer' frameborder='0' allowfullscreen='true'></iframe><br /><span style='font-size: 10px;'>By <a href='http://incline.media/Israeli-lawyer'>Israeli lawyer</a> on <a href='http://incline.media'>Incline</a></span>