On February 28, 2011, an amendment was passed to the Partnership Regulations (Registration and Fees), which states that the establishment of a limited partnership, similar to a general partnership, will be charged a fee of ILS2,491, separate from the Partnership's limited share capital. Thus canceling the amendment one of the main drawbacks in establishing a limited partnership - the fee.
The amendment further stipulates that after the entry into force on April 24, 2011, the increase in the limited capital of the partnership will no longer be charged to the fee, contrary to the situation that has prevailed so far, according to which the payment of the fee was due to the Partnership's limited capital.
It should be noted that the amendment prescribes an exemption from the annual fee for a partnership whose operations have ceased, in relation to the years subsequent to the date on which the partnership ceased its activity, in accordance with the conditions prescribed in the regulations.