In certain situations, a fund may require some or all incoming LPs fill out and sign an Israeli tax representation letter. Contributing factors could involve:
- The fund manager residing in Israel;
- At least some if not all of the LPs residing in Israel;
- The fund having one or more entities domiciled in Israel.
There is often a lot of complexity at play, and the Israeli regulatory authorities are usually involved - please consult qualified and experienced Israeli (tax) counsel to determine if this is applicable to your specific set of circumstances.