1. No foreign Company may conduct its operations in the State unless it has been entered in the Ministry's foreign companies register in accordance with this Decree Law and until the Company has obtained the approvals and licenses required by the laws of the State. 2. The procedure for registration in the foreign companies register and guidelines for preparation of the accounts and balance sheets of branches of foreign companies in the State shall be set out in a resolution of the Minister. The office or branch of a foreign Company shall be considered its domicile for the purposes of its operations in the State which operations shall be governed by the laws of the State. 3. The Ministry shall issue resolutions on the supporting documentation needed to apply for registration. Such resolutions may specify requirements and conditions for managing and closing the branch or office of a foreign Company. 4. When the branch of a foreign Company is closed, the Ministry shall strike off the name of the branch or office from the foreign companies register maintained by the Ministry.
Interpretation and application must be checked against the official text and current version.