Finance Minister Silvan Shalom issued a new directive, effective immediately, which provides Israeli companies registered on foreign stock exchanges an incentive to register on the Tel Aviv exchange. So reports the Investment Promotion Center of Israel\'s Ministry of Industry & Trade. The amendment exempts private Israeli investors from paying tax on capital gains made on dealings in the securities of dual-listed companies. This joins the existing general capital gains tax exemption on Israeli companies traded in Israel, which are also traded in New York. The order applies not only to Israeli connected companies, but also to any foreign company which would like to dual-list in Israel. Last year\'s easing of registration procedures on the TASE has already encouraged 13 firms to do so. If larger technology companies choose to take advantage of the order, as the TASE is hoping, the make-up of the TA-25, which is now dominated by banks, holding companies and traditional industries, could change significantly.