Commercial  activities,  including  wholesale  and  retail  trade, are reserved for enterprises where Tunisian natural or legal persons constitute the majority of members of the Board of Directors or the governance or oversight body. The president and the board chairman must be individuals of Tunisian nationality.
"Art. 2. - Natural and legal persons, who do not have Tunisian nationality, may directly or indirectly exercise a commercial activity only under the conditions defined by the texts in force and the provisions of this decree-law.
Art. 3. - Legal persons have Tunisian nationality when they meet all of the following conditions:
1. be constituted in accordance with the laws in force and have their registered office in Tunisia;
2. have their capital represented at least 50% by registered securities held by Tunisian natural or legal persons;
3. have their board of directors, management or supervision, made up in majority by natural persons of Tunisian nationality;
4. have their presidency, their general direction or their management ensured by natural persons of Tunisian nationality.
For public limited companies, and in the event of dissociation between the functions of chairman of the board of directors and those of managing director, the managing director must have the status of resident within the meaning of the foreign exchange regulations in force.
In addition, Tunisian companies having their head office in Tunisia and in which the State or local public authorities directly or indirectly hold a capital participation.
[...]
Art. 8. - The exercise of the following activities, in any form whatsoever, and whatever the mode of their taxation [...] is, except exemption granted by the Secretary of State for Planning and Finance, prohibited to natural or legal persons, not possessing Tunisian nationality:
1- building manager;
2- commission agent, broker, commercial agent;
3- general or special agent of insurance companies;
4- concessionaire, consignee, general representative, general or sales agent, whatever the name under which this activity is carried out;
5- traveler, usher, sales representative. [...]" (Decree-Law on the conditions for exercising certain commercial activities (n° 61-14 of 30 August 1961), as amended by Law n° 85-84 of 11 August 1985, Articles 2, 3 and 8 [google translation])
Decree-Law on the conditions for exercising certain commercial activities (n° 61-14 of 30 August 1961), as amended by Law n° 85-84 of 11 August 1985, Articles 2, 3 and 8
Government Decree No. 2018-417 of May 11, 2018 relating to the publication of the exclusive list of economic activities subject to authorization and the list of authorizations administrative requirements for carrying out projects, the related provisions and their simplification [google translation]
Decree-Law on the conditions for exercising certain commercial activities (n° 61-14 of 30 August 1961), as amended by Law n° 85-84 of 11 August 1985, Articles 2, 3 and 8 [google translation]
[<a href="https://www.pist.tn/record/106431?ln=fr">Decree-Law</a>],[<a href="https://www.pist.tn/record/118037?ln=en">Law</a>],[<a href="http://www.droit-afrique.com/upload/doc/tunisie/Tunisie-Code-2010-commerce.pdf">Law_amend</a>],[<a href="https://www.pist.tn/record/76961?ln=en">Decree</a>]