Israel

Israel is a state located in the Middle East, sitting on the eastern coast of the Mediterranean Sea. It shares extensive borders with Lebanon, Syria, Jordan and Egypt. The capital city is Jerusalem.
Hebrew is the state language. The currency is the Israeli Shekel.
Today, Israel is an industrial country with a dynamically developing economy. Israel is considered one of the most economically and industrially developed countries in southwestern Asia. A large GDP and a high standard of living as a consequence characterise the country at the moment in the best possible way.

Israel's industry produces high-tech products, as well as paper and wood products, potash and phosphate fertilizers, caustic soda and other chemicals, medicines, construction materials, plastics, processed diamonds, textiles, shoes, food, beverages and tobacco.
Israel's main imports are raw materials, fuel, agricultural products (in particular grain), rough diamonds and arms.
Israel has an active international policy aimed at international integration and cooperation in all areas.

6 simple steps to purchase a company

  1. choosing a country

  2. choosing a bank

  3. payment (by any method)

  4. sending documents

  5. company registration

  6. bank account opening

Main advantages

From all the possible types of advantages that open up to the founders when incorporating a company, it is definitely worth noting:

  1. A large number of highly qualified specialists.
  2. The existence of free trade agreements with the United States and the European Union.
  3. Flexible taxation system.
  4. The presence of a local office is not a prerequisite.
  5. Lack of currency controls.

Organisational and legal forms of companies

According to current Israeli laws, it is possible to register your company in the following legal forms:

Limited Liability Company (Hevra Baam/Ltd).

Features:

  1. Number of directors - 1 or more (individuals/legal entities, residents/foreign nationals);
  2. Qualified accountant required;
  3. Number of shareholders - 1 or more (individual/legal entities that may be non-residents);
Open/closed joint stock company (SJSC/OJSC).

Features:

  1. Number of directors - 2 or more (individuals/legal entities, residents/foreign nationals);
  2. Number of shareholders - 7 or more (individuals/legal entities, residents/foreign nationals);
  3. Submission of financial statements and audit (annually).

Features of company incorporation

Based on the analysis of the current legislation regulating the activities of business entities, the following can be highlighted with regards to the specifics of the process of registering your business:

  1. In order to register a new company in Israel, it is sufficient to have one shareholder.
  2. The founder of the company may be an Israeli citizen or a foreigner. The shareholder of an Israeli company can be either an individual or a legal entity.
  3. The name of the Israeli company can be written in the registration certificate in Hebrew or English.
  4. In order to establish an Israeli company, a registration fee is required.

Taxes and fees

The state has the following features for levying taxes and fees

Standard income tax rate: 23% (reduced rates of 12% and 6% for special technology enterprises are allowed).

VAT: 17% or 0% (on exports of goods and certain types of services).

Non-resident companies, under certain conditions, may be exempt from paying capital gains tax.

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