Understand the Jurisdictions Setup Requirement Before Proceed Your Israel Company Formation
The diversity in the business culture, as well as the ease of starting successful businesses, are some of the attributes that make Israel appealing for foreign investors. The country’s capital, Tel Aviv, is considered as one of the region’s key players in the international tech and financial markets. The economic stability that has snowballed over the past few years and the varied business opportunities available in the tech and agricultural sectors are the other reasons why investors drool at the prospects of having ventures in Israel. At 3E Accounting United Kingdom, we are ready to get you started in Israel by providing you with reliable and affordable Israel company formation services.
Types of Investment Vehicles Foreigners Can Start in Israel
Entrepreneurs and corporations who wish to invest in Israel have the following investment vehicles they can consider. All of these options will be under strict supervision by the Ministry of Justice in Israel.
Limited Liability Company
A limited liability company is a preferred mode by foreign investors in Israel. There are quite a number of benefits that come with setting up an LLC in Israel. The most prevalent among these is that there are no special requirements when it comes to the number of shareholders in the company. You will be happy to know that it’s possible for a single foreign investor to register and operate a limited liability company in Israel legally.
Offshore companies enjoy a relatively lower tax rate compared to other entities. This explains why Israel is a top destination for corporates who are planning to start these types of companies. It is not just the low tax regimes that favor the registration of offshore companies in Israel. The registration process is simplified with less bureaucracy, and the assets of such companies have strong liability protection.
For this structure, foreigners and foreign entities may also register a company under certain conditions. For example, a private company in Israel should have a board of directors responsible for coming up with the company’s policies. The company must also have a general manager who will be responsible for the daily operations of the company. Unlike public companies in Israel, private companies cannot be traded in the country’s stock exchange markets.
Essential Documents for Company Formation in Israel
Take note that there has been less bureaucracy surrounding Israel company formation. However, foreigners may still need help in getting all the steps right. This applies especially in the preparation of the documents that facilitate the registration process. We can help you understand the respective registration process for the various corporate entities. In addition, we can assist you with the preparation of the following:
- The Memorandum and Articles of Association
- Shareholder’s declarations
- Company name and business name registration
- Help in getting the VAT certificate from the Income Tax Department
- Completing and submitting the company application forms at the Registrar of Companies
Our specialists in Israel company formation can help you manage and oversee the entire process of registering your business in Israel.
We are a team of accountants, attorneys, and tax experts, who will not only advise you on the best business set up plans in the country. In fact, we can also walk with you through all the steps until your company starts to operate. Contact us to know more.