Establishing a company in Israel can bring significant benefits to owners and open up new business opportunities. Besides the close social and cultural ties, which the country has with the Russian Federation, it is interesting due to operation of many small and medium-sized business development funds in it. They provide financial support to repatriates and non-residents by a provision of loans on concessionary terms, inclusive for new, newly established enterprises.
A close language environment, prompt companies’ registration while complying with the requirements and rules, a well-established and reliable financial system are just a few of the advantages of work in Israel. It is important that any person, including citizens of foreign countries, as well as companies from external jurisdictions, can be founders or beneficiaries of a business. The registration process differs slightly - you just need to submit the standard package of documents with a copy of your travel passport or constituent papers.
It is possible to say that Israel is offshore. To optimize the fiscal burden, many businessmen establish subsidiaries. On the one hand, they will not cause alarming interest in the tax authorities (as, for example, a representation of the company), but on the other hand, they have a simple document flow, for which one person is often enough. Also for a subsidiary company, you can quickly open a bank account. Company income is taxable if this income is received in Israel. If the directors and shareholders are not residents of Israel, the company does not operate in the country and does not interact with local legal/private entities - there are no taxes.
If you are interested in a company registration in Israel "from top to the bottom", it is worth paying attention to the analogs of domestic LLC - Ltd. This is the most common organizational form of business with a minimum of risks for owners and broad opportunities. By registering in the Corporate Charter a limitation of liability for debts/obligations of an enterprise, you can begin to work safely and productively.
Both individual entrepreneurs and founders of companies pass through the almost identical registration procedure. Establishing a company in Israel starts from a name selection - it should not repeat the designations of already existing enterprises, violate moral norms or insult the state. Further, it is necessary to submit documents to the State Registrar:
Documents of foreign origin must be apostilled and notarized by a local notary, translated into Hebrew. You also need to pay a fee and take care that the documents would declare the authorized capital of a least 10 thousand shekels (you do not need to present money during the registration). If everything is done correctly, you will receive a Certificate in a few days. Also, the procedure can be accelerated up to one day.
Upon a receipt of the registration documents, it is necessary to organize an accounting at the enterprise - records keeping is necessary. A case to the company will be filed in the Tax Administration, depending on the company turnover, with or without VAT exemption. The majority of individual entrepreneurs and LLC belong to the second category (“Osek Murshe”), they report to the tax authority once per one to several months.
For those who are interested in Israeli business, “Prifinance” company is ready to help. We will inform you on its features and help to carry out a company registration in Israel as quickly as possible.