Israel is one of the rapidly growing economies globally, with a high-technology and strong diamond industry. Israel is also leading in agricultural products, pharmaceuticals, green energy, and FinTech, which is providing opportunities to entrepreneurs and other business-minded people. There are several options for entrepreneurs for setting up a company in Israel. They can set up limited liability companies, partnerships, offshore companies, private and public firms according to their interest and legislation and are supervised by the Ministry of Justice. The Limited Liability Company is famous among foreign investors because of its convenience according to their needs.
Foreign investors prefer Limited Liability Companies in Israel because for the formation of an LLC, there is no special requirement regarding the number of shareholders. A single entrepreneur or a company can approach a corporate lawyer to lawfully register an LLC in Israel. The minimum share capital to form an LLC is one Dollar, at least one shareholder (a person or a company), and a minimum of one director is required to set up an LLC in Israel. The directors and shareholders can be from any country and can reside anywhere in the world. The Limited Liability Company should put Ltd at the end of its name.
The Offshore company in Israel is known for its lower taxes. One can register an offshore company in Israel and operate its business outside of Israeli jurisdiction. Many investors have formed offshore companies in Israel due to its easy incorporation procedures, low taxes, and assets protection from liabilities. One more plus point of starting an offshore company in Israel is that the businessman’s name is not disclosed publicly.
If it is a non-public company; entrepreneurs can operate in Israel under particular conditions. There should be a board of directors responsible for planning the company’s policies for a private company. Moreover, a General manager shall be there to monitor and operate the daily affairs of the company. A private company in Israel cannot trade in the stock exchange, unlike public companies.
The following documents are required for expanding your business in Israel:
The following steps are to be followed while registering a company in Israel: