Registration of Company in Israel - setting up of Business in Israel, Offshore Company | Law&Trust International

Registration of Company in Israel

Cost of registrationПотому что...
3 560.00
The cost of the second year: 
2 490.00
Описание: 

Registration of company in Israel

Israel is the state located on the eastern shore of the Mediterranean Sea. According to its political system, Israel is the Parliamentary Republic. The capital is the city of Jerusalem.

The country is inhabited by approximately 7 million people. The official languages in Israel are Hebrew and Arabic.

Currency is Israeli Shekel (NIS).

Israeli corporate legislation takes the common law system as a basis. It makes fast registration of the companies possible in Israel with a relatively small number of formalities. At the same time, the company may be engaged in any form of legal activity. Company in Israel is not an offshore company in the classical meaning of the word, but it can be effectively used in the trade and investment schemes. When the direct use of offshore is impossible, it is a company in Israel which may be the best solution for business owners.Business in Israel becomes increasingly popular.

The legal framework in Israel

The activity of commercial companies in Israel is regulated subject to the Law "On companies" (1999).

The forms of doing business in Israel

  • companies (associations);
  • branches and representative offices of foreign companies;
  • partnerships;
  • cooperatives;
  • noncommercial organizations.

In accordance with the legislation the companies are divided into two categories:

- public companies (joint stock companies);

- private companies (private companies limited by shares).

The most common organizational and legal form of Israeli companies is a limited liability company (LLC).

Why it is profitable to register or buy a company in Israel:

If the LLC becomes insolvent in Israel, only company assets are used to repay its debts.Employees of the company in Israel do not bear personal obligations, and liability of shareholders is limited to the amount of outstanding shares.It is also important that shareholders have more possibilities to control over the activity of the company.

LLC in Israel has the advantage of raising finance through the sale of issued shares to investors.The new shareholders and investors can easily assimilate. The relatively small tax is reduced year by year, and in 2016 it amounted to 18%.

The company continues to exist even in case of death, resignation or bankruptcy of board members and participants.

Cons of LLC in Israel.

Relatively high cost of establishing a company, and longer lasting registration, in comparison, for example, with a small business.

Higher level of:

- imposed penalties,

- duties,

- current expenses,

- control by the public authorities.

Private or public company.

The public company must publish an annual report, which includes financial statements and the report of the Board of Directors, in the form prescribed by law. This information is publicly available.

Private company should not be composed of more than 50 participants (shareholders).

Information concerning the activity and financial conditions of the company is not available to a wide range of people.

Branches/representative offices of foreign companies.

A foreign company that wants to register its branch, representative office, or subsidiary in Israel must be registered in the Register of Companies. It is necessary to provide a list of directors and the company's representative in Israel.

Partnerships.

Registration and activities of Israeli partnerships are controlled according to the Decree on partnerships. Contract acquiring the value of the Charter is at the core of the relationship between the partners.

Cooperatives.

This form of business in Israel is primarily used in agriculture and transport.

Noncommercial organizations.

Noncommercial enterprises are generally used by sports, charitable, educational and other types of organizations that do not aim to make a profit with the further distribution among members of association(as opposed to companies and partnerships). Pay attention that these enterprises may be engaged in economic activities.The only nuance is laid down in the fact that the incomes should be directed at the development of the statutory activity of the organization.

Registration of the company in Israel. Primary requirements.

  • At least one director and one shareholder are required.
  • Shareholder and director (that may be one and the same person) should not necessarily be the residents of Israel.
  • The founding documents are allowed to be registered in English. The Charter of the company must be in Hebrew.
  • Company Name should be chosen in Hebrew, but English translation can also be registered. The title should not contain such words as royal, government, cooperative, municipal, chartered, chamber of commerce, imperial, society of association and others.
  • Company Name of LLC in Israel must necessarily include an abbreviation LTD.
  • The registration procedure is simple, but requires attorney’s certification of the signature of the registering person.
  • If a company has non-resident owners or directors, its registration initially takes place on behalf of local incorporators, and only after that all the necessary changes shall be carried out.

Bookkeeping in Israel

All the companies doing business in Israel are required to submit audited annual financial statement, within 5 months after the end of the fiscal year. The company's activities throughout the year should be reflected in the report. Reporting tax period shall usually be a calendar year. Sometimes other time-limits apply with regard to branches of foreign public companies.

Taxes in Israel

Company in Israel shall pay the following types of taxes:

- corporate,

- on representations,

- collaborating taxes,

- on profits,

- value added.

The tax system in Israel is based on the territorial principle, Thus, the income of the company is subject to taxation if this income is received in Israel.

The company in Israel does not pay taxes in the following circumstances:

  • The company's shareholders are non-residents of Israel:
  • All directors of the company are not residents of Israel;
  • The company does not conduct activities in Israel and does not interact with the Israeli legal entities/individuals.
  • Management of the company is carried out abroad.

Earnings of Israeli offshore company, which pass through the accounts in local banks, are subject to taxation at a rate of up to 52%.

It is possible to conclude an agreement on the amount of recognized income from operations related to mediation, at a rate of 1%.

Thus, the aggregate tax may amount to 0.52% of the turnover. A taxable base may be reduced by means of recognized costs.

Registration of the company in Israel can be a great start and the continuation of international business.

With our help You can register or buy a company in Israel at the shortest possible time.

Registration of companies and offshore companies is one of the main directions of our work. If it is necessary, the clients can be provided with additional information regarding the offshore areas of Israel.

Financial statements: 
Да
Basic corporate tax rate: 
36.00%
Payment of Charter Capital: 
0.00
Number of Directors: 
1
Комплект документов: 
A foreign citizen who wishes to register a company in his own name in Israel, should add to the standard list of documents a copy of passport. If a shareholder is a foreign company, it must submit the following documents: a certificate of registration in the country, the decision of the general meeting or the board of directors of the company registration in Israel and such a decision granting the right to sign in all that relates to the new Israeli company, a copy of passport of a person having authority to sign. To all of these documents applies the normal rules of certification of foreign documents: provided Russian documents may be copies of the original documents and should be notarized and with Apostille stamp.
Nominee Director and Shareholder: 

Information about the beneficial owner may be hidden by using of nominee service. We offer as nominee directors citizens of rating jurisdictions. You will be able to privately manage the company and a bank account, using the general power of attorney issued by the Director.

Square: 
8.00
Population: 
8 252 500.00
Capital: 
Jerusalem
Unemployment: 
6.50
Place in the world in corruption: 
32
location: 
Israel - a small country in the Middle East. Israel has a border with Egypt, Syria, Lebanon and Jordan.
National currency: 
New Shekel (ILS, code 376)
USD exchange rate: 
0.26
Climate: 
In Israel a typical subtropical Mediterranean climate.
The difference of time zones with Moscow: 
UTC+3
Telephone code: 
972
Official language: 
Hebrew and Arabic, in addition, common English and Russian as well as French, Amharic (Ethiopian), Spanish, Romanian, Polish, Yiddish, Ladino, Hungarian.
Ethnic groups: 
77.2% Jews, 22.8% non-Jews (mostly Arabs).
Literacy rate: 
99.00%
Credit rating: 
А+
State polity: 
parliamentary republic
Executive authority: 
government of Israel
Legislative authorities: 
The Knesset - the parliament of one chamber, which includes 120 MPs from different parties.
The judiciary: 
Supreme Court
GDP per capita: 
32
Minimum number of directors: 
1
The requirement for residency directors: 
Да
Director of legal entities are allowed: 
Да
The data reveals to the local agent: 
Да
Data field to the public registry: 
Да
The requirement for the presence of the Secretary: 
Да
Requirement to the residense of the Secretary: 
Нет
Requirements to qualification of the Secretary: 
Нет
Legal entity as the Secretary: 
Нет
Minimum number of shareholders: 
2
Shareholders-legal entities are acceptable: 
Да
Shareholders residency requirement: 
Нет
Information may be disclosed to the local agent: 
Да
Data is entered in the public register: 
Да
Information about the beneficiary is disclosed: 
Нет
Information about the beneficiary is disclosed: 
No
The minimum amount of the issued capital: 
No
The minimum amount of paid-in capital, nat. currency: 
Standard authorized capital 30,000 NIS.
Terms of capital payment: 
Is declared, it does not require its payment.
Bearer shares: 
Нет
The usual size of the authorized capital: 
30,000 NIS
Usual nominal value of shares: 
determine the cost of each in 1 shekel and the number of common shares equal to 100.
Possibility to issue shares without par value: 
Нет
Corporate tax rates: 
25.00%
Capital gains tax: 
Нет
VAT: 
Нет
Currency control: 
Нет
Corporate tax rates details: 
Rate reduced from 24% as from 1 January 2018. Special rates apply to companies classified as preferred, approved or benefited enterprises. Branches may be subject to additional 15% tax.
Other taxes: 
In Israel paid the following taxes: corporate tax, representation, partnership tax, income tax and value added tax.
Stamp duty: 
Нет
The requirement for filing reports: 
Да
Open access to reports: 
Нет
Statutory audit: 
Да
The requirement for filing Annual Return: 
Да
Open access to the Annual Return: 
Да
The requirement for reports: 
Да
Treaty on avoidance of double taxation (States which signed): 
30
Membership in the OECD: 
Нет
Is it offshore according to Russian legislation: 
Да
Opportunity to purchase ready-made companies: 
Да
Legal system: 
Currently, the Israeli legal system has elements of both common law (Anglo-Saxon) and the continental system.
Terms of purchasing ready-made company: 
7 days
The use of the Cyrillic alphabet in the name: 
Нет
Local registered office: 
Да
Organizational and Legal Forms: 
In Israel, there are 3 main types of business registration. Private entrepreneurs (Esek paturej and Esek murshe), a limited liability company (Chevra baam), non-profit and charitable organizations.
Terms of registration: 
1-14 days
Prohibited expressions in the name: 
Name of the company should be in Hebrew and may have a second name in English; Company name should not contain the following words: "Royal" or "Imperial", "Government", "Municipal" or "Chartered", "Cooperative", "Chamber of Commerce", "Society" or "Association"; Company name must not contain words for other organizations established in accordance with a special law (for example - bank, insurance company, finance company, trust, etc.); Name of the company should not include registered in Israel trading symbol.
Local registered agent: 
Нет
Местные директора: 
Нет
Nominee service: 
1 390.00
Всестороннее рассмотрение ТМ, первый класс: 
256.50
256.50
Всестороннее рассмотрение ТМ, дополн. класс: 
229.50
229.50
Запрос регистрации ТМ, первый класс: 
954.00
1 818.00
Запрос регистрации ТМ, дополн. класс: 
657.00
1 318.50
Свидетельство о регистрации ТМ, первый класс: 
360.00
693.00
Свидетельство о регистрации ТМ, дополн. класс: 
238.50
477.00
Примечание, ТМ: 
Комплексные исследования товарного знака в Израиле предоставляются только для мировых товарных знаков. Для того, чтобы защитить "Товарный знак и Логотип" оптимально, необходимо представить 2 отдельных приложения. По этой причине цена вдвое больше цены на "Товарный знак или логотип".
Итого, ТМ, первый класс: 
1 570.50
2 767.50
Итого, ТМ, дополн. класс: 
1 125.00
2 025.00
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