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Opening a Business in Israel

SZ Shvarts Zedkia is a dynamic and innovative accounting and financial consulting firm. Members of Allinial Global international network of financial consulting firms deployed in over 30 countries with more than 200 member firms.

We are a one-stop-shop of financial services to multinational companies with activities in Israel. From set-up to ongoing financial and business services. Our services include: set-up, administrative services, accounting and audit, tax, bookkeeping, payroll, HR and more.
Our professional staff is highly experienced in serving international companies and help bridge the cultural and business practice gap, and it’s compromised of accountants, financial advisors and lawyers.
SZ focuses on professionalism and high quality service with seamless financial solutions.

Establishing a branch or subsidiary in Israel:

The company must have a local address and representative with signatory rights.
In order to register, a foreign company must submit all the necessary documents to the Registrar of Companies.

 

The required documents for registering at the company registrar:

  1. Form No.1 of the Company Registrar – an application form to register a company.
  2. Memorandum of Association.
  3. Articles of Association.

After the registration is complete, the Registrar will issue the company a certificate of incorporation and a company number (of 9 digits).

Important: an Israeli lawyer is required to verify the company documents. Usually a lawyer will handle the process for most requests and represent the company at the Companies Registrar office as well.

Opening a bank account in Israel:

Prior to opening a file with the tax authorities, a company must open a bank account in Israel.

 

Registering with the appropriate tax authorities and national security:

Once the company has been registered it is obligated to open files with the tax authorities (corporate tax, WHT – withholding tax and VAT – value added tax),  social security and health insurance.

 

The requirements of an Israeli company are:

 

 

SZ Shvarts Zedkia will be pleased to assist you in setting up your company in Israel. Our team is compromised of lawyers, accountants and consultants. We have the expertise needed to ensure a seamless process in establishing your company in Israel. In addition to our professional accounting and legal services we offer our clients administrative solutions to ensure a soft landing. We will take care of the registration process and provide you with on going financial solutions.

 

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