It has never been easier to do business in Israel than it is today. Israel is situated along the Mediterranean coast and the major cities are Jerusalem, the capital, with numerous historical and religious sites, Tel-Aviv, the financial, commercial, and industrial center, Haifa, principal port city, and Beer Sheva, the largest city in the Negev. Israel is a secular democracy, whose parliament (Knesset) is elected at a general election every four years. The legal system is based on both common and corporate law. A highly educated, talented and diverse workforce help to make Israel a desirable place to do business. Additional factors are an impressive track record of developing profit driving technologies, modern infrastructure, high level of scientific research, and supportive government programs all help to create a rich climate for innovation in Israel.
IBCF Services in Israel
- Entity Formations and Foreign Registrations
Forming a company in Israel is not extremely complicated. Clients have the choice to either form a domestic entity or register a branch of an existing entity in Israel. It is important to add that directors and shareholders should either come to Israel to sign the official documents in front of a Lawyer, or must sign in an Israeli consulate. Each Israeli company must file audited financial reports with tax authorities annually and (if active) VAT reports must be filed every month. We can assist you to find an accountant/bookkeeper to assist with the required filings. In most cases, the company should plan to have an officer in Israel to sign reports, liaise with the Authorities and to fulfil required duties.
The Registrar of Companies was established by the British at the time of the British Mandate in 1929 based on the companies act. The Corporations Authority was then established in 2007 as an organization responsible for the registration, supervision, enforcement and control of corporations in Israel. The Authority includes the Registrar of Companies unit, the Registrar of Partnerships unit, the Registrar of Pledges unit, the Registrar of Associations unit, the Registrar of Charitable Trusts and public benefit companies, as well as the Registrar of Political Parties unit. Our experienced corporate specialists are ready to help you with every step of getting formally registered to operate in Israel.
- Registered Agent/Registered Office
In Israel a registered office is mandatory and will be the location where statutory documents from the Corporations Authority are sent. The registered office is typically where the actual physical office of the entity is located. In case this is not possible, our agents are able to assist, once the no-conflict checks have been completed and a power of attorney is in place. Registered agent/registered office services in Israel are not as commonly done by 3rd parties as in most common law jurisdictions. With that being said, we are happy to explore the specifics with you directly to determine the best course of action for your entity in Israel.
- Document Retrievals (i.e Good Standing, Certified Copy)
The Israeli Authority of Corporations Registrar of Companies and Partnerships is the agency which certifies & issues corporate certificates and certified documents. We are able to obtain a good standing equivalent, as well as certified formation documents fairly easily.
For additional information about this service, speak with a corporate specialist directly at +1 845 398 0900 or complete the contact form and a corporate specialist will contact you shortly.
- Due Diligence Searches (i.e Lien, Judgment, Bankruptcy)
We often have clients request that we perform “Due Diligence Searches” in Israel and these generally consist of searches for: liens (debentures), bankruptcies, judgments, pending proceedings & debts owed to tax authorities, just to name a few. We are happy to customize a search report for you. Please reach out to us for more information.
Doing business in a foreign jurisdiction is time consuming enough, let alone the corporate governance and reporting that goes with it.
Partnering with IBCF as your single point of contact can assure you that your critical corporate compliance requirements are handled in a timely, expeditious and cost conscious manner.
An overview of our corporate compliance offerings include:
• Manage yearly jurisdictional compliance requirements and information
• Preparation and filing of statutory filings with corporate registry
• Maintenance of corporate information on compliance specific platform
• Due date tracking capabilities
• Maintain company shareholders and minutes
• Prepare board and/or shareholder resolutions
• Prepare and file audit documents related to corporate changes
• Prepare and file director, officer and shareholder changes
• Prepare meeting documents
• Registered Agent/Registered Office
*Availability of Services are subject to change
For additional information and pricing about our corporate compliance offerings, please contact us and a compliance specialist will contact you shortly.