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Israel is considered an attractive place to set up a business for many compelling reasons. There is a world class technology and innovation ecosystem, a highly skilled workforce, tremendous government incentives, and a strategic location bridging 3 continents.
In order to expand your business to Israel, and open the doors to this thriving market, it’s critical to navigate local regulations, cultural nuances, and operational requirements. Shvarts Zedkia offers expert guidance to international companies establishing a business in Israel, ensuring a smoother, faster, and compliant setup.
Understanding the Israeli Business Landscape
Israel is globally recognized for its innovation, but new businesses must understand local regulations, tax structures, and employment laws in order to succeed.
This is where Shvarts Zedkia can help. We provide customized advisory on local market trends and regulations, tailored to your company’s sector and needs. We share insights on cultural norms and operational best practices. And can identify industry-specific opportunities for your growth, along with mitigating risks for any challenges.
Steps for Company Formation & Registration in Israel
Foreign companies often struggle with paperwork, permits, and legal requirements for registration. Forming a company in Israel involves multiple steps, and Shvarts Zedkia can support in all these areas:
- Determine the optimal business structure, and conduct an analysis to assess the best option.
- Form the legal entity.
- Register with the tax authority and national insurance.
- Act as a local representative and contact person for all administrative and tax matters.
- Open an Israeli bank account.
- Hire employees, issue contracts, and set up payroll in accordance with local employment laws.
- Ensure compliance specific to regulated industries (ex. FinTech, Healthcare, etc)
- Ongoing support on Audit, Annual Financial Statements, Bookkeeping, VAT and Payroll reporting, and corporate tax filings.
Accounting, Tax & Financial Services
Navigating Israel’s tax system and financial reporting requirements can be complex. From VAT registration to understanding corporate tax obligations, businesses need to plan carefully to stay compliant and reduce their tax exposure.
Shvarts Zedkia can help set up and manage your accounting systems in line with Israeli standards, using local Israeli software systems that are compliant. We can handle the ongoing bookkeeping & payroll, and statutory reporting in addition to providing tax advisory to identify incentives and avoid penalties.
HR & Payroll Services
Hiring local talent and managing payroll must comply with Israeli labour laws and social benefit requirements. Israeli employment laws protect employee rights, and payroll systems must account for taxes, pension, and benefits accurately.
We can advise on local employment laws and mandatory benefits, in addition to providing the legal support of creating the employee contracts as well. We manage all payroll processing, payslips, and tax filings, so that you won’t have to.
Local Operational Support
Beyond registration, international businesses need ongoing help managing day-to-day local operations. From office leasing to IT systems to local vendor management, operational hurdles can slow your market entry.
We can help connect you with trusted local service providers and vendors, along with assistance in setting up local offices or shared workspaces. We can offer administrative support to streamline daily operations so that your business gets up and running with minimal resistance.
Ongoing Compliance & Advisory
Once established, staying compliant with evolving regulations is critical. Businesses need an annual audited financial statement, and compliance changes can impact your business if not monitored regularly.
Shvarts Zedkia looks after all its clients by conducting periodic compliance reviews and audits. We update you on new legal or tax regulations, what the implications could mean for your business, and how to best plan around them. We offer strategic advice as your business grows and your needs evolve.
Shvarts Zedkia Supports International Businesses Across Every stage
From setup, to tax and HR management, to daily operations and compliance – our firm supports international businesses across every stage.
Expanding your business to Israel offers incredible opportunities, but success starts with the right local partner.
Contact us today to find out how we can help your business establish, operate, and thrive in Israel.
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