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Israel

Israel Flag

Country: Israel
Region: Middle East
Currency: Israeli New Shekel (ILS) (?)
Languages: Hebrew, Arabic
Time Zone: UTC +2

Phone Code: +972

Communications: Good

Formation Cost: 2100 - 3300 USD$
Formation Time: 15 - 25 days
Maintenance cost: 1200 - 1600 USD$

Executive Summary: With a population estimated at 7,590,758 in July 2012, Israel's service sector dominates the economy, with 66.6% employed within it in some capacity (and the remainder employed within industry or agriculture, representing 30.9% and 2.5% respectively.) Key exports include high tech equipment, agricultural produce, and gemstones. The most common business structures used by businesses in Israel are Partnerships, Sole Proprietorships and Limited Companies, with the latter the most popular. The corporate tax rate is 25%, and the standard VAT rate is 17%. As of early 2013, there were 51 tax treaties in place.

Suitable for: Wealth Management, Insurance, Fund Management, Yachting, E-gaming
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
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Vehicle Types: Limited companies, public limited companies, trusts, branches, general partnerships and limited partnerships

Capital primary business districts: Jerusalem

Good Relationships: China, India, Jordan, Philippines, Singapore

Bad Relationships: Egypt, Iran, Kuwait, Turkey

Tax Burden - Business: Moderate

Tax Burden - Individual: Heavy

Headline tax rates: CIT 25%, PIT 10%-48%, VAT 17%

Treaty Jurisdictions: Austria, Belarus, Belgium, Brazil, Bulgaria, Canada, China, Croatia, Czech Republic, Denmark, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hungary, India, Ireland, Italy, Jamaica, Japan, Korea, Republic of, Latvia, Lithuania, Luxembourg, Malta, Mexico, Moldova, Netherlands, Norway, Philippines, Poland, Portugal, Romania, Russia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, Ukraine, United Kingdom, United States, Uzbekistan, Vietnam

TIEA Jurisdictions: None

Information Links:

 

 

 

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Important Notice: Wolters Kluwer TAA Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.

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