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Israel Company Formation

ISRAEL
Type of Entity: Company
Type of law: ISRAELI
Shelf company availability: Not necessary due to quick incorporation time
Incorporation time frame: 1-2 business days upon receipt of all legalized required incorporation documents
Minimum Government fees: NIS 2,244 (EUR630)
Regular Corporate Income Tax: 23%
Double Tax Treaty access:
Minimum issued share capital : None
Minimum paid up share capital on incorporation: None
Minimum number of Shareholders required: One
Bearer Shares: No
Nominee Shareholders Permitted: Yes
Minimum number of directors: One
Corporate directors permitted: Yes
Local directors required: No – but there is a requirement for a representative to be registered with the tax authority.
Local meeting required : Yes, at least once a year
Company secretary required : No
General Meetings of Shareholders: Required to hold a general meeting of the shareholders every year and no later than 15 months following the previous general meeting
Local Registered office required: Yes
Tax residence to benefit from Tax Treaty network: Tax advice available on concrete basis
Exchange Control: No
Disclosure of beneficial owner to Company Registrar: Yes, Disclosure of beneficial ownership applies to all companies whether the shareholders are individuals or corporate shareholders
Government register of directors: No
Annual return: Yes
Submission of accounts: Annual + VAT monthly
Audit: Yes, annually, by an external auditor who is an accountant
Change of domicile Permitted No

We do our best to monitor the compliance of this jurisdiction with the latest international regulations set by OECD and other international institutions and countries.

At any moment, Damalion may decline any customer demand about this jurisdiction, at its sole discretion and without any obligation to provide any reason.

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