1 Gal Oger & Co., accounting and tax consultancy firm, is a leading service provider for overseas-based global contractors involved in domestic infrastructural and energy projects establishing permanent operations (usually 6-12 months in duration) in Israel. We provide fiscal representation and a wide range of services relevant to these operations, such as financial statement compilation and auditing, financial and banking management services and payroll solutions. These and other services included in our offering are uniquely designed to facilitate the employment of foreign experts in Israel, including handling and managing the special work permits these experts need to participate in local projects. We also provide ongoing reports to the Israeli Tax Authority and resolve various taxation issues as they arise. For many years now, we have been cooperating intensively with leading consulting firms in Israel, including commercial law firms, the Big 4 global accounting firms and other major economic entities. Our own team, however, is the key to our success: first-rate professionals with extensive experience and knowledge in the firm’s activity areas, including international financial management, individual and corporate tax consulting, complex payroll issues, various taxation and investment incentive laws, and external auditing at a quality virtually unrivalled in Israel. Gal Oger & Co. is your first and one-stop shop in Israel. 2 Establishing a Business in Israel - Our Nine-Step Guide 1. Step Service Provider Obtain company registration documents certified by an attorney Legal business partner The following company documents must be certified by an attorney: • Application to register the company • Declaration by the initial director(s) of competence to serve • Initial shareholders’ signatures on articles of association Evaluating tax position & structure 2. Consulting on the holding and incorporation structures best suited to your taxation purposes, based on your business objectives and legal principles, precedents and current practices. File with the Registrar of Companies at the Ministry of Justice 3. Gal Oger & Co. In order to meet the requirements of Israeli tax regulations as set forth in the VAT Law and the Income Tax Ordinance, Israeli representation is required, with the representative registered in the Tax Authority as acting on behalf of a foreign-based taxpayer in the course of its business operations in Israel (as a foreign corporation’s branch). Register for VAT at the Ministry of Finance’s, Customs and VAT Department 6. Gal Oger & Co. To register a company for taxation purposes, the representative must file the company's deed and the certificate of registration. Final registration confirmation may take up to 28 days. Appointing a fiscal representative 5. Legal business partner To register a company, your representative must: 1) File articles of association 2) Have the directors sign a declaration stating that they have the capacity to serve and authenticate their signatures by an attorney (may require formal translation, notary and Apostille authentication). 3) Have the shareholders sign a declaration stating that they have the capacity to hold shares in a company and authenticate their signatures by an attorney Register for taxes at the Ministry of Finance’s, Income Tax Department 4. Gal Oger & Co. The regional VAT office also operates under the Ministry of Finance. To register for VAT, the representative must file the certificate of incorporation, identity documents for all directors, a lease agreement, and Gal Oger & Co. 3 Step Service Provider other information. Please note that a local bank account is essential for the VAT registration process and enables you to open a withholding tax file. Register with the National Insurance Institute (Bituach Leumi) 7. Bituach Leumi covers all gainfully employed individuals, with provisions including social security, unemployment insurance, severance payment, training funds, health insurance, and government pensions. Expat relocation services 8. Big4 business partner Handling special payroll arrangements: We provide support in compiling expat payroll reports and meeting all relevant requirements, including national (social) insurance and general and medical private insurance policies. R&D Incentives 9. Gal Oger & Co. Research and development grants are available from the Office of the Chief Scientist (OCS) at rates ranging from 40-50%. International support programs of up to 50% include binational funds for joint R&D programs with a foreign counterpart: Israeli companies participating in the program are entitled to R&D grants from the OCS. Big4 business partner
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