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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.
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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