Setting up a Business in Israel

Overview by Globlatrade.net:

Legal Forms of Companies

Types of Companies and Capital (Max/Min) Number of Partners/Shareholders and Liability Registration Fees
Public limited company (business corporation)
 
 
no minimum capital
minimum 7 partners
 
 
liability limited to the amount of contributions.
Company's registration documents certified by a lawyer: NIS 1,540; Registration to the Ministry of Justice: NIS 2,200.
Limited Liability Private Company (SARL)
 
 
no minimum capital.
minimum 2 partners maximum 50 partners
 
 
liability limited to the amount of contributions.
Company's registration documents certified by a lawyer: NIS 1,540; Registration to the Ministry of Justice: NIS 2,200.
La General Partnership
 
 
no minimum capital.
maximum 20 partners.
 
 
unlimited liability for debts and obligations of the company.
Company's registration documents certified by a lawyer: NIS 1,540; Registration to the Ministry of Justice: NIS 2,200.
Limited Partnership.
 
 
no minimum capital.
maximum 20 partners.
 
 
At least one partner should have an unlimited liability. The liability of other partners is limited to the amount of contributions.
Company's registration documents certified by a lawyer: NIS 1,540; Registration to the Ministry of Justice: NIS 2,200.
 
Enterprises Federation
Agency for SME
 

Business Setup Procedures

Administrative Formalities
According to World Bank, Israel is the country where it is easier and quicker to create a company and obtain a credit. There are 5 administrative procedures for opening a business in Israel. The companies should be registered with the Trade Register. Documents to be drawn up in Hewbrew and a financial analysis in Sheqels.
The Competent Organization
Registrar of Companies, Ministry of Justice.
Time Necessary for Registration

The registration procedure is quite fast: a few days. An average of 34 days to set up one's small or medium enterprise.

 

Recovery Procedures

Principle
Enforcement Law in Israel is often criticized. The creditors argue that the system is inefficient and does not provide legal instruments for collecting debts.

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