Business Administration in Israel

Overview by Globlatrade.net:

Setting Up a Company

Legal Business Entities

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.
 
Business Setup Procedures
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.

Return to top

Working Conditions

Legal Weekly Duration
Maximum 45 hours per week
Retirement Age
From 60 to 65 years for women and from 65 to 70 years for men.
Working Contracts
The employment contract is drawn up through legal provisions and to a lesser extent through collective agreements. The employment contract can be written or oral. It can be for indefinite, definite or temporary duration.

Return to top

Cost of Labor

Minimum Wage
3585.18 ILS.
Average Wage
Average monthly gross earnings in Israel was ILS 7,320 (USD 1,883) in 2007.
Social contributions
Social Security Contributions Paid By Employers: 4.93 %.
Social Security Contributions Paid By Employees: 9.70%

Return to top

Social Partners

Social Dialogue and Involvement of Social Partners
Most of the unions belong to Histadrut (General Federation of Labor in Israel), or to a much smaller rival federation, the Histadrut Haovdim Haleumit (the National Labor Federation). Negotiations are carried out at the national and sectoral level.
Unions
Histadrut
Unionization Rate
Unionisation rate in percentage of the labor market population in Israel : 23% in 2004.
Labor Regulation Bodies
Ministry of Industry, Trade and Labor

Return to top

Any Comments About This Content? Report It to Us.

 
 
Find more on GlobalTrade.net about Operating a Business in Israel.
 
Read more See less
Experts Views (2)
Hot Tips (1) Go Top
Post your content

WANT TO APPEAR ON THIS PAGE?

Post content about Business Administration in Israel and you will be listed here to receive requests for offers.

Contact our expert contributors
  • How2Go Consultoría de...

    Internationalization Consulting, Brazil

  • U.S. Commercial Service Israel

    U.S. Department Of Commerce, Israel