How to open a business in Israel

Israel is a country with a dynamically developing economy and a high standard of living. If you wish and fulfill a number of conditions, a Russian citizen can open his own business there. To do this, you need to know the features of the bureaucratic system of the country.

Instruction manual

1

Get a document that allows you to legally live and work in Israel. There is no special business immigration program to this country, so you need to get a work visa or residence permit on the basis of kinship with Israeli citizens. Also, a person who has Jewish roots or has converted to Judaism can emigrate. To draw up the necessary documents and get advice, you should contact the consular department of the Israeli Embassy in Moscow.

2

Collect money to open a business. If you do not have enough. You can take a loan from an Israeli bank. But it’s worth counting on those who live in the country for a long time and have a source of income within it.

3

Begin the registration procedure with the tax service that collects VAT. You can find its coordinates in the local directory of organizations. When registering, select a tax payment form. It is different for small and for large firms. If you plan to start a small business, then a system is more suitable for you, in which your counterparties in transactions do not pay you VAT.

4

With the registration documents received, contact another tax service that specializes in income tax.

5

Contact the Israel Insurance Authority. There you will need to fill out papers related to medical and other insurance for you and your future employees.

note

In Israel, there are types of businesses that require special education and diplomas. It includes medical services and transportation. But if Russian driving licenses can be confirmed and used, then the situation is more complicated with doctors. A specialist who decides to open a private practice will need to actually retrain. The exception is the case when you become only the director and owner of a medical center in which employees with Israeli diplomas will work.