When examining a jurisdiction in which to incorporate, the first thing to look at is the legal code. The underlying law in Israel is mixed (common) law. You will want to get some local advice as to how to best structure a company in Israel. Electronic signatures are permitted.
The letters IL is for Israel and the most common legal entity type in Israel is a LLC.
The average time to incorporate is 1 Week to incorporate a LLC in IL. The minimal capitalization, or amount you're expected to put into a bank, is 0, This means you don't have any minimum share capital. The types of cash you can use to fund your company is frequently any legal tender.
Yes, one is allowed to re-domicile a LLC from IL. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own a LLC in IL by yourself. Corporate Shareholders are allowed, meaning you could have a company as a shareholder. Foreign ownership is allowed, up to 100% of the ownership of the legal entity.
A company is only required to have one director. Additionally, corporate directors are permitted. Directors are disclosed publicly. There is a body of law which requires companies to hold an annual meetings of shareholders.
A registered office is a requirement, whom the company will pay yearly, for a legal services company which can receive any lawsuit papers on behalf of the business. However, a corporate secretary is not always necessary, at least not by law.
There is a requirement to file accounts to relevant authorities. On that note, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are not in effect.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Israel, Investinisrael. Shareholders are disclosed in the Investinisrael.
Typically companies take 1 week to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Israel is a good option and have given it a score of 80 as an IO score, using the Incorporations.IO proprietary formula.
1 Week to form