Set-up Your Business in Israel

The Right Way to Set Up a Business in Israel
Making Sure Your Business Plays by the Local Rules and Regulations

Establishing a company in Israel involves several legal considerations. As a foreign company, these issues are all aimed at complying with local law and preventing future misunderstandings with tax authorities.

Registering with the Israeli tax authorities and filing with the Registrar of Companies are also requirements for Israeli business activities. The VAT, income and withholding tax, and social security files of a business must first be opened prior to commencing operations. We are here to make sure things go smoothly.

Here Are Some Basic Tax Facts You Should Be Aware Of
  • A branch or local subsidiary must file an annual Israeli corporate tax return, audited by a certified accountant, with the ITA (Israel Tax Authority) and pay Israeli corporate tax on taxable income
  • PE in Israel is responsible for maintaining and retaining original documentation as well as accounting records
  • PE must manage compliance of vendor payments and their withholding tax requirements
Here's How We Can Assist You
  • Preparation of all statutory reports in compliance to all regulations
  • Monthly/quarterly management reporting packages including profit and loss, balance sheet, cash-flows, tax provisions and forecasting, flux analysis and reconciliations
  • Payroll elements- including pay-slips, travel and out of pocket expenses, administration and more
  • Reports for audit under US GAAP, IFRS and local GAAP
  • Company’s tax calculations according to Transfer pricing or any other tax ruling
  • Acquisition or sale of an entity – Brooks-Keret has vast expertise working with the investors or the entity being acquired, we provide services such as preparation for Due- diligence and providing an analysis of an entity’s financial status
  • Consolidation of an acquired entity into the acquirer’s activities

 

As part of your expansion plans, we will be happy to help you establish a meaningful presence in Israel.

 

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Your business is special and should be treated as such. We provide our services in a personalized manner, tailored to your needs.

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“Brooks-Keret functions as my CFO and provides me with end-to-end financial services. We really enjoy the partnership with Brooks-Keret. I highly recommend them, and when the time will come for my next version they will be the ones I call on again.”
Amit Nisenbaum, CEO |
Ahoy
“Brooks-Keret are the kind of people who work hard to get everything done. We really appreciate the way Brooks-Keret proactively push us to do what needs to be done in terms of financial management.”
Kira Radinsky, CEO & CTO |
Diagnostic Robotics
“Brooks-Keret provides us with the necessary peace of mind to effectively manage our company, by assuming an end-to-end responsibility for the financial aspect…”
Tamir Magen, Co-founder & CEO |
SPIRITT
“I have been working with Brooks-Keret for over 5 years and am very satisfied with their end to end services. Throughout our time together, Brooks-Keret were always available for our needs, providing a quick response with great professionalism”
Gil Peleg, CEO |
Model 9
“As a founder, who build a company from the ground up, there are so many decisions to make regarding company finance and accounting setup, payroll setup, hiring, legal, insurance, and many other subject matters. Right from early on, Brooks-Keret played a crucial role as trusted business finance partners.”
Vladi Sandler, CEO |
Lightspin

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