Registering a company in Israel is a straightforward process that involves selecting a company type, choosing a name, preparing documentation, and registering with the ICA and the Israel Tax Authority. By following this guide and utilizing the provided resources, you should be well on your way to successfully establishing your business in Israel.
Step 1: Choose your company type
The first step in registering a company in Israel is to choose the type of company you want to register. The most common types are:
- Private Limited Company (Ltd)
- Public Limited Company (Plc)
- Partnership
- Sole Proprietorship
Step 2: Choose a company name
Before registering your company, you'll need to choose a suitable name. The Israel Corporations Authority (ICA) has guidelines for acceptable names, which can be found at this link: https://www.justice.gov.il/En/Units/Corporations/Pages/default.aspx
Step 3: Prepare the required documents
Next, prepare the necessary documentation for your chosen company type. The key documents are:
- Articles of Association (AoA) - for Ltd and Plc
Incorporation Application Form - available on the ICA website: https://www.justice.gov.il/En/Units/Corporations/Forms/Pages/default.aspx
Step 4: Identify company officers and shareholders
You will need to identify at least one director and a company secretary. Directors must be at least 18 years old. Shareholders can be individuals or corporate entities.
Step 5: Register your company
Once your documents are ready, you can submit your application online through the ICA's website: https://www.justice.gov.il/En/Units/Corporations/Pages/default.aspx
The fees for registering a company are as follows:
- Ltd: ₪2,659 (approximately $830)
- Plc: ₪8,847 (approximately $2,750)
Step 6: Obtain a company seal
Israeli companies are not required to have an official company seal, but it is recommended to have one for the purpose of signing official documents.
Step 7: Register for taxes
After your company is registered, you must register for taxes with the Israel Tax Authority. This can be done online via the following link: https://taxes.gov.il/English/Pages/HomePage.aspx
Time-frame:
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 2 to 4 weeks, depending on the chosen method of submission and the complexity of your application.
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