10 steps to incorporating in Israel in 2024

Israel incorporation stepsBy requesting Healy Consultants Group to register their company in Israel, our Clients do not have to travel to Israel to start their company. Our Firm will complete the incorporation procedures on their behalf. Please refer to the section below for further details on the steps to setting up a company in Israel.

  • Pre-incorporation steps

    1. Consultation phase:

      Prior to commencing the Israel business set-up, we discuss i) our Client’s business goals, ii) requirements for their new entity, iii) plan the optimal structure for the entity iv) fees payable for the engagement and v) potential licensing requirements;

    2. Client due diligence and commitment:

      Thereafter, Our Client i) settles Healy Consultants Group’s engagement fee; ii) signs and returns our Client Engagement Letter; iii) provides us all the due diligence documents;

    3. Planning phase:

      Our team draft a detailed engagement project plan, mapping out by week each step to engagement completion, optimizing transparency, and setting Client expectations for the registration process. Healy Consultants Group then assists our Client to determine i) what type of Israeli business entity is required ii) what class of business license is required and iii) Israel corporate banking and cash flow considerations; In this phase the exact Israeli corporate structure is agreed upon with our Client, including directors, shareholders and legal tax representatives.

    4. Documents preparation:

      Healy Consultants Group prepares and sends to our Client a list of documents required for a company registration, which needs to be i) certified by a Notary Public and ii) legalized by the closest Israel Embassy;

  • Incorporation steps

    1. Name reservation:

      Our Client supplies three unique names for the company, listed in order of preference. The name must be unique from other companies already registered in Israel.

    2. Registered address:

      In accordance with the Israeli law, our Client must secure a registered office address to which official correspondences can be sent and statutory records can be inspected. Healy Consultants Group may supply virtual office space, this service is included in our standard service offering;

    3. Document submission:

      Following receipt of the original legalized incorporation documents from our Client, Healy Consultants Group submits a quality company incorporation application with the Israeli Government;

    4. Incorporation approval:

      Within 3 weeks from submission, the entity will be incorporated. Following Israel company registration, our Firm immediately emails our Client the certificate of incorporation.

  • Post-incorporation steps

    1. Tax registration and appointment of a tax representative

      To comply with the law, a local Israeli is required to be appointed as the legal tax representative. This person is solely and personally responsible for the company, including possible entity debts and liabilities, in front of the Tax Department. Healy Consultants Group will be happy to supply a legal tax representative for a one-time finder fee of US$3,950. This fee includes the time spent i) to find a suitable tax representative ii) to negotiate terms and conditions with the same and iii) to draft the service agreement. The fees agreed with the local tax representative, will be payable directly to the individual.

      Following the above, Healy Consultants Group will submit a tax registration application to the Ministry of Finance. The estimated timeframe to complete tax registration is 3 weeks;

    2. Corporate bank account opening

      Healy Consultants Group will prepare a detailed quality business plan to support a multi-currency corporate bank account opening. All the banks in Israel will require our Client to travel to Israel for a one-hour meeting between the bank officer and our Client. If our Client cannot travel, a local Israeli co-bank signatory needs to be appointed;

    3. Engagement completion

      Healy Consultants couriers a full company kit to our Client, including original Israel corporate documents, unopened bank correspondence (if any), and a Client feedback survey.

      Our Client will now have monthly, quarterly and annual accounting and tax obligations. Healy Consultants Group will be happy to assist our Client discharge these obligations timely;

Contact us

For additional information on our company incorporation services in Israel, please contact our in-house country expert, Mr. Seth Ochieng, directly:
Director of Client Engagements - Seth
  • Mr. Seth Ochieng
  • Director of Client Engagements
  • Contact me!
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