NewsCase StudiesEvents

Expanding a Business in Israel

Israel

Expanding a Business in Israel

Israel Business Experts

Recent forum posts

 

  1. Key Trends Shaping the Commercial Office Space Market in 2020-21

    The commercial office space market in India is witnessing a enormous change in 2020.THE DEMAND FOR COMMERCIAL OFFICE SPACE PROPERTIES IS MOUNTING UP DAY BY DAY. THERE IS A HUGE POTENTIAL GROWTH IN END USERS AND INVESTORS ALIKE. EARLIER THE GOVERNMENT RETIRED PERSONALE USE TO PUT THEIR PROVIDEND FUND MONEY INTO BANKS BUT NOW THEY ARE INVESTING IT AS THE COMMERCIAL PROPERTIES ARE OFFERING GOOD R

    Total Posts: 2 Last post by ElizaSmith

  2. Selling my Franchise

    Hi My husband and I have franchised our travel business. How easy or difficult would it be to sell our UK franchise to South Africans? Is it very complicated in relation to the authorities? We will continue to live in the UK but are prepared to travel to South Africa whenever required. We are also hoping to communicate via the internet to keep in touc

    Total Posts: 8 Last post by ElizaSmith

Israel Entering The Market

Formed in 1948, Israel is a comparative youngster on the world stage. Although the Middle Eastern Jewish state has had a somewhat contentious time since its conception (to put it mildly), its resolute people have built a successful economy and Tel Aviv is a buzzing and modern city that recently celebrated its 50th Anniversary. The home of Jerusalem and Galilee, despite its rich history, Israel is not a place that is satisfied with just languishing in its past. With an insatiable appetite for technology and scientific advancement, its eyes are firmly focused on its future. Arguably one of the most westernized economic structures in the Middle East, Israel is the UKs third biggest export market.

Why Expand to Israel?

With Israeli business law based on the British system and no language barriers, Israel is a place where UK businesses are openly welcomed, with goods receiving a warm reception. Although quite a small country, the Israeli economy is successful and has seen growth in excess of 5% over the last three years. Israel is known for its relationship with high tech industries, even earning itself the nickname of Silicon Wadi on account the presence of blue chip companies in its economy. With an open and liberal FDI (Foreign Direct Investment) regime, incentives such as tax breaks, setting up a business in Israel can be a highly profitable move. The country also enjoys a free trade relationship with the EU.


Business Opportunities

  • Science and Technology - With Israel investing a whopping 4.6% of its GDP in R&D (Research and Development), a commitment to technology has seen it emerge as tenth in the world for venture capital investment, illustrating the pioneering nature of Israeli enterprise. The state has attracted names such as Intel and IBM to its high tech economy and is building a strong reputation in the field. The GDP budget and the fact that 50% of Israels exports are now in the technology sector, indicates the importance that the Israelis place on this market. Israel also boasts a highly educated and talented workforce in this sector.

  • Life Services and Healthcare - As with technology, Israel is committed to developing its pioneering healthcare and life services industry. With companies such as GE Healthcare attracted by the governments commitment to growing the sector and the high caliber of its workforce, Israel offers a cost effective way of pursuing cutting edge development.

 

Challenges Foreign Companies Face

Security is still an everyday consideration for Israelis. With the state having been involved in four wars since 1948 and subjected to terrorist attacks, suitable precautions need to be taken and there is a strong security presence throughout the country. There are also small social differences which businesses should be aware of when setting up a business in Israel, such as the Israelis relaxed attitude to timekeeping.

Click here to Ask an Expert about Expanding a Business in Israel

Organisations that can assist with Entering the Market

  • > PEO Worldwide Limited

    PEO Worldwide is an international PEO offering employer of record, payroll, employee benefits management, HR and compliance services throughout the world.

    More Details Visit Website
  • > Business Consultancy Services.

    Do you need advice from an expert in your field, on the ground? Need help finding the best route to market for your product or service?

    More Details Visit Website
  • > Blue Marble Global Payroll

    Simplified Global Payroll Managing payroll in multiple countries is complicated with different systems, deadlines, and languages in each country, lack of reporting, and constantly changing laws and regulations. Trying to manage global payroll via fax and email with excel spreadsheets leads to data security issues, fines, and penalties for non-compliance. Blue Marble has solved global payroll challenges with cloud-based technology, customized aggregated monthly reporting, and a hybrid service model in 150+ countries around the world.

    More Details Visit Website
  • > Company formation services.

    Need to register a company or setting up a company?

    More Details Visit Website
  • > Apostille & Legalisation Services

    At Apostille & Legalisation Services Ltd we specialise in the legalisation of UK Documentation for overseas use, using the fastest most efficient services possible to ensure we meet your deadlines. We understand the stress of setting up a company especially when its overseas but that is why we are here to take care of the documentation that comes along with it for you.

    More Details Visit Website

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.