Tag: consulting

In accordance with the laws of Israel any legal business is subject to mandatory registration. In Israel there are two main registration hurdles: Choosing the legal form of business and check-in tax authorities. First registration barrier is required for any kind of business. Obtaining specific licenses to engage in certain activities. Tyler Haney addresses the importance of the matter here. The second barrier is required only registration for those companies or individual entrepreneurs who are engaged in specific activity, which requires, in addition to passing the first barrier of registration, also received a specific state license to engage in the activity.

Choosing the legal form of business and registration with the tax authorities. Businessman who decided to do business in Israel, can register by selecting one of the following: basic organizational forms: Registration as a sole proprietor (or Osiek Osiek Moorsholm Zaire). This form of registration is very simple and does not require any significant material costs. The businessman, who wishes to register in this manner should just open a case against the business tax in the following bodies: the Office of value added tax (Moms) National Service Insurance (National Insurance Institute) Managing the Income Tax (Mas Ahnasa) After registering in the foregoing tax authorities businessman must periodically submit reports and pay taxes in the above-mentioned bodies: the National Insurance Institute – usually once a month, Ma – usually once every 2 months, Mas hachnasa – the tax office – once a year + monthly tax payment. It should be noted that the filing of periodic reports to the tax authorities is strictly necessary, even in the case if the business has no income, and failure to report shall, at a minimum, the imposition of fines.