uabb domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/sites/lawfirmbackup_200125/wordpress/wp-includes/functions.php on line 6131The normalization of relations between Israel and many Persian Gulf countries (headed by the United Arab Emirates) created many new opportunities. This includes various initiatives for philanthropic cooperation. UAE and Persian Gulf philanthropists who wish to act in Israel must first form register their NGO’s. Below we will explain how the legal process works. Our law offices specialize in corporate law. The offices\u2019 attorneys accompany philanthropists and firms that wish to operate in Israel, and assist them with corporate registration, legal advice, etc. In this article, Advocate Joshua Pex, an expert on NGO law, explains how philanthropists and investors from Persian Gulf countries can operate in Israel.<\/span><\/p>\n The <\/span>peace agreement<\/span><\/a> and normalization of relations between Israel and the UAE, as well as other Persian Gulf countries, attracts a lot of interest in business cooperation initiatives among companies from Israel and around the world. Without any doubt, the strengthening in the relations between the countries is great news on the business One can think of a wide range of initiatives for philanthropic cooperation between the countries. The UAE is known to be a <\/span>leading philanthropic force<\/span><\/a> in the world. In Israel, UAE non-profit activity may promite peace initiatives, as well as invest in peripheral areas and Arab communities. But for this to happen, philanthropists and NGOs from those countries must first register in Israel as corporations.\u00a0<\/span><\/p>\n There are different types of corporations under which it is possible to perform philanthropic activity or to manage investment funds for voluntary purposes. For instance, the NGO may be registered as a <\/span>community interest company (CIC)<\/span><\/a> under the <\/span>Israeli Companies Law<\/span><\/a>. This is possible only for certain goals, such as human rights, education, health, etc.<\/span><\/p>\n Apart from CIC, the most common form of an NGO in Israel is called an <\/span>amuta<\/span><\/i><\/a>. For philanthropic purposes, there are several advantages of being registered as an <\/span>amuta<\/span><\/i> and not as CIC; including different tax reporting duties, and the ability to obtain tax exemptions for donors.\u00a0<\/span><\/p>\n In order to form an <\/span>amuta<\/span><\/i>, at least 2 adult persons must be registered as its founders. If the founders are foreign citizens (as in most cases relevant to this article), they need to submit copies of their passports within the registration application. In addition, the registration application should specify the main goals of the <\/span>amuta<\/span><\/i>, and to detail its name and the addresses of the <\/span>amuta<\/span><\/i> and its founders. For more information on registration and formation of <\/span>amuta<\/span><\/i> in Israel, you can review our article on the subject<\/a>.<\/span><\/p>\n It is highly recommended to prepare bylaws for the <\/span>amuta<\/span><\/i>. According to the Israeli law, if an <\/span>amuta<\/span><\/i> doesn\u2019t create its own article of association, <\/span>standard bylaws<\/span><\/a> will be enforced. For philanthropic and voluntary activity in Israel, it is suggested to create bylaws to govern the rules of activity and work relations. After the registration, there will be a need to take care of different issues, such as obtaining a<\/span> certificate of proper management<\/span><\/a>, to register the <\/span>amuta<\/span><\/i> in the tax authorities and to request different discounts, such as <\/span>municipal property tax (arnona<\/em>) discount<\/span><\/a>. For such issues, an experienced attorney who practices in non-profit organizations and voluntary funds may help.<\/span><\/p>\n In this article we explained how to form Israeli NGOs for UAE and Persian Gulf philanthropists. For any questions or legal assistance in this regard, you may contact our law offices. The offices specialize in corporate and non-profit organization law, and provide legal assistance and representation services in various fields. \u00a0<\/span><\/p>\n [author_and_contact_info]<\/p>\n <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The normalization of relations between Israel and many Persian Gulf countries (headed by the United Arab Emirates) created many new opportunities. This includes various initiatives for philanthropic cooperation. UAE and Persian Gulf philanthropists who wish to act in Israel must first form register their NGO’s. Below we will explain how the legal process works. Our…<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[161,545],"tags":[],"class_list":["post-40600","post","type-post","status-publish","format-standard","hentry","category-corporate-and-commercial-law-en","category-united-arab-emirates"],"acf":[],"yoast_head":"\n
\n<\/span><\/p>\nNot Just Business Opportunities – the Peace Agreement will Enable Collaborations for Philanthropic Purposes<\/span><\/h4>\n
side. Apart from the economic potential, it is important to note that the peace agreement creates opportunities for philanthropists from the Persian Gulf that wish to start operating in Israel.<\/span><\/p>\nTypes of Corporations for the Purpose of Philanthropic and Voluntary Activity in Israel<\/span><\/h4>\n
Stages in forming <\/span>Amuta<\/span><\/i> for Philanthropists and Funds from the UAE and Persian Gulf Countries<\/span><\/h4>\n
\n<\/span><\/p>\nContact Us<\/span><\/h4>\n