According to Form 2 of the Addendum of the Companies Regulations (Reporting, Details of Registration and Forms) 1999, a first Shareholders\u2019 Declaration Form must also be submitted,. The applicant must verify that the correct declaration has been examined and completed. The declarant\u2019s signature must be validated by an affidavit signed in the presence of a lawyer.<\/p>\n

A \u2018Declaration of the Shareholders\u2019 must be submitted as part of the application process if the company to be registered has more than one shareholder. The lawyer must validate the signatures of the first shareholders and provide them with a full warning by an affidavit.<\/p>\n

Establishing an Israeli company requires a registration fee to the Israeli government Department of Corporations at the Ministry of Justice. Currently, the fee for the registrar of companies is 2,645 NIS.<\/p>\n

Using a smart card<\/u><\/strong><\/h4>\n

A smart card enables the submission of a request for registering a company directly via the Registrar of Companies website. There is no need to obtain a separate smart card for each company.<\/p>\n

This online request for registering a private company can be submitted either by an attorney, or the single shareholder and single director of the company, who is not an attorney. Once the company is registered, the applicant will receive an email containing a certificate of incorporation and articles of association, with the new verification stamp.<\/p>\n

The applicant may use a smart card to execute the following operations: submitting annual statements, allocation of shares, transfer of shares, increase\/reduction of registered capital, appointment and removal of directors, change of the company\u2019s registered address.<\/p>\n

There are several advantages of this new service. Firstly, a smart card enables immediate notification and conformation on executing current reports online through the Registrar of Companies systems. It also provides the opportunity to track the status of handling the request on the website, including the integrity of the information and restrictions. The holder of the smart card must be updated as being authorized to report on behalf of the company in the Registrar of Companies Registry.<\/p>\n

Other practical information<\/u><\/strong><\/p>\n

The owner will have to pay 25% tax on the profit of their company. In addition, they will have to pay the state an annual fee of 1,500 NIS each year after registering the Israeli company. Filing yearly business activity reports as a company is also required. This should take account of any work carried out by the company, expenses paid and income received. A local Israeli CPA help with preparing and filing these documents.<\/p>\n

Contact us:<\/h4>\n

If you need legal representation for your company, help registering your company or dealing with required reports, or have any other questions about corporate law, our attorneys are at your service.<\/p>\n

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The Israeli corporations\u2019 authority within the Ministry of Justice is responsible for the registration of companies in Israel. Anyone who is interested in establishing a company in Israel, whether private limited liability company, a branch of a foreign company or an Israeli partnership, will need the approval of this state agency. The requirements for registration…<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[161],"tags":[],"class_list":["post-65531","post","type-post","status-publish","format-standard","hentry","category-corporate-and-commercial-law-en"],"acf":[],"yoast_head":"\n