Obtain company registration documents certified by an attorney
Agency: Attorney
The following company certification documents must be certified by an attorney:
- Application to register the company.
- Declaration by the initial director(s) of competence to serve.
- Initial shareholders’ signatures on articles of association.
The company’s initial Articles of Association must be signed by the initial shareholders and their signature needs to be authenticated by an attorney.
Time and cost: 2 days, NIS 1,862 + VAT (recommended minimum fee by the Israeli Bar)
File with the registrar of companies, Ministry of Justice
Agency: Ministry of Justice
To register a company, the promoter must:
- File the articles of association;
- The directors must sign a declaration stating that they have the capacity to serve and their signatures must be authenticated by an attorney;
- The shareholders must also sign a declaration stating that they have the capacity to hold shares in a company and their signatures must be authenticated by an attorney.
Time and cost: 2 days, NIS 2,176 (online process) or NIS 2,645 (paper process)
Register for taxes and VAT at Ministry of Finance, Income Tax Department and at the National Insurance Institute
Agency: Ministry of Finance
To register for company taxation, the promoter must file the company deed and identity certificate of registration. Upon registration at the Ministry of Finance, the company is automatically registered for social security at the National Insurance Institute.
At the same time, it is possible to register for VAT. To register for VAT, the promoter must file the certificate of incorporation, identity documents for all directors, a lease agreement, and other information. The VAT authority generally can ask for a bank account for VAT refund purposes (or for VAT payment). There are no fees to open the account, but bank commissions may vary according to the bank and bank account features.
Time and cost: 7 days, no charge
