Register a Corporation in Israel
There is no restriction placed on an overseas resident who wants to set up a corporation in Israel. No minimum capital has to be proven for an overseas resident to obtain approval to register a corporation in Israel or to open a bank account in Israel.
However, if one of the shareholders is a foreign company, it will be easier to register the Israeli new company without this corporate shareholder, and as soon as the new company is registered, there is no difficulty to transfer its shares to it. Read more about Corporate Foreign shareholder.
If the sole shareholder is a foreign corporation, or if all the shareholders are foreign corporations, the new company will be registered by our law firm with a nominee shareholder and after the Israeli corporation is registered, we will transfer the shares to the foreign beneficiary shareholder corporation.
The minimum number of shareholders:
for a private company the minimum is one, and the maximum is 50.
The minimum number of directors:
Setting up a corporation in Israel through a lawyer takes a few days and includes the following stages:
Preparing the Articles of Association (since 1999, no need of Memorandum anymore).
Registration with the Companies Registrar.
Adopting a resolution on the Directors of the Company/Authorized Signatories.
Opening a bank account for the corporation.
The annual Registrar fees are aprox.US$300 (depend on the $ - NIS value).
Time for company formation
The registration is made is a few days.
Bearer shares exist in Israel but used rarely.
Set up a bank account in Israel
Most Israeli banks have branches around the world. The company signatories can sign the account documents in one of those braches and then process with the company bank account through the internet.
Local Telephone and Fax Numbers
After Incorporating, the new company can register in Israel for a local phone number and fax service with unlimited calls.
You might be interested in the full version of the Israel Company Law 1999 >>