Israel offers some major tax incentives for foreign residents investing in Israel (i.e., Participation Exemption regime, investment in developing areas, and a general exemption from Capital Gains Tax when investing in Israeli companies).
Moreover, Israel is the only country in the western world that offers extraordinary tax incentives to newcomers.
The clip provides some brief review of some of the most attractive Tax incentives Israel offers to foreign investors in one hand, and to newcomers in the other.
Currently, in view of the international trend reducing tax – planning options worldwide, inter alia, by means of the information-sharing revolution and the war against tax shelters, it is definitely worth considering what Israel has to offer.
Israel is a one-of-a-kind phenomenon; it is a young country with a phenomenal development rate, some of the world’s top-notch human capital, and a stable regime that encourages capital investment.
Israel has made it its primary goal to encourage immigration, bring human capital back to Israel, and encourage investors of significant financial means to invest and reside in Israel. To achieve this, Israel offers extraordinary tax incentives of various measures to those who choose to invest in such manner.
Below are some examples of the tax incentives Israel offers:
Israel has dozens of conventions with prominent countries across the world, including the U.S and Canada, in order to avoid double taxation. This fact, along with the incentives Israel offers under its internal laws, positions Israel as the primary and most attractive alternative for those who are considering settling or investing in Israel.
Eitan Asnafy Law Firm specializes in taxation, providing ongoing support to foreign residents and new immigrants in international investments, commercial law and litigation.
Adv. CPA Eitan Asnafy co-authored the treatise “International Taxation – The Law in Israel”, which is considered to be one of the most comprehensive treatises in the field of international taxation from the Israeli legal perspective.