Month: November 2019

businesses

How to start a new business in Israel

Starting a business in Israel is quite simple. Company registration takes one day and does not require a large number of documents. The most common types of legal form of business in Israel are Osek Patur and Osek Murshe. This is the equivalent of the usual individual entrepreneur (IP).

Starting a business in Israel is quite simple. Company registration takes one day and does not require a large number of documents. The most common types of legal form of business in Israel are Osek Patur and Osek Murshe. This is the equivalent of the usual individual entrepreneur (IP).

The difference between Osek Patur and Osek Murshe is the following.

Osek Patur is the simplest form of business in Israel. Osek Patur is exempt from value added tax (VAT), but is limited by the size of the yearly turnover (about 100 thousand shekels per year). It has a number of …