Israel as a Magnet
For International High-Tech Companies
Israel as a Magnet For International high-Tech Companies
Israel is considered a start-up nation around the world. The Israeli engineer is considered particularly talented and creative and has the ability to think outside the box. Due to the abundance of opportunities in Israel, many international companies are interested in acquiring or establishing operations in Israel.
International Companies Operating in Israel
The company management is based abroad and the Israeli entity is mostly engaged in research and development | A multinational company operating according to standards that have not always been adapted to Israel | The international company requires that the activity be conducted in its language and currency and in many cases through its dedicated system | ,(US GAAP) | Companies work with one of the 4 largest accounting firms in the world (BIG 4)
The Challenges
The company's management is not familiar with Israeli law in general and with labor and tax laws in Israel in particular. There are distance, language and culture gaps that needs to be bridged. The company's global financial information systems are usually not approved by the Israeli Tax Authority and require localization. Sometimes the organization's global tax structure does not comply with Israeli tax laws and can result in onerous and costly tax events.
The Solution
Top Finance's International Companies Department meets the unique needs of international companies operating in Israel. The department's experts have many years of knowledge and experience in guiding and supporting international companies, while combining their unique needs with the requirements in Israel.