Israel

We represent clients from all around the world in Israel every year. We see the globe as having no borders and are unafraid of language hurdles or time zones.

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Israel

Legal Industry in Israel

tech companies raising an aggregate total of $25.6bn. Cybersecurity and fintech companies were particularly attractive to investors. In the capital markets arena, a number of Israeli companies launched on the public markets, with a key theme being that valuations of many of these companies are exceptionally high. Market opinion is divided on whether the current level of valuations is justifiable and sustainable. Tech clients (both unicorns and smaller hi-tech companies) in particular came to market in their droves. Also notable is that Israel created new rules that are intended to open up the market to SPACs. It remains to be seen, however, just how active the market will be for SPACs in the long term.Elsewhere, the real estate sector is a hotbed of activity. Property prices have risen, due to a combination of factors such as a scarcity of available land, the growing population in Israel and the rebounding economy. The infrastructure sector is also active, particularly in the transport arena. There is a sense that the government will continue to prioritise infrastructure investment in the aftermath of the Covid-19 crisis. Israel has an active shipping market, with over 99% of its international trade handled via its seaports. In 2021, Israel opened a new shipping port along its Mediterranean coast (the Bay Port at Haifa) that should boost the country’s credentials as a regional trade hub. Aviation, rail and road transport are also core areas of focus in the market. Also notable is that, as a self-proclaimed ‘start-up nation’, the market is increasingly operating at the intersection between hi-tech and transport, including self-driving cars, drones and AI-related matters.On the contentious side, as part of an ongoing trend, class actions continue to be a fruitful source of work for law firms. Actions relating to consumer products and data are particularly active, although there has been lots of activity across the board generally.With activity levels being strong across a number of key areas, it’s full steam ahead for law firms in Israel.
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Articles about Law in Israel

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    Most common legal demands in Israel

    Legal Market Overview in Israel

    Israel is one of the fastest growing jurisdictions in Chambers Global and 2022 has been no exception to that trend. The number of ranked lawyers for Israel has exceeded 500 for the first time, with especially notable increases of our Labour & Employment and Startups & Emerging Companies legal rankings.

    Israel holds over 70,000 registered attorneys, with a population of eight million. That is roughly one attorney for every 114 people – the highest number of attorneys per capita in the world, by far

    Frequently Asked Questions

    As a basis for income, Israeli residents are taxed on their worldwide income, while non-residents are taxed only on their Israeli sourced income. Income includes, employment, business income and passive income from bank deposits and savings.

    Marriage in Israel is restricted to religious marriages performed by recognized confessional communities. However, civil marriages entered into abroad are recognized in Israeli law, including same-sex marriages.

    Each party races to be the first to file their claim at the court of their choice, either in rabbinic or family court. Once a claim is filed at a particular court, all proceedings continue there. The Get, or Jewish writ of divorce, must be granted by the husband at his own volition in order to be valid.

    Only those of Jewish heritage and Israeli descent are allowed to immigrate to Israel freely. All other immigration circumstances are approved on a case-by-case basis

    Visitors are entitled to remain in Israel up to three months from the date of their arrival, in accordance with the conditions of the visa issued to them. Visitors intending to work in Israel must submit a request to the Ministry of the Interior for a special visa.

    Israeli visa laws are strict towards those who overstay their visa, and illegal residence in Israel may end up in deportation from Israel and future refusal to permit entrance to Israel. A tourist visa to Israel is usually issued for three months. This B/2 tourist visa to Israel doesn’t allow work in Israel.

    Although anyone can buy property in Israel, regardless of nationality or religion, foreign residents pay a higher purchase tax than Israeli residents. The purchase tax (mas rechisha) must be paid within 50 days of signing the contract

    Yes, foreign citizens can launch a business in Israel, but there are some requirements to be met. Firstly, to establish a legal entity in Israel, foreign citizen needs to appoint a guarantor for tax purposes.

    The most common forms of business vehicles are private limited liability companies.

    Partnerships are typically reserved for accountants, law firms and investment funds, mutual funds and hedge funds.

    When a foreign company is deciding how to operate its business in Israel, it will choose between incorporating a private limited liability company (typically a subsidiary) and registering a foreign branch. This decision is usually based on tax considerations. From a corporate perspective, if the foreign company elects to register a branch, the foreign company will be subject to Israeli jurisdiction and will be directly responsible for the debts and liabilities of the branch.

    Public companies are also common in Israel, and Israeli companies can choose to float themselves on the TASE or on various other international exchanges.

    The employer is not obligated to provide a written contract of employment, unless it employs a foreign worker, or it is a manpower company. However, according to the Notice to Employee and Job Candidate (Terms of Employment and Screening and Recruitment Process) Law 2002, employers must provide each employee with a notice of his/her main employment terms using a stipulated form, which includes the following details:

    . Employer’s and employee’s information (name, address, ID number).

    . Employment commencement date.

    .Term of employment.

    . Position and main duties.

    . Direct supervisor.

    . Salary.

    . Working hours per day and per week.

    . Rest day.

    . Social benefits and payments.

    . Details of the pension fund (and the contributions to the pension fund).

    . Applicable collective bargaining agreements.

    The provisions of any applicable collective bargaining agreement or extension order can also be imported into an employment contract.