How We Can Support Your Overseas Company in Israel
- SZ Shvarts Zedkia
- Jul 7
- 3 min read
Updated: Aug 19
Expanding your business to Israel can present a variety of both opportunities and challenges. On one hand, Israel has a strategic location within the Middle East connecting Europe, Asia, and Africa.
It has a highly skilled workforce, a world-class technology ecosystem, business-friendly policies, and an Investor and VC community that is more robust than ever. There are tremendous government incentives for innovation and supporting foreign companies in Israel.
However, there is a complex regulatory and tax environment to set up a company in Israel. Hebrew is the official language, and geopolitical instability in the region can influence risk planning. The bureaucracy involved with setting up an Israeli entity, banking, and financial compliance can require international companies to hire a local Israeli accounting partner to meet their needs.
So, how can your company benefit from local support in entering the Israeli market?
Understanding the Israeli Business Environment
It’s worthwhile to recognize the key industries thriving in Israel. There are over 500+ multinationals with innovation arms in Israel. It’s also home to major R&D centers for Google, Apple, Intel, Amazon, and Microsoft.
Israeli companies are strongest in Cybersecurity, AI, SaaS, FinTech, AgriTech, MedTech, Aerospace & Defense, and Intelligence solutions that often originate from elite military units. Healthcare and Life Sciences dominate areas of Medical Devices, Pharmaceuticals, and Biotech. Energy and Natural gas have growing sectors addressing Renewable Energy and CleanTech needs. Agriculture and Water Tech were monumental to Israel’s growth as a nation, with desalination solutions that transformed many parts of the world, delivering access to clean water.
Business culture in Israel can be informal and direct. Israelis communicate openly, often without considering authority, and skipping over the formalities of more traditional corporate environments. That means decision-making can be swift, without excess deliberation. And the entrepreneurial mindset emphasizes speed and innovation; thus, trust is what builds credibility above all.
Services We Offer for Overseas Companies
Company Formation and Entity Setup: Guidance on business incorporation in Israel, registration, structure, and local legalities. Register as a company with the tax authorities and as a legal entity.
Market Entry Strategy: Competitive analysis, local insights, and go-to-market planning.
Accounting Support: Taxation, VAT, audit, financial statements, compliance for entities.
Fractional CFO Services: Financial planning, budgeting, cash flow management, reporting, and compliance.
Bookkeeping & Tax Support: Handling of Israeli tax filings, payroll, and statutory requirements.
Payroll & HR: employment contracts and benefits, implementing policies in accordance with labor laws. We also offer EOR services to foreign companies wishing to hire remote workers in Israel.
Ongoing Compliance & Reporting: Keeping your operations aligned with Israeli regulations.
Benefits of Working with a Local Partner
The team at SZ can offer deep local knowledge to guide your business expansion to Israel. With over 20 years of expertise, we support overseas companies in Israel to facilitate a fast setup and mitigate risks. We offer efficiency and cost savings and conduct seamless communication with the Israeli tax authorities on your behalf. Beyond your business setup, we keep an eye on the big picture, providing long-term strategic support for scaling your business in the long run.
Companies That Can Benefit from Entering the Israeli Market
Companies expanding from the US, UK, or Europe have prime opportunities for business expansion in Israel. We encourage Tech companies setting up R&D centers, Retail and E-commerce businesses offering their goods and services to the Israeli Market, and Venture Capitals, Investors, and Holding Companies with Israeli portfolio companies and local financial needs.
Our Approach
We pride ourselves on offering a customized approach to each of our clients, regardless of their requirements and strategic goals. Onboarding is seamless, along with transparent processes and timelines. Our dedicated team will be there to support you every step of the way to accelerate your business expansion into Israel.
