Invest in the

More documents

Recommendations

Info

Local InvestorownedCompanyCompany90%-100%owned byForeign InvestorCompany74% - 90%owned byForeign InvestorCompany49% - 74%owned byForeign InvestorCompanythat is notan ApprovedEnterpriseChargeable Income 100% 100% 100% 100% 100%Corporation Tax 25% 10% 15% 20% 29%Balance of chargeable income 75% 90% 85% 80% 71%Total Tax on undistributedincome25% 10% 15% 20% 29%Dividend Tax (on the balance) 15% 15% 15% 15% *25%Dividend Tax (balance ofchargeable income x the tax 11.25% 13.5% 12.75% 12% 16.5%rate)Total Tax on DistributedIncome36.25% 23.5% 27.75% 32% 45.5%* In a distribution to an individual or to a foreign resident company - in a distribution to an Israeli company - zero.45 < Invest in the Negev and GalileeMinistry of Indusry, Trade and Labor > Negev and Galilee Development Center
Placement of New Employees1. Employment Track -As part of the employment track, assistance is provided inrespect of engagement of employees in the form of the paymentof grants as a percentage of the employees' salaries. Three aidschemes are operating in this framework.A. An employment track in which assistance is provided for 30months on two subsidiary tracks:1. The general track in the "outlying areas" - a graduatedamount of assistance is provided, varying between 15%- 30% during the first 10 months, 5% - 10% during thelast 10 months depending on the size of the Company. InDevelopment Region A, the aid varies between 5% - 25%depending on the size of the Company.2. The special population group track (minorities, ultraorthodox,handicapped, single parents). The track isavailable all over the country to entrepreneurs who employ90% of these population groups and the amount of aidvaries between 35% in the initial months to 10% in the lastmonths. Minimum employment on these tracks is 5 jobsand the wage ceiling for assistance is NIS 15 thousand.B.Initiatives for development of the outlying regions:Within this framework, aid is provided for two types of enterprises:1. High salary earning enterprises (minimum wage costof 250% of the national average wage). The minimumemployment is 15 employees in the "outlying" regions,when the aid will vary between 35% in the first year and5% in the fourth year. An advance payment will be madewhen the required minimum is reached and with additionalassistance to those taking early steps to recruit employees.2. Firmly based enterprises. In this framework, the assistanceis provided to companies with a turnover of more thanNIS 100 million, and with a minimum employment of 100jobs when the required wage cost is 150% of the nationalaverage wage.C.Sending employees on paid leave (Agreed Leave):Assistance is provided to enterprises that employ more than 25employees, to send employees on paid leave. The employercan remove up to 100 employees from any paid leave cycle fora period of 3 months. During this period, the employer will paythe social benefits for employees up to 18% of the last salaryand high salary unemployment grant. This cost will be financedby the State as a grant to the employer.Further details can be found on the website of the Ministryof Industry, Trade and Employment - Investment Center.46 < Invest in the Negev and Galilee
Page 1 and 2: STATE OF ISRAELMinistry of Industry
Page 3 and 4: 2 < Invest in the Negev and Galilee
Page 5 and 6: Science andThe Beersheba Science an
Page 7 and 8: TheNegev NationalThe Negev National
Page 9 and 10: IndustrialIndustrial Incubator Prog
Page 11 and 12: Renewable Energy Technology CenterT
Page 13 and 14: National WaterThe Sde Boker Nationa
Page 15 and 16: No'amNo'am Industrial ZoneIndustria
Page 17 and 18: Aid for the EstablishmentChangeofCh
Page 19 and 20: Industrial ParksDevelopment and Upg
Page 21 and 22: Projects Focusing on theBedouin Pop
Page 23 and 24: EncouragementEncouragement and Supp
Page 25 and 26: VocationalTrainingVocational Traini
Page 27 and 28: 26 < Invest in the Negev and Galile
Page 29 and 30: WAYS IN WHICH THE MINISTRY OF INDUS
Page 31 and 32: The exporters are entitled to up to
Page 33 and 34: Aim of the ProgramThose Entitled to
Page 35 and 36: intended for engaging in independen
Page 37 and 38: 5.3 "Nofar" - Industrial Applicatio
Page 39 and 40: employees the Ministry will contrib
Page 41 and 42: Allocation of Land and Development
Page 43 and 44: Establishment of an Enterprise - Ai
Page 45: 2.3 The Strategic Investments Track
Page 49 and 50: STATE OF ISRAELMinistry of Indusry,

Invest in the

Create successful ePaper yourself

Delete template?

Save as template?