Professional Updates - Raveh Ravid

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Israel's Business Basics

Israeli Economy at a Glance

Overview: In 2006 Israel's GDP (Gross Domestic Product) was approximately 140 billion dollars, representing a growth rate of 5.1% compared to an average rate of over 3% for the period ... >>>

Israel's Currency - Shekel

The New Israeli Shekel ₪ is Israel's unit of currency. The New Shekel's subunits are Agorot with one New Shekel equivalent to 100 Agorot. The currency was introduced on Jan. 1st 1986.In Hebrew, the ... >>>

Business Hours and Holidays

Customary working hours are 40-45 hours per 5 day week.The working week starts on Sunday and usually ends on Thursday.Office working hours are generally from 08:00-09:00 am to 16:00-17:00.Saturday is ... >>>

Import and Export

Import and export of goods and services in 2006 rose by 3.1% and 4.9%. Total export of goods and services from Israel in 2006 reached 62.6 billion dollars, an increase of 9% over the previous year. ... >>>

Foreign Exchange

Today, the transfer of foreign currency in and out of the country is almost unrestricted. However, the Bank of Israel has stipulated reporting and control requirements on foreign currency movements. ... >>>

The relatively low rate of inflation since 2000 is due partly to the Bank of Israel's strict monetary policy. The inflation rate in 2006 was -0.1%, continuing a similar low inflation trend of which ... >>>

International Trade

FTA agreements with the US, EU, EFTA and Canada afford most Israeli industrial exports duty free status when entering these markets. These agreements enable an Israeli based subsidiary, or an Israeli ... >>>

Government Incentives

The Government of Israel offers a wide range of programs to encourage business activity and promote foreign and local investments in Israel, such as: Grants and tax benefits according to the Law ... >>>

Social Security and Health Insurance

Salaries of Israeli workers are subject to social security and health insurance payments, contributed both by employer and employee, according to the rates listed in the following ... >>>

Social Benefits

The basic social benefits for the Israeli worker are:1. Severance pay equivalent to one month's salary for each year of employment for workers with at least one year's seniority.2. Vacation ... >>>

Israeli Stock Exchange

Many companies are traded on Israel's Tel Aviv Stock Exchange. Criteria that companies must meet if they wish to go public include the following (numbers are in NIS ... >>>

Double Taxation Prevention

Israel is a party to tax treaties for the avoidance of double taxation with different countries. In the attached file you are invited to read more about Israel's tax treaties.


	General Information
		Raveh Ravid & Co. C.P.A.
		Useful Links
	Accounting & Auditing
		Accounting in Israel
		Auditing in Israel
		Becoming an Accountant in Israel
		Accounting in Israel Choosing a firm
	The Raveh Ravid Fund
		The Prof. Daniel Yachia Fund
		The Raveh Ravid & Co. Fund For Promoting Excellence and Social Leadership
		A Personal Invitation to Encourage and Cultivate Israel's Young Social Leadership
	Taxation
		Income Tax in Israel
		Personal Income Tax
		Value Added Tax (VAT)
		Tax Benefits for industrial enterprises in Israel
	Family Office Services
		Family Office Services for High Net-Worth Individuals
	The Israeli Economy
		Israeli Economy at a Glance
		Import and Export
		Foreign Exchange
		Government Incentives
		Inflation
		Israeli Stock Exchange
		Social Benefits
		Social Security and Health Insurance
		International Trade
		Double Taxation Prevention
		Israel's Currency - Shekel
		Business Hours and Holidays

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