How to Form an Israeli Company in a Day
Forming a company in Israel has become faster and easier than ever before. With the right guidance and preparation, you can register a company in just one or two business day. Whether you’re a local entrepreneur or a foreign investor looking to tap into the vibrant Israeli tech and business scene, the streamlined process ensures a quick and professional setup. Here’s everything you need to know about how to form an Israeli company in a day.
1. Prepare the Required Documents in Advance
The first step is to gather all the necessary documents and information. You’ll need:
- Company name – At least three name options in Hebrew or English.
- Articles of Association – This defines the purpose of the company, the share structure, and internal regulations.
- ID documents – Israeli ID or passports for all shareholders and directors. If a shareholder is a company, corporate documents are required.
- Declaration forms – Signed by each shareholder and director, declaring they are legally allowed to open and manage a company.
Having all documents correctly filled out and signed (including notarizations if needed) is essential to avoiding delays.
2. Submit to the Israeli Companies Registrar
Once documents are ready, they are submitted to the Registrar of Companies at the Israeli Ministry of Justice. This can be done:
- Online (by a licensed attorney or CPA)
- In-person (less common today)
- Via a CPA or law office specializing in fast company registration
If everything is in order, the company will usually be registered within the same day, and you’ll receive a Certificate of Incorporation by email.
3. Tax Registration (VAT, Income Tax, and Social security)
After registration, the next step is opening files with:
- VAT Authority
- Income Tax Authority
- National Insurance
This can be done online or in person and is typically handled by your CPA. If you plan to operate immediately, it’s advisable to open the files on the same day as incorporation. Most CPAs can complete this process digitally within a few hours.
4. Open a Bank Account
Opening a corporate bank account in Israel can take a bit longer, as banks require compliance procedures, including KYC (Know Your Customer). However, some banks offer fast-track services for new companies, especially if you work with an experienced CPA who has a working relationship with the bank.
You’ll need:
- Certificate of Incorporation
- Company documents
- Tax registration numbers
- Personal identification of shareholders/directors
5. Start Operating
Once your company is incorporated, tax files are opened, and the bank account is ready—you’re all set! You can now issue invoices, hire employees, and begin operations.
6. Why Work With a CPA?
While it’s possible to register a company on your own, working with a CPA ensures that the process is fast, compliant, and tailored to your specific business goals. We help you avoid costly mistakes, provide tax planning from day one, and ensure you start your journey with the right financial structure in place.
Need help registering your Israeli company? Contact us today, and we’ll have you up and running within 24 hours.
