As a result of the war, foreign residents and new immigrants have shown interest in the local real estate market. Below is a summary of the main tax implications that may be of interest. The Israeli Real Estate Taxation Law imposes two types of tax on taxpayers: Appreciation tax and purchase tax. The law is […]
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The Board of Governors of the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation convened on December 19, 2023, to greenlight a transformative investment of $9.6 million for ten pioneering projects bridging the gap between US and Israeli technological prowess. With additional support from the private sector, the total infusion of capital into these ventures […]
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I am a longtime fan of Major League Baseball’s Boston Red Sox. They hold the record for one of baseball’s great comebacks. In 2004, they trailed the New York Yankees by three games to none in a best-of-seven league championship series. Nonetheless, they went on to win four games straight, advanced to the World Series, […]
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The popular cooperative scooter company, Bird, has recently filed for bankruptcy in the United States in an effort to address its existing debts and seek protection from creditors, while devising a recovery plan. Fortunately, this does not encompass the company’s operations abroad, including in Israel, which are reported to be profitable and autonomous. Bird was […]
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Dr. Michael Mirilashvili, President and owner of Israeli company Watergen Ltd., was chosen by the business magazine CIO Today as one of the top five innovative business leaders to watch in 2024. Watergen’s patented technology creates mineralized quality drinking water from the air, and its solutions are an effective and economical way to solve the […]
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In a move aimed at enhancing Israel’s global position as a hi-tech hub, the Israeli Innovation Authority (IIA), in collaboration with the Finance Ministry, has approved a comprehensive stimulus package designed to uplift the nation’s hi-tech ecosystem. The plans have been carefully crafted in response to both global and local factors that characterized 2023, such […]
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The Luzzatto Group, Israel’s oldest intellectual property group, announced the addition of two new partners to the group’s patent law firm: patent attorney Dr. Sarit Ben-Shmuel and patent attorney Dr. Sinai Yarus. “Dr. Ben-Shmuel joined the group as an intern in 2016, and she brings with her a rich background in biological research and exceptional […]
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Vintage Investment Partners, a well-established global venture capital platform, has confirmed the completion of its 4th Growth-Stage Venture Fund (Growth IV), with a total capital commitment of $200 million, surpassing its initial target. As the firm marks its 20th anniversary, it navigates the dynamic landscape of venture capital investment, characterized by ongoing innovation and disruption […]
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The Jerusalem Municipality is actively engaging with international hi-tech companies that have expressed their keen interest in collaborating to promote the development of the hi-tech sector in East Jerusalem. In a recent statement, the municipality emphasized the significance of this partnership in driving economic growth not only for Jerusalem as a whole but also for […]
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Amidst the ongoing conflict between Israel and Hamas, investors are seeking refuge from market instability in an unexpected place: whiskey barrels. The economic challenges posed by the war have led to a surge in interest among Israelis to invest in this alternative asset. MyWhisky, a company specializing in whiskey investing, has reported a growing interest […]
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