| 1.What are the different
types of company that are available to be incorporated? |
Private Limited Liability Company
and;
Public Company - a company whose shares are registered
to trade in a stock exchange or a company whose shares
were offered to the public by a prospectus and are
held by the public.
|
| 2.What documents
are required to incorporate these companies and what
are the other registration requirements? |
Articles of Association and a declaration
made by the initial director/s
|
| 3.How long (approximately
in your experience) does this process take from start
to finish? |
One day |
| 4.What are the capital
requirements (minimum amounts, types of capital, limits
of shareholders liability) |
- There are no minimal capital requirements
- The capital can be comprised of shares and/or
stock. The rights attached to each type of shares
are as registered in the Articles of Association.
- In a limited liability company the shareholders
liability is limited to payment of the par value
of the shares.
|
| 5.What
is the minimum management requirements (e.g. types of
office holder or nationality requirements, etc.)? |
A company should have at least one
director. A director need not be an Israeli citizen/resident.
|
| 6.Approximately,
what is the local currency cost in relation to formation
expenses and taxes? |
approximately US $500 governmental
fees + legal fees and expenses
|
| 7.What publicity
is required (e.g. filing of accounts, publication of
other information)? |
- A private company is obligated to publish a yearly
report but is not usually obligated to publish its
accounts.
- There are extensive
|
