Israel Japan | Business Guide | 2023

The business basis for work between Japan and Israel Business between Israel and Japan continues to increase year by year, and in fact broke a record last year. Here is a brief overview of the basics of business services in both countries Banking system in Israel Israel has a stable, modern banking system that serves the business and household sectors in all their needs. Costs of banking services and fees are relatively moderate in relation to the rest of the world. The banking set-up in Israel consists of 12 banks, four foreign banks, six credit card companies, one financial institution and two joint service companies. In recent years, some direct, online banks have started to capture a small market share. Legal System in Israel Israel’s legal system is based on the British legal system, but over the years has been influenced by the American and German legal systems. There are several types of businessmodels that foreign companies can use in Israel: Subsidiary - which is incorporated as an Israeli company, wholly or partially owned by the foreign company; Branch – of a foreign company that is listed in Israel; Sole Proprietorship; Israeli Partnership (general and limited); Foreign Partnership (general and limited); NGO (non- profit organizations); Cooperative Societies. Incorporation Procedure in Israel The procedure of incorporating a company in Israel is rather simple and a corporation enjoys the advantage of limited liability. When registering a branch of a foreign company in Israel the foreign company is required to file its Articles of Association, the names of its directors, and other information required by the Registrar of Companies. All documents should be translated into Hebrew, Arabic or English. Venture Capital Funds in Israel Israel has hundreds of active venture capital funds operating throughout the country with USD 12 . 6 Bn under management. Israel's thriving venture capital industry has played an important role in funding the country's booming high-technology sector. The country is now teeming with hundreds of prosperous Israeli private equity and venture capital firms looking to invest in the next potential million or billion dollar business startup. Israel's largest VC firms include: Pitango, Vertex Ventures Israel, 83 North, JVP, Viola, Magma Venture Partners, Gemini Israel Ventures, Genesis Partners & others. Israeli Investments In Japan Israeli investments in Japan are growing slowly but surely with governments of both countries engaging with each other. Japanese heads of state have, over the years, introduced measures to attract business by improving education for expat kids, working to reduce the language barrier in front-facing roles, simplifying administrative procedures for foreign companies, reduced corporate tax, bringing reforms in healthcare, electricity and gas market andmuchmore. Traditionally, though Israel and Japan have 2023 < Business Guide < Israel-Japan Sector Review < Business Services < 27