Israel UAE | Business Guide | 2021

Banking System in Israel Israel has a stable, modern banking system that serves the business sector well and the household sector in all its needs. Services are provided at reasonable costs. The banking system in Israel consists of: 12 banks, 4 foreign banks, 6 credit card companies, 1 financial institution and 2 joint service companies. Legal System& Types of Businesses in Israel The legal system leans on theBritish legal system, but was influencedby theAmerican andGerman legal systems over the years. Several types of business engagements are in play in Israel: Subsidiary, which is a company incorporated as an Israeli company, wholly or partially owned by the foreign company; Branch, which is a foreign company listed in Israel; Sole Proprietorship; Israeli Partnership (general and limited); Foreign Partnership (general and limited); NGOs (non-profit organizations); Cooperative Societies. Procedure of Incorporation in Israel The procedure of incorporating a company in Israel is straightforward and corporations enjoy 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 Companies Registrar. All documents should be translated into Hebrew, Arabic or English. Venture Capital Funds in Israel Israel has over 100 active Venture Capital Funds operating throughout the country with USD 10 billion under Financial & Legal Set-Up in UAE and Israel Both countries seek foreign investments. Here’s how businesses are driven in each 10 Largest Law Firms in Israel Herzog Fox&Neeman ● Meitar LiquornikGeva LeshemTal ● &Co. LawOffices ● GoldfarbSeligman&Co. ● Shibolet &Co. ● Fischer Behar Chen Well Orion & Co - FBC ● M. Firon & Co. ● Gornitzky & Co. ● Naschitz Brandes Amir ● Yigal Arnon & Co. Law Firm ● Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. Rankings in 2019 | Data from DUN'S 100 7 Largest Law Firms in UAE OGHLegal ● Audiri Vox ● Al Dahbashi Gray (ADG) ● Al Rowaad Advocates & Legal Consultants ● Matouk Bassiouny & Ibrahim ● Al Tamimi & Company ● Hadef & Partners LLC ● Fotis International Law Firm ● Dar Al Haqooq Legal Consultancy ● White & Case LLP Israel-UAE > Business Guide > 2021 40 > Business Services > review