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All companies in Israel must register with The Registrar of Companies and Tax Authorities. Private companies and public companies must present annual reports and audited financial statements to their shareholders.
Public companies are obliged to publish annual reports that include audited financial statements and directors’ report. The documents should be filed in the Register of Companies, where they are available to the public. There is no requirement to publish financial statements of a private company. The company’s documents have to be verified by an Israeli lawyer who also usually represents the company at the Companies Registrar.
Self employed persons have to register with the Registrar of Companies as well.
The reports are updated on request and include where available:
Official documents from this country may be available upon request. They are copies of original legal documents filed at the company registry. Documents are in the official local language and certified translations can be arranged if required. Please contact us to order documents.
Register of companies
Limited liability company. In accordance with Israeli laws, companies are divided into two main groups: public companies (open joint stock companies) and private companies (closed joint stock companies).
Public companies - open joint stock company, whose shares are traded on the stock market and must publish annual reports in the prescribed form that includes financial statements and report of the directors, with all this information available to the public.
Private companies - cannot offer its shares to free sale. Information about financial status and activities of a private company is not public.
Branches and representative offices of foreign companies - with the Registrar of Companies must register directors and the power of attorney in the name of the representative of the company in Israel.
Partnerships - governed by the Decree on Partnerships.
Cooperatives - mainly used in agriculture, transport and certain types of marketing activities related to agricultural products.
Non-profit enterprises - typically used by charitable, educational and other organizations that do not earn profits to distribute them among its members, instead any proceeds are directed to the development of their charter activities.