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Israel
Isreal Geography and Culture
A densely populated, and relatively small, country on the eastern shore of the Mediterranean Sea, Israel is the only country in the world whose population is majority Jewish. It is a liberal democracy with a parliamentary system, that has unfortunately been locked in conflict with the Palestinians and its Arab neighbors over ownership of land considered holy by many Jews, Christians, and Muslims since Israel was created in 1948.
Israel is located in the Levant area of the Fertile Crescent region with a varied climate. The coastal areas, including its capital of Tel Aviv, have typically Mediterranean climates with cool winters and hot summers, while the areas around Negev are deserts with hot, dry climates.
The population of Israel is a little less than 10 million, where about three-quarters of the people classify themselves as Jewish, about 20% as Arabs, and the remainder as non-Arab Christians. Hebrew is currently Israel’s only official language, although Arabic used to also be considered official and is spoken widely amongst the Arab population.
| 2021 | |
| March 28 | Passover (Day 1) |
| April 3 | Passover (Day 7) |
| April 15 | Yom HaAtzmaut |
| May 17 | Shavuot |
| September 7 | Rosh Hashana |
| September 8 | Rosh Hashana (Day 2) |
| September 16 | Yom Kippur |
| September 21 | Sukkot (Day 1) |
| September 28 | Shemini Atzeret / Simchat Torah |
- Company (khevra, חברה)
- Private company
- Public company
- Charity company (khevra le’to’ellet ha’tzibur, חברה לתועלת הציבור)
- Partnership (shutafut, שותפות)
- Cooperative (aguda shitufit, אגודה שיתופית)
- Voluntary association (amuta, עמותה)
- Corporate Tax: 23%
- Income Tax (Lowest Marginal Rate): 0% (for monthly income under 6,330₪)
- Income Tax (Highest Marginal Rate): 50%
- VAT/GST/Sales Tax: 17% (standard rate)
0% (fruits, vegetables and public transport)
- Major banks (Local Bank)
- Bank Hapoalim (Local Bank)
- Bank Leumi (Local Bank)
- Bank Mizrahi-Tefahot (Local Bank)
- First International Bank of Israel (Local Bank)
- Israel Discount Bank (Local Bank)
- Union Bank of Israel (Local Bank)
- Other banks (Commercial Bank)
- Arab Israel Bank (Commercial Bank)
- Mercantile Discount Bank (Commercial Bank)
- Bank of Jerusalem (Commercial Bank)
- Bank Otsar Ha-Hayal (Commercial Bank)
- Union Bank (Bank Igud) (Commercial Bank)
- Bank Massad (Commercial Bank)
- Bank Yahav (Commercial Bank)
- Dexia Israel Bank (Commercial Bank)
- Poaley Agudat Israel Bank (Commercial Bank)
- U-Bank (Commercial Bank)
- Postal Bank (State Bank)
- Postal Bank (Bank Ha-Doar) (State Bank)
- BNP Paribas Israel (Foreign Bank)
- Citibank Israel (Foreign Bank)
- HSBC Israel (Foreign Bank)
- State Bank of India (Foreign Bank)
- Barclays Bank (Foreign Bank)
Aadmi can support you with your expansion to Israel. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.
