Enshrined into its legislation through laws designed to encourage economic growth, the State of Israel seeks to offer maximally supportive conditions for companies seeking to invest in Israel. Part of a slew of incentives and benefits, the State of Israel encourages international and local investment by offering conditional grants, reduced tax rates, tax exemptions and other tax-related benefits through the Law for the Encouragement of Capital Investments and Industrial R&D.
Benefits are offered via two primary government agencies within the Ministry of Economy.
The Israel Investments Center
The Israel Investments Center at the Israel Ministry of Economy seeks to accelerate the establishment and expansion of industrial activity by offering support to eligible companies. Seeking to maximize Israel's industrial and productive capacity, its support stimulates business and job growth, while developing Israel's priority regions and promoting special populations.
The Center offers support to entities granted approved status, which make them eligible for support through one of its aid tracks.
Please note that the Investments Center determines eligibility for its approval and subsequent support in a competitive process, based upon a variety of factors and subject to its own considerations.
The Office of the Chief Scientist
The Office of the Chief Scientist (OCS) in the Ministry of Economy is charged with execution of government policy for support of industrial R&D. The goal of the OCS is to assist in the development of technology in Israel as a means of fostering economic growth, encouraging technological innovation and entrepreneurship, leveraging Israel's scientific potential, enhancing the knowledge base of industry in Israel, stimulating high value-added R&D and encouraging R&D collaboration both nationally and internationally. A variety of ongoing support programs developed and offered by the OCS play a major role in enabling Israel to be a key center for high-tech entrepreneurship.