The Law for the Encouragement of Capital Investments
The purpose of the Law for the Encouragement of Capital Investments is to strengthen the industrial capability of the country. Below is a short summary of the main points of the new law.
A. Qualification requirements
To qualify for benefits under the law the company has to be an industrial company registered in Israel and has to be internationally competitive (i.e. have export capability). However, Biotechnology and Nanotechnology companies do not have to meet the “export” requirement to qualify.
An investment in the Priority Area recognized by the law will be termed an Approved Investment and the company will be designated an Approved Enterprise.
To read the full law click here