Multinational companies encounter various issues when establishing a subsidiary in Israel, or a branch of a foreign company in Israel. Beyond the obvious language barriers, these companies face different tax laws, unfamiliar bureaucracy with the Israeli tax authorities, different accounting systems, and more.

As a well known financial firm in Israel, Shimony – House of Finance provides diverse services to multinational companies at different stages of their commencement operation in Israel, both in the preliminary stage as consultancy before establishing the local entity, and as day-to-day service for ongoing business activities.

Services include tax consultancy (VAT, income tax, national insurance) before establishing the entity, opening files with various tax authorities, assisting with opening a bank account for the company/branch, acting as the Israeli representative for VAT purposes, bookkeeping in various currencies and in English, preparing monthly financial reports for the management, preparing books for audit, and ongoing tax consultancy – all these are just examples of the unique services we offer through the multinational companies sector in our firm.

Alongside these services, we also offer additional financial services that are regularly provided by our firm and are relevant to multinational companies operating in Israel, such as bookkeeping, payroll, trust bank account management, VAT representation, manpower services, audit of financial reports, and financial administration.