Israel

Israel

Finalizes criteria for Investment Center to Reward Innovation and Productivity

26 Aug 2013

The Ministry of Economy finalized the professional criteria upon which companies operating in Israel will be granted investment grants in accordance with the Law for the Encouragement of Capital Investment. The purpose of the grant is to encourage innovation and improving existing technology. The incentive budget for 2013 includes NIS 300 million grant autorization and NIS 250 million cash grants.

Nature of measure:
  • Incentives
Type:
  • Promotion and facilitation (Investment incentives)
Industry:
  • Not industry specific
Inward FDI:
Yes
Outward FDI:
No
Sources: