High Tech sets up shop in Jerusalem

Jerusalem City Hall subsidizes High Tech! Does your company specialize in High Tech in Jerusalem? There's a good chance you'll qualify for a grant!

In a bid to transform Jerusalem and breathe new economic dynamism into the city, Jerusalem Mayor Nir Barkat is deploying numerous means to make the capital attractive to companies and entrepreneurs.

One of the "flagship" elements of this promotional campaign is a financial grant. This grant is reserved exclusively for companies that decide to set up in Jerusalem or expand their activities within the city. Naturally, the grant is subject to certain criteria.

Jerusalem turns to High Tech

The company's sector of activity must be high-tech, communications, digital companies, bio-technology or industrial design.

If you meet one of the above criteria, you can get a very attractive grant:

• For setting up your company in Jerusalem, the subsidy will vary between 400,000 and 600,000 Shekels.
• If you decide to relocate your existing business within the capital, the grant will also be between 400,000 and 600,000 shekels. This amount will vary according to the size of your business.

A subsidy for companies

One of the most important conditions for launching this application is that your company be incorporated as a Hevra Baam.

If you currently operate as an Ossek Mourché, you can migrate your structure to a Hevra Baam. This will enable you to apply for this grant.

Read also: Cow to set up a company in Israel

How do you apply for this grant?

The firm will be happy to provide you with further information and offer you the following services turnkey.

Our experience in grant applications saves you time and money.

In fact, the firm takes care of the whole process of applying for the grant, obtaining the necessary documents, completing the administrative formalities with the Jerusalem Development Authority...