Section 20 of the Economic Policy Law for the years 2011 and 2012 is known as the “Angels Law”. It is designed to promote science-based industries in Israel by creating a tax incentive to encourage investments by individuals (“Angels”) in start-up companies – investments that will help them to become stable and well-established companies which will eventually contribute to the economy.
- Advice and assistance in selecting an investment program that is most suitable for the company, taking account of the program’s threshold conditions.
- Preparing the documents required to submit the applications, and assistance in preparing the technological document.
- Submitting the application to the Authority and follow-up until the Authority’s approval is obtained.
- Preparing and submitting the required documents to Income Tax, and distribution to investors.