Opening an osek, and invoicing abroad
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What you are signing up to run
The three business types
Osek patur, osek murshe and osek zair, and the thresholds between them.
Working for a foreign employer
Where you are taxed when the client is abroad and you are here.
Zero-rated VAT on exports
Invoicing foreign clients at 0% VAT, and the evidence you must keep.
Which structure, and whether the numbers work
Build the monthly budget
Irregular income against fixed costs, before you leave a salary.
Check the keren hishtalmut
What the self-employed allowance is worth against the tax it saves.
The alternatives to opening one yourself
Registering and staying compliant
Set up your advance payments
Mikdamot: how Israel collects tax from you before the return.
Start the mandatory pension
The self-employed pension duty, and what happens if you skip it.
Find a bilingual accountant
What to ask, and what a roeh cheshbon should cost at your size.
Opening a business means registering separately with Mas Erech Musaf (VAT), Mas Hachnasa (Income Tax) and Bituach Leumi, and they do not tell each other. Do all three in one week and keep the confirmations together. Bituach Leumi is the one people forget, and it is the one that quietly accrues arrears while you assume you are registered.