top of page

Israeli Company Liquidation

Office Work
Stamping a Document

Company Liquidation is a desirable and even a smart step whenver you are facing a situation in which the company is inactive, and you do not have any use for it in the foreseen future. You can read below how we can help you with the process of liquidation.

Company

Liquidation

As an owner, you know that having a company is like having a car; it has its own annual maintenance (read about annual maintenance here). Such annual maintenace is important for the ongoing business of the company, but nevertheless it involves time, effort and money to keep that company alive. Therefore, if after some time of having that comapny you find that you no longer have any use of your Israeli Company now or in the near future, it is probably a good time to liquidate it.

​

Such a liquidation procedure is called "Voluntary Liquidation". It is called this way because the owner is the initiator of the process, and the director(s) attest that the company is fully solevant for all its debts for the purpose of liquidation. This liquidation takes around 100 days once the documents are properly submitted.

​

In Israel, in general the state requires that the director will be physically in Israel in order to sign the liquidation papers. Nevertheless, we have more than one way to make 100% sure that you will not need to physically come to Israel to dissolve your Israeli company! Today, with our knowledge, we can do the entire process remotely.

Important note

Important note for the owner of the Israeli Company, is that currently, as part of the liquidation process incurred annual fees over the years actaully can be waived, for the years in which the company was not active. Such a step does not happen automatically once the liquidation is initiated, but rather it is a possibility that the liquidator should use for the benefit of the owner(s).

Liquidation by Court

Another type of Company Liquidation is in case of insolvency. Such a case is likely to form whenever the company was active and conducting business, but still unsuccessful, financially or otherwise. In such case the company cannot be quicky liquidated, and the owners must submit an application to the relevant district court, through us. Such an application will involve all creditors, but at its end the company will be terminated. It 

bottom of page