Car Import Tax
Car Import and Tax Reduction for New Olim in Israel (2025 Update) Overview When a person makes Aliyah, Israel offers a variety of customs and tax benefits to help ease their integration. Among the most significant are the vehicle import benefits. These allow new Olim to import or purchase a car at a reduced tax rate, helping offset Israel’s normally high car prices. However, while the benefit can save tens of thousands of shekels, it’s not a full exemption — you still pay importSome readersBringing Cash To Israel
Legal Rules for Bringing Cash into Israel The declaration requirement There is no upper limit to how much money you may bring into or out of Israel. However, if you are carrying 50,000 ₪ or more (or its equivalent in any foreign currency), you are legally required to declare it to customs upon entry or departure. This declaration applies to all forms of money, including: ï Cash ï Traveler’s checks ï Bank checks ï Bearer secSome readersTax Benefits
What You'll Actually Make in Israel (And Why Your Accountant is About to Become Your Best Friend) Or: How I Learned That "Tax Benefits" Are the Three Most Beautiful Words in the English Language Let me tell you about the moment I understood Israeli salaries. I was at a cafe in Tel Aviv—because where else would this story take place—and I overheard two Americans arguing about a job offer. One of them had just been offered a position at an Israeli tech company for ninety thousand dollars a yeaFew readersCost Of Living 2
Cost of Living in Israel Comprehensive Comparison: Israel vs. USA, UK, and Canada TABLE OF CONTENTS 1. Executive Summary 2. Housing Costs 3. Utilities and Bills 4. Groceries and Food 5. Transportation 6. Healthcare 7. Dining Out and Entertainment 8. Childcare and Education 9. Personal Care and Services 10. Overall Cost of Living Index 11. Income and Purchasing PowerFew readersCost Of Living
ISRAEL COST OF LIVING FACTSHEET Comprehensive Comparison: Israel vs. USA, UK & Canada Last Updated: October 2025 Currency: USD (unless otherwise noted) Exchange Rate: ₪3.70 = $1.00 QUICK REFERENCE SUMMARY Overall Cost Rankings (Most to Least Expensive)Few readersAliyah Benefits
Rights, Grants & Tax Benefits for New Olim Making Aliyah brings with it a wide range of financial and practical benefits designed to help new immigrants settle successfully into Israeli society. These rights are collectively known as Zchuyot La’Oleh (immigrant entitlements). They are administered primarily by the Ministry of Aliyah and Integration, the Ministry of Finance, and Bituach Leumi (National Insurance Institute). Below is a complete overview of what new Olim are entitFew readersChecklist UK
Financial Planning Checklist for Moving from UK to Israel Before You Leave the UK Banking & Accounts ï Notify your UK bank of your move and provide forwarding address ï Set up online banking for all UK accounts ï Consider keeping a UK bank account open for ongoing obligations ï Research options for international banking (HSBC, Barclays, etc.) ï Understand requirements for opening an Israeli bank account ïFew readersChecklist USA
Financial Planning Checklist for Moving to Israel Before You Leave Banking & Accounts ï Notify your US bank of your move and international address ï Set up online banking for all US accounts ï Consider keeping a US bank account open for ongoing US obligations ï Research Israeli banks (Bank Leumi, Bank Hapoalim, Discount Bank, etc.) ï Understand requirements for opening an Israeli bank account ï ObtaiFew readers
