68% of Israeli start-ups beginning to take legal and financial steps to partially or fully move out of the country
Sixty-eight percent of Israeli startups have begun taking active legal and financial steps to partially or fully move out of the country, believing that the state’s planned judicial reforms pose an economic risk, a new survey found.
These steps include withdrawing cash reserves, changing the location of their headquarters to outside of Israel, relocating employees and even conducting layoffs.
Read more in NoCamels.
Meanwhile, the Knesset passed into law on Tuesday evening a bill to promote investment in Israel’s hi-tech and innovation industry.
The law seeks to address a major problem that exists in the country’s hi-tech sector: that companies grow and leave, and that major corporations are often turned off by opening offices here.
Read more in Jerusalem Post.
