Israel approves tax benefits to boost tech, as judicial jitters imperil investments
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The Knesset last week approved a law dubbed “Angels Law,” which grants some tax benefits to investors in Israeli hi-tech companies, as well as incentives for acquiring or merging with startups if the intellectual property is registered in Israel and they have operations in the country.
The government said that the purpose of the law is to preserve Israel as an attractive hub for investment in tech companies and to support the development of the industry. The law has been advanced over the past couple of years and was passed in an initial reading in 2022.
Read more in Times of Israel.
