Blog
New Israeli Reform Opens Doors Wide For Entrepreneurs
It seems the Government of Israel is serious about attracting more investors and entrepreneurs. The Ministries of Finance and the Economy have recently announced reforms that are aimed at promoting entrepreneurship and innovation. The Ministries have announced that a national technology innovation authority will be established and will be based out of the Office of the Chief Scientist. The aim is to allow for a shorter process and fewer delays and to improve the conditions for doing business in Israel.
The overall goal of this new reform is to attract new innovative businesses to the country by making these kinds of businesses in Israel easier to do. This is a very welcome move and anything that can be done to enhance Israeli innovation and growth is an excellent thing. It is speculated that a more modern suite of economic tools to choose from will be a big part of this upcoming reform. Most certainly it is a welcome move and represents the first major change in this area in Israel, in the last twenty years.
Read more: New Israeli Reform Opens Doors Wide For Entrepreneurs
Tech Boom in Israel Continues With Microsoft Purchase
Companies from all over the world are continuing to consider Israel as a viable option for investment in the high-tech sectors. This has been proven again as it has been reported by The Wall Street Journal that corporate giant Microsoft has signed a letter of intent for investing over two hundred million dollars in the purchase of the Tel Aviv firm Equivio. Both sides are very quiet at this time on the purchase but it sends the message to others that the State of Israel is open and ready for business from International firms.
Read more: Tech Boom in Israel Continues With Microsoft Purchase
The State of Jerusalem Is at the Center of a Landmark U.S. Supreme Court Case
On Monday, the U.S. Supreme Court heard arguments in a case that tests whether a 12-year-old boy can list “Israel” as his birthplace on his American passport. The case was brought on by the parents of Menachem Zivotofsky, who was born in Jerusalem in 2002. In 2002, A law that grants Jerusalem-born Americans the right to list “Israel” on their US passports, was passed by Congress. This regulation was passed as part of the Foreign Relations Authorization Act. The State Department, however, has long refused to implement it. This is the second time that the Zivotofsky family is seeing the Supreme Court; the first was in 2012.
Read more: The State of Jerusalem Is at the Center of a Landmark U.S. Supreme Court Case