The State of Israel grants a tax benefit to new immigrants and returning residents. The purpose of the benefit is to encourage potential “Olim” and Returning Citizens of Israel to make Aliyah. The benefit is valid for 10 years it grants an exemption from reporting and paying tax on income and assets from abroad. It is valid for all types of income that originates outside of Israel except for: salary, dividends, interest or royalties, capital gains from the sale or rental of a business or real estate abroad.   Who is entitled to the benefits of a new immigrant? An individual who was