So, you’ve received a job offer or an internship that requires relocation? You’re probably excited about the opportunity and thrilled about the new adventure! But wait. Before you pack your life into a suitcase and head to your new destination, it’s crucial to know that relocation requires advance planning – otherwise you might end up losing money. Moving to a job in a foreign country exposes employees to two tax systems. Often, people considering a move don’t factor in double taxation and the agreements between Israel and various destinations. They assume it will all work itself out along the way, and this is a serious mistake that can lead to financial damage and distress.

Our accountants from the Relocation Department accompany returning residents, new immigrants, and hundreds of Israeli employees who wish to work around the world in a wide range of fields: high-tech, retail executives, medicine, biotechnology, and more. We help ensure the transition is smooth and financially sound. Our experts anaylze the new employment terms along with the candidate’s family and personal situation, laying out all the considerations they face to enable informed and financially savvy decisions. When to cash out shares, whether and when to disconnect residency, whether it’s mandatory to continue paying National Insurance (Bituach Leumi), how to properly manage passive income from Israeli sources, and more.

The recommendations of accountants who are proficient in the field and deeply familiar with international taxation and tax laws in Israel and the destination country can change the entire experience for you for the better!

Don’t take this big step without consulting the experts in the field.