FAQS

Having a lawyer is highly recommended when purchasing a property in Israel. While it’s not a legal requirement, a lawyer can provide valuable assistance throughout the process, such as reviewing contracts, conducting due diligence, ensuring the transaction is legally sound, and protecting your interests.

Yes, non citizens can buy property in Israel!  You can even get a mortgage in the currency of your choice (Shekels, Dollars, Euros, Pounds). 

Escrow companies are not commonly used in Israel for real estate transactions. Instead, a lawyer or a trusted third party typically holds the funds in a designated account until the transaction is completed. As for title insurance, it is not as prevalent in Israel as it is in some other countries, but some companies do offer title insurance services. It is advisable to consult with a lawyer to understand the options available.

Yes, Israel imposes inheritance tax, also known as estate tax. The tax rates and exemptions depend on various factors, including the relationship between the deceased and the heir, the size of the estate, and other relevant circumstances. It is advisable to consult with a tax professional or lawyer to understand the specific implications for your situation.

Yes, it is possible to purchase a property in Israel in the name of a trust. However, specific legal requirements and regulations regarding trusts vary, so it is important to consult with a lawyer who specializes in Israeli real estate and trust law to ensure compliance with all relevant laws and regulations.

Yes, it is possible to purchase a property in Israel in the name of a limited liability company (LLC). However, similar to purchasing in the name of a trust, there are legal requirements and regulations that need to be followed. Consulting with a lawyer who is knowledgeable in Israeli real estate and corporate law is crucial to ensure compliance.

Purchase tax rates for property purchases in Israel vary based on the value of the property. As of September 2021, the rates ranged from 3.5% to 10%, with higher rates applying to more expensive properties. These rates can change over time, so it is advisable to consult with a lawyer or tax professional for the most up-to-date information. See more information in this article

Yes, certain situations may qualify for a reduced or discounted purchase tax rate in Israel. For example, first-time homebuyers may be eligible for lower tax rates or exemptions. Additionally, there may be specific government programs or incentives that provide tax benefits. It is recommended to consult with a lawyer or tax professional to determine if you qualify for any tax discounts or exemptions. See this article for more information.

Having a will in Israel is advisable to ensure that your assets are distributed according to your wishes upon your passing. A will can help avoid complications and disputes among heirs and provide clarity in the inheritance process. It is recommended to consult with a lawyer who specializes in Israeli inheritance and estate planning to draft a will that conforms to the relevant laws and regulations.

A prenuptial agreement can be important in a real estate transaction, especially if the property is acquired during a marriage.

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