Israeli Minister of Economy Aryeh Deri: “Israel is known in the world as a center of innovation and development and we must retain this position. The innovation visa will enable foreign entrepreneurs from all over the world to develop new ideas in Israel and this will help the local market grow and improve our standing in the world.”

The Israeli Ministry of Economy, through the Office of the Chief Scientist and the Population and Immigration Border Authority will launch the program in the coming months. Entrepreneurs who are awarded up to 24 month visas will be able to develop new technological enterprises in Israel and their visas will be extended if they decide to establish startup companies in Israel.

Israeli Ministry of Economy Director General Amit Lang this week signed off on an executive ministry program entitled “Innovation Visas for Foreign Entrepreneurs”. In coming months, the Office of the Chief Scientist at the Israeli Ministry of Economy and the Population and Immigration Border Authority will complete preparations for the program, in which visas will be given to foreign investors from abroad. These investors will be allowed to develop technological initiatives in Israel for a period of up to two years. Continue reading →