Doing Business in Israel CBD
Tel Aviv is the second largest city of Israel which has been one of the strongest financial and high tech centers in the Middle East. Because of the booming business industry in Tel Aviv, this has been recognized as the central business district of the country, which serves as the Israel’s economic heart.
The first modern Jewish City in the world, Tel Aviv was actually founded just a few centuries ago. The lack of history of the city can be reflected in its youth-oriented atmosphere, secular culture, entrepreneurial business mindset and Bauhaus architecture. While Jerusalem, the capital city of Israel lies at the geographic and spiritual heat of the country, Tel Aviv is its cultural and economic hub, with nearly half of the entire Israelis and forty percent of jobs in Israel are situated within the Tel Aviv area. Most people living in the city are Jewish. However, it also has an Arab minority as well as a quite visible presence of business people, tourists, diplomats and low-wage workers.
The Israelis’ Characteristics in Business
Many Israelis are greatly proud of all their innovative and active high-tech sectors, and the great availability of their venture capital, which enables Tel Aviv to earn the nickname Silicon or Arabic for valley. Israel has been widely recognized in the diamond trade in the world, as well as the country’s innovations in homeland security and in agriculture.
The business atmosphere in the Central Business District in Israel will feel convenient and familiar to most of Americans. Though the language barrier may often prove quite inconvenient, people in Israel generally speak English, most particularly within the private sectors. Israelis are also relatively savvy and flexible when it comes to their impressive efforts to comply with the global norms. All visitors can also feel free to depend on the standard western practices without really having to offend anyone.
In business, once misunderstandings happen, this is mostly because of the direct speech that is common among various Israelis, which can essentially be interpreted as honest on other or rude to some. Israelis actually speak loudly and they are most likely to cut into other person’s sentences. They are also wave their hands and may raise their voices. For some, this can be interpreted as anger. However, they are not really angry. For them, they’re just talking and do not really mean anything.
Also, Israelis always want immediate answers, and they always want processes to be efficient and fast. In the sense of business, this is a positive characteristic because they can always do things quickly and more effectively. This also means that they has the ability to grasp ideas and things immediately and think quickly.
Doing business in the central business district of Israel is really advantageous because of the fact that the Tel Aviv economy is booming. The business in the city is also continuously thriving, making it a perfect place in the country to start your own business. Business opportunities in Tel Aviv is also relatively numerous, and Israelis are highly dedicated to the success of business.
Factors to Consider When Doing Business in Israel
Harboring more than one third of the entire Israeli population, the Metropolitan area of Tel Aviv, is the cultural, industrial, and the economic center of Israel – in means that located in it is the central business district of Israel. More than ½ of the country’s industrial plants can be found in Tel Aviv and the major industries include clothing and textile, tobacco and food, engineering and metal, transport equipment and vehicles, diamond polishing, wood and furniture products, publishing and printing, electronic and electric equipment and instruments.
Israel’s has only one stock exchange and it is located at Tel Aviv, and virtually every insurance companies, banks, and other business operating in the country situate their main establishments and offices in this city. Most of the Israel’s periodicals, newspapers, and even books are being published in this excellent city – Tel Aviv. In addition to that, Tel Aviv is the heart of Israel’s essential tourist industry.
The economy of Israel comprises of a wide variety of competitive industries. Thus, business travelers visiting Israel will definitely discover that lots of foreign expatriates are working for this country’s multinationals. Likewise, a lot of companies and businesses opt to establish foreign branches and offices in Israel because of the excellent and potential business activities in this country.
Israel central business district is where most of the negotiating and trading takes place. And it is also known as the center of their business world. This district is located in Tel Aviv, one of the busiest cities of Israel.
Top Academic Education – As among them most educated workforces of the world, it is no doubt that many highly profitable innovations and developments are from Israel. The country enjoys highest ratio of engineers of the workforce worldwide, and also highest ratio of academic publications and university degrees. Because of this fact, more and more investors from the different parts of the globe continue to set up their start up enterprises in Israel.
Israeli Speaks Other Languages – Lots of investors and businessmen are very comfortable and at ease doing business in Israel for the country speaks other languages. People understand your business culture and your language; in fact most Israeli’s are speaking the English language as well as other common languages. This allows business owners to do their business more efficiently and conveniently on their part.
But where does Israeli Excels? There are actually lots of potential industries in Israel that you can take advantage from such as agro technology, biotechnology, data security, internet technologies, medical equipment, nanotechnology, optics, property investment, telecommunications, software, semiconductors, and safety and security. Add this to the fact that Israeli actually has a highly extensive network of business agreements with many countries all through North America, Asia, and Europe – opening up lots and lots of business opportunities to potential investors.
Thus, if you are planning to set up your own business, you should consider Israeli as one of the best option. The country deserves to be included on your list of potential business destinations. Indeed, Israel and its central business district have a lot to offer.
Israel CBD – Perfect Haven for Businesses
Having almost sat out the international recessions, the economy of Israel is constantly booming with Tel Aviv as the country’s seaside commercial and cultural headquarters. Boutique hotels are now opening their doors, high-end restaurants are also debuting monthly and the scene of nascent contemporary art is obtaining international attention.
Tel Aviv is a great city in Israel and even noted as the country’s cultural and economic center. Tel Aviv is also the central business district in Israel where international businesses are encouraged and internet connections are highly available. Apart from that, all the needed services are just really close at hand.
Tel Aviv is also the country’s one of the most amazing cities and even serve as paradise for various international travelers who are seeking to get connected with their offices while visiting the city for conferences. With a large number of hotspots as well as free Wi-Fi services offered throughout the city, business owners and business travelers can always keep abreast of all the latest news with regards to their own fields. Access to internet is available in many places throughout the city including cafes, fast food chains, restaurants and even to hotels. This is greatly beneficial especially to all business travelers to always check their emails just everywhere in the city.
Unlike the United States and Europe wherein almost all places charge for the use of internet, most establishments in the business capital of Israel provide internet services that are free of charge. Whether you go to gas station, convenient stores or some other public places in Tel Aviv, you can have internet access that is absolutely free.
Apart from the availability of internet connection all over the city of Tel Aviv, business people are not really drawing string lines between their personal lives and their business. For this reason, it is not really unusual for Israelis to invite their visitors to their homes. They are also very professional in their work that is why they do not really mind taking business calls after business hours.
Also, business dress is less formal in the country as compared to that in the US. Unless you have a meeting with the top executives or prominent lawyers and top government official, business casual is actually fine. Ties and suits are also viewed as marks for their foreign visitors.
When you are doing business in the city, remember that Israelis have a very short weekend. For them, Sunday is just a regular working day, and on Fridays, just before their Sabbath, they are typically working half day. Moreover, by three or 4PM, banks and chain stores are close throughout Saturday night. They are reserve their Friday evening for family time.
When it comes to their markets, local markets in the central business district of Israel are impressively pleasant. For instance, the Tel Aviv Airport is the most perfect place where you can usually discover the Farmer’s Market, through which they mostly hold market day each Friday market. The central business district in Israel, Tel Aviv is indeed a perfect haven for businesses and even to business travelers.
Israel Central Business District – Doing Business in Israel
CBD or Central Business District is often the geographic or commercial health of the city. It generally refers to a central district of the city, most commonly typified by concentration of office and retail buildings. The term ‘city place’ is considered similar with Central Business District in the sense that they both serve same purposes for a certain city and the both are being marked by higher than the common urban density and often have the biggest and tallest buildings.
Though there are lots of potential areas in Israel where you can put your business, the central business district of Israel is perfectly situated on the ’20 Road’ between Israeli Diamonds International Center of Ramat Gan and the Azreili Towers of Tel Aviv. Over the years, more and more international investors have emerged in the CBD of Israel and it shows no signs of slowing.
Israel is perfectly situated at the Mediterranean coast. The country is home with many ancient sites that act as the major tourists’ destinations and attractions. The terrain greatly varies from mountainous landscape, with very fertile agricultural lands in north and to desert areas in south. Major cities include the capital city Jerusalem, with lots of religious and historical sites, Tel Aviv, the commercial, industrial, financial center or the Central Business District, Haifa, the major port city, and also Beer Sheva, which is the biggest city in Negev.
Doing business in Israel is always a potential investment because of their excellent currency and banking features. The financial system of Israel is highly transparent, developed, and computerized. The country’s central bank essentially implements solid monetary policy, controls the local banks, and also manages the foreign currency.
Israel Central Business District – Exports and Imports
If you are planning to enter the exports and imports world of business in Israel, you should consider the different essential factors.
Import Controls: The government of Israel levies custom duties on various goods that enter the country. Custom clearances should be obtained as well in order to import goods. In addition to that, you should also learn about the quarantine controls of the country in regards to importing goods. And since there are numerous trade agreements and deals with the European communities and the USA, it is very evidential that Israel’s import businesses are becoming more and more successful over the years. The major imports of Israel include manufacturing equipments and motor vehicles.
Major Exports: The major exports of Israel include chemicals, agricultural equipments, medical equipments, diamonds, and military hardware pharmaceuticals. However, the main export of Israel is the country’s human capital – the ability, expertise, and intellect of the people. Since the country’s foundation, the economy of Israel has actually been transformed from an agriculture-based economy to a ‘hi tech powerhouse’. This is one of the many reasons why a lot of investors have opted to do business in Israel, specifically in the Central Business District.
When it comes to potential business investments, Israel has a lot to offer. You just have to know all about the ‘ins and outs’ of the country’s business economy and other related information.
Israel Central Business District – The Country Encourages Investments
Israel is a famous business and commercial center, home to a lot of tourist hubs in Middle East. Numerous people visit the county with different reasons – both leisure and business purposes. This has actually initiated the development and growth of businesses in Israel. The central business district of Israel is located at the 20 Road between the Azreili Towers in Tel Aviv and the Israeli Diamonds International Center in Ramat Gan.
Investors from all over the world are deciding to do business in Israel especially in the country’s central business district. And this is because of what it has to offer. And over the years, the business economy of Israel is constantly improving all thanks to the different businesses operating in the country.
Investments in Israel
Legislation encouraging investments continue to play a significant role in constantly attracting foreign investors and business into Israel. The country is ultimately determined to solidify and maintain their growth as well as to increase their already strong and established place in the international economy. The continued regulations and policy of liberalization, accelerated privatization, and create free trade contracts with additional regions and countries enhance the success of Israel.
In addition to that, foreign investments have also played a critical role in the economic growth of Israel. There are more than sixty active Venture Capital Funds in the country, which pump the steady streams of necessary resources in the sector of technology. Additionally, there are also more companies in Israel that are traded in NASDAQ as compared to any other countries outside North America. The many leading international companies and investors in Israel have benefited from the entrepreneurial, forceful labor force that creates cutting edge technology.
Other essential financial sources in Israel include local savings and commercial banks, banks that specialize in granting mortgages, stock exchange, and financial institutions.
Why Leading Companies Choose to Do Business in the CBD of Israel?
There are actually lots of reasons why leading investors and companies opt to do business in Israel, not just in the central business district of the country.
ü Highly talented, diverse, and educated workforce
ü Impressive and compelling track record in developing very profit driving equipments and technologies
ü High level and value of scientific researches
ü Modern infrastructure
ü Supportive government institutions and programs
ü The country creates fertile environment aimed at innovation
Aside from the above mentioned reasons, Israeli businessmen are dedicated and driven to become the next worldwide success story such as the Teva Pharmaceuticals and Checkpoint. Israel is indeed among the biggest centers of the world that is ideal for start up businesses.
Israel is always innovating. In fact, the country is one of the countries that have a high rate of ‘research and development’ investments per GDP worldwide - Deeply dedicated to nurturing innovation and entrepreneurship. With all the above mentioned facts, you will be able to realize how potential it is to do business in Israel. Thus, if you are planning to run your own business and looking for the best possible business destination, consider Israel as one of the best options.
The Central Business and Trading Center in Israel
Harboring more than one-third of the Israeli population, Tel Aviv Metropolitan area is the cultural, economic and industrial heart of Israel. Almost more than half of the industrial plants of Israel are actually found within the Tel Aviv metropolitan Area. In this place, the main industries are actually clothing and textile, tobacco and food, transport equipment and vehicles, wood products, electronic and electric equipments, diamond polishing, engineering and mental as well as publishing and printing.
The only stock change in Israel is situated in Tel Aviv and almost all the insurance companies, banks and some other enterprises that operate in the country locate their main offices within the city. Also, most of periodicals, books and newspapers are published in the city. Tel Aviv is also the Israel’s main center of tourist industry and great hotels.
Tel Aviv was actually founded as Jaffo’s suburb in the year 1909, which serves as the world’s oldest settlements. By the year 1926, the population of Tel Aviv reached thirty-eight thousand, and the town has been the country’s booming business center. The growth of the town had gathered a momentum during the early 1930s, and by the year 1936, it population even reached one-hundred thirty thousand. This makes Tel Aviv the most important and the largest city in Palestine. In the year 1950, Tel Aviv merged with Jaffo, which serves as the newest municipality that absorbs the older town.
The Modern Tel Aviv-Jaffo is long and narrow city that fronts the Mediterranean for almost six miles. This is built more than 3 low ridges of great sandstone hills that are running parallel to the coast. Such ridges have greatly influenced the layout of the city. Israel’s central business district, which serves as the country’s economic heart, occupies most of Tel Aviv’s older part.
With more than 1.5 million of residents, Tel Aviv is really a vibrant and impressive cosmopolitan city. Both Middle Easter and European in character, the city is rich in educational, recreational, social, cultural and business opportunities. Nightlife in the city is also exciting and plentiful. Also, vacationer and visitors in the city can enjoy dozens of different types of accommodations that range from luxurious rooms to those simple yet sophisticated lodging.
Tel Aviv, commonly regarded as the “city that never stops,” was actually the very first new and modern Jewish city that was built in the country. It is considered as the country’s cultural and economic center. It’s an active city of Israel that is rich in great entertainment, festivals as well as culture and arts.
Tel Aviv is an exciting city also considered as the Israel’s main trade and business center. There are bustling and colorful markets in the city which include the Carmel market, Levinsky market, the HaTikva market and the flea market in Jaffa. Impressive shopping malls are also available in the city including the Azrieli Center and Dizengoff Center, and valuable business centers for realtors, high-tech and modern companies as well as businesses in the stock market. These things have made the city the country’s business capital and international center for conference, exhibitions and conventions.