Foreign entrepreneurs can now utilise the recently implemented Innovation Visa in Israel which will be trialled for a 3 year period. This new visa category will allow entrepreneurs to remain in Israel for up to 2 years with the support of a local incubator programme to help develop their innovative business plan. Applications can be submitted to one of 12 organisations, through the Innovation Authority Website.
Those who are able to successfully launch their company in Israel may be eligible to obtain an extended work authorisation once their initial authorisation is over. If the project is successful, there will be the possibility for applicants to obtain expert visas valid for up to five years.