ANNOUNCEMENT 28 Dec 2016
In December 2016, the government of Israel introduces a new visa program for foreign entrepreneurs.
NUMBER OF INTERVENTIONS
Israel Innovation Authority, Innovation Visas Program for Foreign Entrepreneurs (Pilot), 28 December 2016, Available at https://innovationisrael.org.il/en/program/innovation-visas-program-foreign-entrepreneurs-pilot#:~:text=The%20innovation%20visa%20enables%20foreign,their%20technological%20initiatives%20in%20Israel.&text=Such%20further%20support%20may%20allow,up%20to%205%20additional%20years.
UNCTAD, Israel Introduces 'Innovation Visa' program, 28 December 2016, Available at https://investmentpolicy.unctad.org/investment-policy-monitor/measures/3035/israel-introduces-innovation-visa-program
O 28 December 2016, the government of Israel introduced the "Innovation Visa Program" for foreign entrepreneurs that will allow them to stay for a period of up to 24 months with the purpose of developing a company in Israel. The process of the visa is the following:
Prior to the new visa program, foreign entrepreneurs were treated like guest workers under the B1 visa which allowed them to stay only for three months.