I have just asked my accountant and he sais that seting up an Amuta needs 9 people (7 in management and 2 in control) about 15.000 NIS in the first year (for accounting) and about 10.000 in the folowing years for accounting.
Then it taks about 1 year to get the license that allows tax deduction for those who give money to the Amuta. The ammota has to pay VAT (MAAM) the same way any person pays and cannot get it back from the TAX authorities On the other hand if someone gives you money he does not have to pay you VAT. This is interesting for people giving you money but for companies this is not relevant. Also once you get that license the company giving you money will get 35% tax refund but if you were a company it would get 36% tax refund. So basically in the first year you have no advantage of being an Amuta over being an Ltd. and later if you get that license you have advantage only if you want to receive money from individuals (they can get tax refund) or if you want to get money from government or special funds of companies. Otherwise it is the same thing as having a company. Ok, maybe it was not that imortant to write this down now but as i had to sit with my accountant today anyway so I thought i'll share with you some of our conversation :-) regards -- Gabor ================================================================= To unsubscribe, send mail to [EMAIL PROTECTED] with the word "unsubscribe" in the message body, e.g., run the command echo unsubscribe | mail [EMAIL PROTECTED]
