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IMPACT – MEDIUM
What is the change? According to Israeli press reports, the Ministry of Interior is planning several changes to improve and speed work-permit processing for foreign workers in the high-tech industry.
What does the change mean? Among the changes, a streamlined online application process will be introduced for high-tech companies that are preapproved by the Innovation Authority. Additionally, the ministry will ease other rules for the high-tech sector, such as allowing work authorization for domestic partners of high-tech experts and allowing up to 500 foreign students to work without meeting prevailing-wage requirements.
BAL Analysis: The steps are positive developments for high-tech companies in Israel. BAL will update clients when more details are announced.
This alert has been provided by the BAL Global Practice group and our network provider located in Israel. For additional information, please contact your BAL attorney.
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