In the first half of 2023, 44% of new Israeli startups were incorporated overseas, more than double the 20% over the corresponding period of 2022, IATI reports.
“It is still in receivership. But it is backed by money, so people are guaranteed their assets. People are back in business and now have access to all, not just a portion, of their money,” explained Itay Frishman at the Ramat Gan-based Meitar law firm
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Adv. Dan Shamgar, a consigliere to many of Israel’s high-tech startups, added that some companies are already running out of cash, but that entrepreneurs are not panicking just yet