Allwira & Angel specializes in providing consulting, financial and management services for global companies seeking opportunities for doing business in Germany and in Israel. Our clients, biotechnology and medicine companies, choose us as strategic partners, accounting services suppliers and business consultants for their international businesses.
Our exclusive services for the bio-tech industry include:
- Accompanying and assisting clients applying for Chief Scientist grants
- Obtaining work permits in Israel
- Payroll accounting
- International tax strategy for the purpose of avoiding double taxation between Germany and Israel
- Business development for companies seeking to penetrate the Israeli market
- Accounting and bookkeeping for biotech companies operating in Israel and Germany
Following the beginning of hi-tech era, the Israel-based Weizmann Institute of Science, one of the world’s leading multidisciplinary basic research institutions in the natural and exact sciences, was home to some of the world’s earliest developments in biotechnology. Biotechnology today includes such fields as genetic engineering and industrial biotechnology and has numerous applications in medicine and agriculture.
Since the beginning of 2000s, Israel has taken its place as one of the leading countries in the world in the bio-tech sector. Indeed, Israel is the first in the world in the quality of scientific research, second to Europe in the number of biotech companies with products in development per capita, and the first in the world in the number of medical device patents per capita. 20 years ago, Israel was home to 186 biotech companies, while today there are more than 1,000. Moreover, the Office of the Chief Scientist in Israel’s Ministry of Economy invests over 50% of its annual budget in biotechnology.
Germany-Israeli scientific collaboration preceded the beginning of diplomatic relations between the two countries in 1959. Since then, Germany’s Federal Ministry of Education and Research (BMBF) has been engaged in close collaboration with the Israeli Ministry of Science, Technology and Space (MOST) and the Ministry of Economy (MoE). In 1986, The German-Israeli Foundation for Scientific Research and Development (GIF) was founded. Over the years, this organization has developed bilateral programs, financed scientific and academic research, funded civil security research and supported hundreds of bilateral projects ranging across all disciplines.
Allwira & Angel occupies a specific niche, assisting German companies operating in Israel and Israeli companies operating in Germany. We supply our clients with professional accounting, financing and taxation services. Companies interested in German-Israeli collaboration will enjoy unique services from Allwira & Angel, from guidance in establishing a presence in Israel to help in developing a taxation strategy, taking into account the company’s capital structure and its vision.