Media and entertainment
Allwira & Angel specializes in providing consulting, financial, legal and management services for bilateral companies seeking opportunities for doing business in Israel. Our local experts supply support and accompanying for foreign companies in applying for requesting government grants and funds for their projects. Our clients, choose us as strategic partners, accounting services suppliers and business consultants for their international businesses.
Our exclusive services for media and entertainment sector, include:
- Obtaining working permits in Israel, retainer agreements for artists and payroll accounting for foreign employees
- International tax strategy setting out for the purpose of avoiding double taxation between Germany and Israel
- Business development for companies that seeking to develop in Israeli media and entertainment market
- Accounting and bookkeeping for media and entertainment companies operating in Israel and Germany according to GAAP and IFRS
- Accounting treatment for capitalization of product development costs, taking into account nature of costs, timing of cost capitalization and method of cost recognition in the income statement.
- Accounting treatment for intangible asset such as, acquired programming rights, royalties, IP and copyrights.
Israel is a young developing country full of potential and eager for changes, growth and innovation. The same is regarding media and entertainment industry in Israel for last couple of decades. More and more entertainment contents are imported to Israel such as television series, TV shows, reality shows, signing competitions and many more. Television production companies, content managers, artists and other functions come across taxation, accounting and company foundation issues.
Allwira & Angel occupies a specific niche, bringing over 20 years’ experience in media and entertainment industry accounting, assisting German companies operating in Israel and Israeli companies operating in Germany. We supply our clients with professional accounting, financing and taxation services as to media and entertainment transactions and management. Companies interested in Germany-Israel collaboration will enjoy unique services from Allwira & Angel, guidance in establishment a presence in Israel to help in developing a taxation strategy, taking into account the company’s capital structure and its vision.