Finance Guides
Banking, taxes, and financial planning for new immigrants in Israel
5 Guides •30-45 min each • Essential
National Insurance Contribution Exemption for New Olim from the United States
From January 2026, if you made Aliyah from the United States and pay U.S. social insurance contributions on your work income, you're exempt from paying Israeli National Insurance (Bituach Leumi) contributions on that same income. This exemption applies for the first 5 years after your Aliyah.
Opening a Bank Account
How new Olim open a bank account in Israel to receive financial assistance from the Ministry of Aliyah and Integration and the National Insurance Institute.
Application for Partial Purchase Tax Discount for Olim (Form 2973)
This service enables Olim to apply for a one-time purchase tax reduction when purchasing a residential apartment, and a one-time purchase tax reduction when purchasing a business.
Income Tax Benefits for Olim — the 2025-2026 Tax Reform
A landmark tax reform approved for new Olim and long-time returning residents arriving in Israel from 5 November 2025 through the end of 2026: a phased 0% income-tax exemption on earned income (up to ₪1,000,000 in peak years) for up to 5 years. Existing benefits — Aliyah tax credit points and the 10-year foreign-income exemption — remain in force alongside the new reform. This guide walks you through eligibility, exemption amounts by year, income types covered, anti-abuse rules, and how to apply.
Arnona Discount for Olim
As an Oleh, you may be entitled to a significant discount on your arnona (municipal property tax). The exact discount amount is set by your local authority and can vary from one municipality to another.