Justice Minister circulated a memorandum stating that a company could be established online • Minister Ohana: "Important news in the Corona struggle"

• Minister Ohana // Photo: Eyal Margolin - Ginny

A foreign memorandum released last night states that Israeli citizens will soon be able to start a company online without the need for a lawyer. Today, under current law, the identity of signatories to a company registration document should be verified by a lawyer.

Justice Minister Amir Ohana yesterday circulated the memo amending the Public Comments Companies Act. Once the bill has been approved by the Knesset and the regulations are in place, the mechanism will be available for immediate use and at no cost to all citizens on the government's "available government" site.

More on:

• Justice Minister Ohana announced: Emergency in the courts

• The Bank of Israel cut interest rates to 0.1%

• More than 6,600 job seekers in one day

• NIS 90 billion: This is the approved economic plan

Minister Ohana's office said the change is expected to jump Israel's rating in the upcoming World Bank index in the "Establishing a Business" section of the world's top ten, and in about three places in the general index.

Justice Minister Amir Ohana said that "Registering a company digitally and without the obligation of a lawyer is important news for entrepreneurs, and the founders of companies in the economy, especially at the beginning. This is true in the days of fighting the virus. "