The Israeli Knesset (parliament) announced the approval of legislation on 26 July 2023 to encourage investment in high-tech companies, the Encouragement of Knowledge-Intensive Industry Bill (Temporary Provision) 2022. The legislation includes incentives for investors that invest in Israeli high-tech companies, as well as incentives for purchasing other companies or merging with other companies, if their intellectual property is registered in Israel and the center of their activity is in Israel. Additional details are provided by the Israel Tax Authority in a release on the legislation's approval, including three main incentives: The first incentive provides a tax credit to private investors...