Multinationals

CFO Services

We provide CEOs/Country/Site manager with sound financial advice that allows them to manage, compliance, financial risk, growth, and opportunities that are driven by business activity. We help senior management realize the financial aspects of their objectives. We have a proven track record backed by experience with hundreds of clients over the years. Our work includes:

• Leading the financial and operational setup process of the local entity
• Liaison to global finance department
• Budgeting and long term financial planning.
• Contribute to meetings and official updates session company’s team
• Cash management & hedging.
• Supporting legal and financial structures (TP study & intercompany agreements implementation)
• Signature holder position

Controllership & Accounting

Our controllers are highly experienced certified CPAs and Big 4 veterans, with proven corporate experience. They ensure your company complies with local and international accounting and tax regulations: Israeli GAAP, US GAAP and IFRS rules. Here are some of the tasks that our controllers perform:

• Monthly reporting package according to corporate financial policy and standards
• Cash flow management and monitoring
• Preparation of annual financial statements for auditors’ review (‘Big 4’ standard)
• Managing company accounting and tax compliance on an ongoing basis

Bookkeeping & Payroll Processing

Our bookkeepers and payroll accountants are certified and have years of experience from leading company and CPA offices. They keep your company’s books up to date on an ongoing basis, make sure that employees get paid on time and ensure timely payment to Israeli tax and social security authorities. We believe that a strong bookkeeping team is an essential foundation of strong financial management.
Here are some of the roles of our bookkeepers and payroll accountants.

• Ensuring timely, and discreet payroll processing according to Israeli labor law.
• Processing shadow payroll for Expats employees
• On time reporting to social security, payroll taxes and social benefits.
• Annual mandatory payroll reports
• Managing all financial reporting, compliance aspects, and ongoing professional support of payroll-related issues.
• Managing company’s records according to local regulation on ongoing basis.
• Reporting to VAT and Israeli tax authorities in a timely and accurate manner.

Local VAT Representative

Schindler provides multinationals with a Local VAT Representative. When multinationals set up their Israeli branch, they are required to appoint a local director with the responsibility to handle VAT responsibilities. The director is responsible for all VAT reporting and compliance and to serve as a liaison to the VAT authorities. Schindler can provide Local VAT representative services, without which you will not be allowed to legally operate in Israel.

Virtual Office

Providing a local P.O Box and business address for postal service and direct contact.