Among the reasons for start-ups to move to Tel Aviv are tax incentives and preferences for individual investors. Israel's Ministry of Economy also offers wage subsidies for certain groups, such as students and minorities.
Israel's high technology has contributed strongly to the development of the Israeli economy. Employees in high-tech companies account for more than 10 per cent of all employees and pay 25 per cent of total income tax.
High-tech accounts for more than 50 per cent of Israeli exports. According to World Bank data, between 2009 and 2021, Israel's GDP per capita grew from USD 28317 to USD 52170, exceeding the GDP per capita of Germany, Hong Kong, New Zealand, the UK, France, Japan, Spain and many other countries.
Israel's unique society and culture, strong economy, government support and "global-first" market approach are just some of the factors that make Israel's innovation ecosystem one of the most successful in the world. According to Deloitte, other important characteristics of the Israeli ecosystem include innovation, a strong R&D capacity, skilled workforce, government support and the investment law which allows foreign companies to receive preferential corporate tax rates and investment aid.