65 Despite being a relatively young state at 76 years old, Israel has rapidly emerged as a global technological powerhouse, attracting significant attention from international business and investment circles. The success stories of numerous start-up ventures, many of which have transitioned to public trading on NASDAQ or joined forces with large international corporations, have been pivotal in driving the local economy forward over the last decade. The country became a member of the Organisation for Economic Cooperation and Development (OECD) in 2010 and attained full membership in the Financial Action Task Force (FATF) in December 2018. While today, the high-tech sector is facing a crop of unprecedented challenges, its ability to adapt and innovate will continue to spur economic growth and has already led to the emergence of high net worth (HNW) and ultra-high net worth Navigating Current Dynamics in the Private Client Sector in Israel Shai Pines | Partner, Head of Private Clients, Trusts and Estates department, EBN Eran Lempert | Partner, Head of Tax Department, EBN
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