Someone posted this as a comment somewhere on my blog, and I thought it can be halpful as a post. Bevakasha!
- ari Says:
i’m planning on heading out to the tax offices now to register as an atzmai’i. any advice as i head down this potentially bankrupting, forcing-me-to-move-back-to-the-U.S.-shekeless-road?
- Gidon Says:
Good luck in your endeavors!
I don’t know the nature and scope of the work you intend to do, but in general, registering as an atzmai is not potentially bankrupting!
Especially, my “expertise” (sic) is about osek za’ir, which means small business, less than about 60,000 NIS a year (income or profit, or somewhere in between), about 5,000 NIS a month. If you make so little, then chances are the authorities will not require payments or even fines that will bankrupt you.
This blog focuses on interfacing with bureaucracy, not financial success of your business. As a friend of mine once wisely said, he hopes he gets taxed a lot, because that means he is making a lot.
If your business idea and execution are sensible and market-driven, then you will probably succeed.
If you add advice from NBN, MATI, various blogs and websites to that mix, and don’t “jump over your pupik”, then you have a good chance at success, and will probably not be forced to move back to the US without a dime.
I am sure you wrote some of your comment tongue in cheek, but keep your chin up, be optimistic, and good luck!