Energy, Infrastructure and Environment

Full financial support across the project lifecycle

Israel is one of the fastest-growing developed economies, with extraordinary demographic trends - including a high birth rate, rapid urban expansion, and a young, tech-savvy population. Major infrastructure projects in Israel have resulted in growing interest of large multinationals to establish themselves across the country.

This has driven enormous demand for large-scale infrastructure: from roads and ports to energy facilities, factories, logistics centers, server centers and more. Offshore gas discoveries over the past decade have revolutionised Israel’s energy sector. Its much-anticipated Metro project, the largest infrastructure development ever undertaken in Israel, is expected to create investment valued at over 40 billion USD. Alongside many other infrastructure projects taking place, these projects present enormous business opportunities for global construction firms and their ancillary providers.

To participate in Israel’s mega infrastructure projects, foreign companies are typically required to establish a local financial entity and follow local regulation throughout the entire project lifecycle.

Forvis Mazars specialises in supporting multi-national corporations navigate the challenges and opportunities of doing business in Israel. At Forvis Mazars in Israel, we work with some of the largest multi-national groups in the sector. Our clients have been involved in many of the biggest infrastructure projects undertaken over the past decade, including roads and railways, port expansion, water and waste plants, tunnelling and large-scale construction facilities for chip manufacturing.

Our approach

We take a sector-led view to deliver meaningful value to clients in the infrastructure and construction industry. Our teams work together across multi-disciplines ensuring our advice and execution are tailored to the realities of each project. We help clients overcome regulatory, financial, and operational barriers in a high-complexity environment - with a practical mindset and deep local and global knowledge.

Our services

Our team has supported some of the most complex and high-profile infrastructure projects in the country, including new power plants, strategic ports, and semiconductor facilities.

Accounting Outsourced Services (AOS)

We support foreign and local construction and infrastructure firms in setting up operations in Israel, whether through a permanent establishment or mid-to-short-term engagement, including:

Income tax, VAT and WHT registration
Opening of bank accounts
Bookkeeping, payroll, VAT, National Health Insurance compliance
Withholding tax applications and reporting

Audit & Assurance

We provide reliable and transparent audit services to support complex entities. Our auditors ensure compliance with local and global standards, while offering clarity and confidence to stakeholders, including:

Statutory and group audits
Reporting under IFRS, US GAAP or local GAAP
Local tax audit and annual submissions to the ITA

Financial Advisory Services (FAS)

Our FAS professionals advise on the financial and strategic aspects of project development. We support M&A, valuations, funding applications, and government tenders—helping projects stay on track and attract the right investors.

Due diligence for infrastructure M&A and joint ventures
Valuations for financing or acquisition
Internal control reviews for complex infrastructure entities

Tax

Our tax specialists help structure cross-border taxation for maximum efficiency and compliance. We guide companies through complex tax regimes, secure favorable rulings, and support employee mobility and reporting.

Corporate structuring and tax optimisation
Tax rulings and negotiations
Cross-border employee taxation and compliance
Transfer pricing and ongoing advisory

Let’s build it together

At Forvis Mazars in Israel, we combine deep local knowledge with the global capabilities of an international firm. Our hands-on, multidisciplinary teams understand the infrastructure and construction environment in Israel, and the unique challenges it presents to international companies. Whatever you are building, we help you operate with confidence, clarity, and compliance.