It’s many people’s dream: to live in Israel and be part of the next chapter in the history of the Jewish people.
It’s an even more important milestone when you finally decide that you are really going to do it. It’s not a decision that people make lightly; there are several components to the planning process to ensure that all the necessary loose ends are tied up.
Here are some factors that should be considered before making the Aliyah decision:
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Is this the first time you have lived abroad? Will it be the first time you live in Israel?
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What assets do you have and do you plan to dispose of them prior to (or after) immigrating to Israel?
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What about the capital gains arising from the disposition of those assets? They may have to be reported.
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Do you have any income and or benefits that you expect to receive from the country you are leaving, during and after your first year in Israel?
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Do you plan to give up your residence status in the country you are leaving …. and obtaining residence status in Israel?
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Do you know what is expected of you, tax-wise, from the country you are leaving?
While this list is not complete, it does give you a good idea of what you need to consider prior to your aliyah.
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