Is Stripe Available in Israel? (Yes, See How)

IS STRIPE AVAILABLE IN ISRAEL

If you’re an Israeli business owner looking to expand your online presence to reach a global market, you may wonder if Stripe is available in Israel.

You are not alone.

In this article, we’ll explore whether Stripe is available in Israel and what you need to know to open a Stripe account for your Israeli business.

Key Takeaways

  • Stripe is not currently available in Israel.
  • To open a Stripe account for your Israeli business, form a U.S. limited liability company (LLC) and obtain an Employer Identification Number (EIN) or Tax ID.
  • The easiest way to form an LLC and get your EIN is to use Northwest’s registered agent service.

Click Here to Form Your LLC For as Low as $39

Does Stripe Work in Israel?

If you’re based in Israel and looking to use Stripe as your payment processor, you might wonder if it’s available in your country.

Currently, Stripe is unavailable in Israel, but that doesn’t mean you can’t use it.

Stripe is currently supported in 46 countries and continues to expand its reach globally. While Israel is not yet on the list of supported countries, it may be added in the future.

Stripe available countries

However, if you’re looking to expand your business into non-supported countries like Israel, you can use Stripe in your country through these steps:

  1. Create/form an LLC in the United States (use Northwest).
  2. Visit the Stripe website and create an account.
  3. Enter your business information, including your name, address, and phone number.
  4. Provide your EIN (with the help of Northwest).
  5. Provide your tax ID and government-issued ID.
  6. Verify your email address and phone number.
  7. Add a bank account in Israel where Stripe supports processing payments (Use Wise or Mercury).
  8. Start accepting payments.

Setting up a U.S.-based LLC from Israel requires getting an Employer Identification Number (EIN). Once you have your EIN, setting up your Stripe account is easy. You can complete all these steps with Northwest Registered Agent service in 24 hours.

Requirements To Open A Stripe Account In Israel For Your Business

To open a Stripe account in Israel, you must meet specific requirements.

RequirementWhere To Get It
US-based LLCRegister with a registered agent (Northwest)
EIN/Tax IDApply online through the IRS website
US business addressUse a virtual mailbox service or a registered agent
US-based phone numberUse virtual phone number service
US-based bank accountOpen a physical bank account in the US (Use Wise or Mercury)

1. A Business Formation In The U.S (LLC)

To open a Stripe account in Israel, you must form a US-based Limited Liability Company (LLC). This process can be done directly or through a registered agent.

One such agent is Northwest Registered Agent, which can assist you with filing articles of organization, obtaining an Employer Identification Number (EIN), and providing a U.S. business address.

2. Obtaining An Employer Identification Number (EIN) Or Tax ID

You need to fill out an application with the IRS to obtain an EIN or Tax ID. You can do this online, by mail, by fax, or through a registered agent.

Get EIN from Northwest

Northwest Registered Agent can help you obtain an EIN within 24 hours, but they charge $200 for this service.

Without an EIN, you cannot create a Stripe account.

3. A U.S. Business Address

To form an LLC and obtain an EIN or Tax ID, provide a U.S. business address. You can use a registered agent service like Northwest to provide one for you.

NorthWest provides a U.S. business address with mail forwarding and legal document handling services.

Having a U.S. business address does not mean you have to be physically present in the U.S. to use Stripe.

4. A U.S. Phone Number

You need a U.S. phone number to verify your Stripe account. Use a virtual phone service like Skype and Dingtone to get a U.S. phone number.

These platforms allow users to create a virtual U.S. phone number to receive SMS messages, making the verification process seamless.

5. A U.S Bank Account (To Be Linked To Stripe For Payouts)

You must link a U.S. bank account to your Stripe account for payouts.

You can get a U.S. bank account by using a virtual bank account service like Wise or Mercury as a non-U.S. resident.

These services offer U.S. routing and account numbers, allowing you to receive payments seamlessly from Stripe and other U.S.-based companies.

Related Post: Mercury Review Guide (My Personal Experience)

What’s the Best State to Form Your LLC as a Foreigner in Israel?

Are you an Israeli entrepreneur looking to form a US-based LLC? Wyoming, New Mexico, and Delaware are the best states for foreigners to form LLCs in the US.

Wyoming

Wyoming is an excellent choice for foreigners looking to form an LLC in the US. It has no state income tax, which can be a significant advantage for businesses looking to maximize profits.

Additionally, Wyoming has a very business-friendly legal environment, with strong asset protection laws and a low regulatory burden. This makes it an attractive destination for businesses of all sizes, from startups to established corporations.

New Mexico

New Mexico is another great state for foreigners looking to form an LLC in the US. It has a relatively low cost of living and a business-friendly legal environment, with no annual report fees required.

New Mexico does not require the member names to be included in the filing of the certificate of formation.

Delaware

Delaware is perhaps the most well-known state for foreigners looking to form an LLC in the US. It has a long history of business-friendly laws and a well-established legal system.

Delaware has a relatively low corporate income tax rate and no sales tax, which can be attractive to businesses looking to minimize their tax burden.

California has a relatively high tax burden and a complex regulatory environment, making it less attractive for foreign business owners.

Steps On How To Form Your LLC & Open A Stripe Account

Here are the steps to form your LLC and open a Stripe account.

Step 1. Sign up For Northwest Registered Agent

The first step in forming your LLC is signing up with Northwest Registered Agent. Northwest Registered Agent is a company that will help you form your LLC and provide you with a registered agent, which is required by law.

You can sign up for their services on their website.

Go to https://www.northwestregisteredagent.com/

You’ll be directed to the page below. Click on the button – “LET’S GET YOU STARTED”.

Northwest registration

Step 2. Choose Your Business Entity and State

Choosing your business entity and state is an important step in forming your LLC. You can choose from various business entities, including LLCs, corporations, and partnerships.

Northwest LLC Formation Order tab1

You’ll also need to select the state where you want to form your LLC. The state you choose and the processing time (Standard and Expedited) would determine the total amount.

For instance, below is that of Alabama ($334):

Northwest LLC Formation Order tab2

Here’s that of New Mexico ($98):

Northwest LLC Formation Order tab3

Step 3. Enter Your New/Existing Details

After you’ve chosen your business entity and state, you’ll need to enter your new or existing details. This includes your company name, address, and other relevant information.

Northwest LLC Formation Company tab1

You can choose the physical and mailing addresses you would like to use for the business.

Northwest LLC Formation Company tab2

The good thing about Northwest Registered Agents is that they offer the convenience of using their address as your business address, eliminating the need for a separate US address for your company.

Similarly, you can use their mailing services if you lack a mailing address option. If you require physical documents, you can include a US mailing address.

Step 4. Enter The Management For Your LLC

Next, you’ll need to enter the management information for your LLC. This includes the names and addresses of your managers and their roles in the company.

Northwest LLC Formation Management tab

If you’re the only one/single-man business, leave it at one member and enter your name.

Step 5. Fill in Your Contact Details

This is where you fill in your contact details.

Northwest LLC Formation Contacttab

These details will serve as your primary means of contact with Northwest. They can include your local address, phone numbers, etc.

Note

You can easily use your local or current contact details to create your Northwest account, no need for a U.S. address.

Step 6. Setup Your Account with Northwest Registered Agent

After entering all your information, set up your account with Northwest Registered Agent using your email and preferred password.

Northwest LLC Formation Account tab

This will allow you to access their services and complete the following steps to form your LLC.

Step 7. Get Your Business Identity (optional)

You can toggle this on to add the Northwest Business Identity option for your LLC. It includes the following, free for 90 days:

  • Domain name registration – 1 Free Year
  • Website – hosted by us, owned by you
  • Business email address
  • Business phone
Northwest LLC Formation Business Identity tab

Step 8. Getting Your Tax ID or EIN – optional

If you want your LLC’s tax ID (EIN), you can do so through Northwest Registered Agent. They will help you complete and submit the necessary forms to the IRS and create a viable Stripe account.

You’ll need an EIN as a foreigner or non-resident.

It’s pretty easy (and cheaper) to get this without the help of registered agents, but it’s also great if you’d like to include it in your order!

Northwest LLC Formation EIN tax ID tab

However, for a fee of $200, Northwest Registered Agent will obtain your EIN or Tax ID. This is particularly beneficial if you lack a Social Security Number (SSN) or are a foreign entity.

Step 9. Checkout (Congratulations!)

Northwest payment tab

Once you’ve completed the previous steps, you can check and finalize your LLC formation. Enter your valid card information, then click Done!

Congratulations—you’ve formed your LLC and are ready to open a Stripe account!

Finally, Create Your Stripe Account (With Your EIN & LLC Information)

To start accepting payments through Stripe in Israel, create a Stripe account. Follow the step-by-step guide below to create your account and begin accepting payments in USD.

Basic Requirements for Creating A Stripe Account

Before creating a Stripe account, you will need to have the following information ready:

  • Business name (LLC)
  • Email address
  • Government-issued ID
  • EIN

Creating a Stripe Account in Israel (Step-by-Step)

Create a Stripe Account
  1. Go to the Stripe website/registration page (https://dashboard.stripe.com/register) and click the “Sign Up” button.
  2. Enter your email address and create a password for your account.
  3. Select Israel as the country where your business is located and enter your business name.
  4. Enter your EIN in the Tax ID field.
  5. Provide your personal information, including your name and government-issued ID.
  6. Agree to the Stripe terms of service and click “Authorize access to this account”.
  7. Verify your email address by clicking on the link in the email that Stripe sends you.
  8. Provide additional information about your business, including your website and business type.
  9. Connect your bank account to your Stripe account to receive payments.

Congratulations! You have successfully created your Stripe account and can now accept payments in USD.

Note

Please make sure the country you selected where your business is incorporated in the United States, not Israel.

Why I Prefer Northwest Registered Agent For My LLC Formation?

Northwest Registered Agent is a great choice if you want to set up an LLC in the U.S..

Here are a few reasons why I prefer this service:

Affordable Pricing

Northwest Registered Agent offers affordable pricing. You can get started for just $39, unlike other registered agents that charge over $1000.

Allows You To Use One Of Its Local Offices As Your Business Address

If you don’t have a physical address in the state where you’re forming your LLC, Northwest Registered Agent allows you to use one of its local offices as your business address.

Free Operating Agreement

Northwest Registered Agent provides a free operating agreement, a crucial document for your LLC. This agreement outlines the ownership and management structure of your business.

Free One-Year Registered Agent

Northwest Registered Agent provides a free one-year registered agent service with LLC formation. This service is crucial for your business, ensuring that you receive important legal documents on time.

Free Domain, Website, Email & Business Phone

Northwest Registered Agent provides a free domain, website, email, and business phone with LLC formation.

Privacy By Default

Northwest Registered Agent values your privacy and keeps your personal information private. By default, your personal information is not included in the public record.

Tax Flexibility

Northwest Registered Agent provides tax flexibility, allowing you to choose how your LLC is taxed. You can be taxed as a sole proprietorship, partnership, S corporation, or C corporation.

What Are The Benefits Of Forming A US Limited Liability Company (LLC) For an Israeli Stripe Account?

Suppose you are an Israeli business owner looking to use Stripe as your payment processor. In that case, you may wonder if forming a US Limited Liability Company (LLC) is worthwhile.

The answer is yes, and here are some benefits to consider:

Limited Liability Protection

One of the main benefits of forming an LLC is the limited liability protection it offers.

This means that the LLC’s owners’ personal assets are protected from business debts and lawsuits. If your Stripe account is compromised or your business is sued, your assets, such as your home or car, will not be at risk.

Tax Flexibility

Another benefit of forming an LLC is the tax flexibility it offers.

By default, LLCs are taxed as pass-through entities, meaning that the business’s profits and losses are reported on the owners’ personal tax returns. However, LLCs can choose to be taxed as corporations, which can provide additional tax benefits.

Credibility

Forming an LLC can add credibility to your business. It shows that you are serious about your business and willing to take the necessary steps to protect yourself and your customers.

This can be especially important when working with international clients unfamiliar with Israeli business laws.

Easier Access to Funding

Finally, forming an LLC can make it easier to access funding.

Investors and lenders may be more willing to work with an LLC than a sole proprietorship or partnership. This is because an LLC provides more investment protection and reduces risk.

Frequently Asked Questions

Is Stripe available in Israel?

Stripe is not yet available in Israel. However, Stripe has been working on expanding its global reach with plans to expand to more countries. You can use Stripe in Israel by forming a U.S.-based LLC and obtaining an Employer Identification Number (EIN).

How can I open a Stripe account from Israel?

Since Stripe is not currently available in Israel, you cannot open a Stripe account from Israel. However, you can register your company in a country where Stripe is available, such as the US.

What are the alternatives to Stripe for online payments in Israel?

Several payment processing platforms are available in Israel, like PayPal, Payoneer, and BlueSnap.

Which currencies do Israeli businesses use through Stries?

Since Stripe is not currently available in Israel, Israeli businesses cannot use Stripe to handle currencies. However, if you register your company in a country where Stripe is available, you can handle multiple currencies through Stripe.

How does Stripe Atlas facilitate business operations for Israeli entrepreneurs?

While Stripe Atlas is not yet available in Israel, Israeli entrepreneurs can register their companies in a country where it is available and take advantage of its services. Stripe Atlas is a program that helps entrepreneurs start and run their businesses.

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