The WorldFact Book:
Israel has a technologically advanced market economy. Cut diamonds, high-technology equipment, and pharmaceuticals are among the leading exports. Its major imports include crude oil, grains, raw materials, and military equipment. Israel usually posts sizable trade deficits, which are covered by tourism and other service exports, as well as significant foreign investment inflows. Between 2004 and 2013, growth averaged nearly 5% per year, led by exports.
Doing business and investing in Israel is possible because United States of America has bilateral commercial relation with this country. Israel is a democracy with a highly developed information technology system and highly organized. Official information exists and although the country’s official language is Hebrew, websites are also in English.
In addition to having commercial relations, U.S.A. also maintains political and diplomatic relations with Israel. American citizens do not need a visa to visit Israel. Schools teach English as a second language and the majority of the population speaks some English. Street signs are in Hebrew and in English. There is free internet in most public spaces including in the train and many American phone carriers also work with Israel cellular phone companies (although roaming charges apply).
Passport and visa information:
Business Etiquette (Forbes)
Invest in Israel:
Life Sciences in Israel
Over the last decade, Israel has introduced a wealth of groundbreaking and valuable innovations in Life Sciences. Israel’s Life Sciences sector is supported by a strong foundation of academic excellence, including some of the world’s leading research institutes, renowned R&D facilities and cutting-edge medical centers.
Israel Foreign Trade Administration - Ministry of Economy