✈ KTA Client Alert, 28 January 2022 | Hi-Tech Companies: Employment of Foreign Student and Graduates

1. Allow a maximum of 500 foreign workers (hereinafter - the "quota") on the basis of priority, to be employed by a high-tech company, without the obligation to pay a monthly wage at a rate of at least double the average salary, provided that the foreign worker is one of the following:

(1) A foreigner who has completed a full academic degree at an institution of higher education in Israel in one of the following fields: Electrical Engineering, Electronics, Computers, Information Systems, Computer Science, Mathematics, Statistics, Optical / Electro-Optics Engineering, Communication Systems Engineering, Software Engineering, Data Science, Physics Precision and medicine, and

not more than 3 years have passed from the date of graduation, and
starting from the seventh month of his work, he will be paid no more than 150% of the average wage in the economy.

(2) A foreign student who will be employed only part-time, along with studies leading to a full academic degree at a recognized institution of higher education in Israel in one of the high-tech professions.

A special committee will follow the implementation of the decision, the impact of the decision on Israeli workers and their wages in the high-tech industry, and the demand for foreign skilled labor and wages in the industry. Data regarding utilization of the program.