It was for years a truth universally acknowledged that New York Jews retired to Florida. But in recent times, that dynamic has changed and more and more people have been eschewing the Sunshine State for another destination: Israel.
With sunny days and year-round temperatures of 75 degrees, Israel is a great place to be, according to Doug Goldstein, owner and director of Jerusalem-based Profile Investment Services and author of the soon-to-be-released book "The Expatriate Guide to Money and Taxes." Add to that the fact that Israel is one of the most interesting places to invest in today, lauded by the likes of Bill Gates and Warren Buffett, who's Berkshire Hathaway made its first-ever investment outside the US in Israel.
Today, Israel's vibrant and innovative technology sector—an area that receives solid government support—abounds with investment opportunities, Goldstein said.
"So much technology has been developed in Israel over the past years, and so many companies do their R&D work in Israel, that there are many great companies to invest in," Goldstein says.
Israel is also a leader in green energy initiatives, an area that more and more people are interested in gaining exposure to, and investment opportunities in sectors like communications and healthcare are also plentiful.
Most importantly, "Israel is a country with a great business climate," Goldstein said. "This is a nation that is very pro-business, and that's an important consideration to take into account when looking at investment opportunities across the globe."