Is it possible to open a trust account for a foreign resident?

Is it possible to open a trust account for a foreign resident?

Is it possible to open a trust account for a foreign resident?

The lawyer representing a foreign resident can open a dedicated trust account for the transaction.
Through this account, a foreign resident will be able to transfer the funds to Israel, where all the various payments required in connection with the transaction will be made (such as: payments of the consideration to the seller, payment of purchase tax, broker’s commission, etc.).