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Tourism ProjectsThe law for encouragement of capital investments also applies to tourismenterprises."Tourism Enterprise" is defined as a tourism facility which includes at least 11hotel rooms and which provides sleeping arrangements services and additionalservices such as catering, recreation and leisure. Unique tourist attractions havealso been included as Tourist Enterprises.The Grant SchemeTourist Enterprises which are located in Priority Area A will be eligible for a nonrefundable grant of up to 20% of approved investments. Tourist Enterpriseswhich are located in the Negev will be entitled to a 30% grant.Tourist Enterprises which are located in Priority Area B will be eligible for a nonrefundable grant of up to 10% from approved investments.In addition to the grants, Tourism Enterprises are eligible for tax benefits,including: reduced corporate income tax rates, and accelerated depreciation onrelated assets.

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