About NETO — FinTech for Workforce Payments
NETO is a digital FinTech platform for transferring payments between employers, workers, and freelancers in Israel. Payroll, invoicing, and tax reporting — all automated, compliant, and at the click of a button.
NETO at a Glance
- What: A digital FinTech platform for workforce payments — payroll, invoicing, and compliance in Israel
- For Employers: Outsourced payroll, freelancer payments with invoicing and automatic reporting
- For Freelancers: Invoice clients without registering a business — one-time, recurring, or retainer
- For Foreign Companies: EOR (Employer of Record) — hire Israelis without a local entity, pay in ILS or foreign currency
- For US Citizens: Pay slip instead of self-employed income — save ~15.3% Self-Employment Tax
What Is NETO?
NETO is an Israeli FinTech platform for workforce payments — connecting employers, workers, and freelancers through a single digital system. From payment transfer to invoice generation, pay slip issuance, and automatic reporting to all authorities.
Unlike traditional staffing agencies, NETO is a digital platform that handles the entire employment and payment process at the click of a button — fast, transparent, and at a significantly lower cost.
Who NETO Is For — And Who It's Not
Click each card to see exactly who the service is designed for:
NETO Is Not for Everyone
NETO is designed for workers and freelancers who provide services. It is not suitable for people running a business that purchases goods, and not suitable for anyone with an active registered business (Osek Murshe/Patur).
EOR — Employer of Record in Israel
Hire Israeli Workers Without a Local Entity
Foreign companies that want to hire workers in Israel without a local subsidiary use NETO's EOR solution. We become the legal employer — handling contracts, payroll, social contributions, and reporting.
You receive a clean English invoice and can pay in ILS or foreign currency (USD, EUR, GBP).
How EOR Works
- 1 Foreign company signs with NETO
- 2 NETO employs the worker locally
- 3 Worker gets pay slip + benefits
- 4 Company gets English invoice
US Citizens in Israel — Save on Self-Employment Tax
US citizens living in Israel who freelance face a double taxation problem: ~15.3% Self-Employment Tax on top of Israeli National Insurance.
With NETO, they receive a pay slip instead of self-employed income — exempt from SE Tax under the US-Israel Totalization Agreement.
Without NETO (Self-Employed)
- Issue invoice as freelancer
- Report to IRS as Self Employed
- Pay ~15.3% SE Tax
- PLUS Israeli National Insurance
- Double social security taxation
With NETO (Employee Pay Slip)
- Receive pay slip as employee
- Report to IRS as employee
- Exempt from SE Tax (~15.3% saved)
- Israeli NI covers social security
- Protected by US-Israel Tax Treaty
Disclaimer: Tax situations vary. Consult a CPA specializing in US-Israel taxation.
Freelancers — Invoice Clients Without Registering a Business
Invoice Types
- 1 One-time invoice
- 2 Monthly recurring invoice
- 3 Retainer agreement
- 4 English invoice for foreign clients
Work Like a Freelancer — Without the Paperwork
Workers and freelancers who need to issue invoices but don't have a registered business can use NETO. The platform issues the invoice on your behalf, collects payment, and transfers earnings as a proper pay slip.
How It Works — 4 Simple Steps
Why Choose NETO
Licensed & Compliant
Manpower contractor license #1565, Ministry of Labor oversight, full compliance with Israeli labor law.
Full Transparency
Invoice for the employer, pay slip for the worker, full reporting to authorities.
Fast & Digital
Transfer payments at the click of a button — no paperwork, no bureaucracy.
Low Cost
Competitive fees — significant savings compared to traditional staffing agencies.
International — EOR
Solution for foreign companies, payment in ILS and foreign currency, English invoices.
Proven Track Record
10+ years, 110,000+ workers, 8,000+ employers.
NETO by the Numbers
Trust & Compliance
NETO operates with full transparency and regulatory compliance. Click each card to learn more:
Licensed Manpower Contractor
License #1565 — Ministry of Labor
Click to expand
Full Labor Law Compliance
Complete worker rights protection
Click to expand
Proven Track Record
10+ years, 110,000+ users
Click to expand
The Team Behind NETO
NETO was founded with a vision to transform complex employment processes into something simple and fully legal.
Yizhar Cohen
B.A. in Business Administration, M.A. in Logistics. Founded NETO to create a complete, efficient solution for employers and job seekers.
Rami Cohen
Electronics engineer, entrepreneur. B.A. in Business Administration, M.A. in Logistics. Translates complex ideas into solutions that work.
Tutorial Videos
Watch our quick tutorials to see how the NETO platform works:
Tutorial for Employers
How to pay workers via invoice — hire and manage employees at the click of a button
Watch video →Tutorial for Freelancers & Workers
How to issue invoices without a business, set up your profile, and start working
All tutorial videos →Frequently Asked Questions
Ready to Get Started?
Join 110,000+ workers and 8,000+ employers already transferring payments through NETO
