Israeli-U.S. Agreement: Work Permits in Return for Investment

The agreement allows entrepreneurs to invest in both markets and includes permits for spouses.

Israel on Monday approved an agreement with the United States, in terms of which citizens of each country will be able to receive a work permit in the other, under certain conditions, on the strength of an investment.

The agreement was announced Monday by the Israel-America Chamber of Commerce.

"The agreement is very good news for Israeli companies, especially start-ups which until now...