Vaccinated foreigners will be allowed to enter Israel starting on May 23, the health and tourism ministries announced on Tuesday.
Tourists will be required to undergo two PCR coronavirus tests - one ahead of boarding and another after landing - as well as a serological test at Ben-Gurion Airport that proves the existence of antibodies.
Officials said that Israel will continue to work with other countries in order to reach a mutual recognition on vaccination certificates in order to do away with the serological tests.
According to the ministries, foreigners will for the time being only be allowed to enter in groups as it will be easier for monitoring.
The outline will in the coming days be fully verified with relevant officials.
"Israel is the first vaccinated state, and the citizens of Israel are the first to enjoy it," said Health Minister Yuli Edelstein.
"Now we have opened up the economy, it is time to carefully and thoughtfully facilitate tourism," he said.
"The return of tourism is important for one of the industries particularly damaged in the year of coronavirus. We will continue to examine the move at all times in accordance with the morbidity data," Edelstein said.
"I am happy to announce this move to the [tourism] industry," said Tourism Minister Orit Farkash-Hacohen.
"It is time that the advantage Israel has of being a safe and healthy nation helps in reviving the country's economy, the tourism sector and other areas of the state."
Israel a month ago began to re-open its economy on the heels of a world-beating inoculation drive, in which some 5 million of the country's 9.3 million population have already received two doses of the COVID-19 vaccine.
There are currently 3,369 active COVID cases in Israel, and daily infections have fallen to around 200.
Last week, after a public outcry, the government started allowing non-Israeli, immediate relatives to visit Israel for special events such as births and weddings.