Exhibit 8.1

List of Subsidiaries and Affiliates of the Registrant

The following table sets forth the legal name, location and country of incorporation and percentage ownership of each of the registrant’s subsidiaries and affiliated companies as of December 31, 2020:

Subsidiary Name	Country of Incorporation		Ownership Percentage
Magic Software Japan K.K		Japan		100	%
Magic Software Enterprises Inc.		Delaware		100	%
Magic Software Enterprises (UK) Ltd.		United Kingdom		100	%
Hermes Logistics Technologies Limited		United Kingdom		100	%
Magic Software Enterprises Spain Ltd		Spain		100	%
Coretech Consulting Group, Inc.		Pennsylvania		100	%
Coretech Consulting Group LLC		Delaware		100	%
Fusion Solutions LLC.		Delaware		100	%
Fusion Technical Solutions LLC.		Delaware		49	%
Xsell Resources Inc.		Pennsylvania		100	%
Magic Software Enterprises (Israel) Ltd		Israel		100	%
Magic Software Enterprises Netherlands B.V.		Netherlands		100	%
Magic Software Enterprises France.		France		100	%
Magic Beheer B.V.		Netherlands		100	%
Magic Benelux B.V.		Netherlands		100	%
Magic Software Enterprises GMBH		Germany		100	%
Magic Software Enterprises India Pvt. Ltd		India		100	%
Onyx Magyarorszag Szsoftverhaz		Hungary		100	%
Magix Integration (Proprietary) Ltd		South Africa		100	%
AppBuilder Solutions Ltd		United Kingdom		100	%
Complete Business Solutions Ltd		Israel		100	%
Datamind Technologies Ltd		Israel		80	%
CommIT Technology Solutions Ltd		Israel		77.8	%
CommIT Software Ltd (shares held by Comm-IT Technology Solutions Ltd.)		Israel		100	%
CommIT Embedded Ltd (shares held by Comm-IT Technology Solutions Ltd.)		Israel		75	%
Valinor Ltd. (shares held by Comm-IT Technology Solutions Ltd.)		Israel		100	%
Dario Solutions IT Ltd (shares held by Comm-IT Technology Solutions Ltd.)		Israel		100	%
Quickode Ltd (shares held by Comm-IT Technology Solutions Ltd.)		Israel		100	%
Twingo Ltd (shares held by Comm-IT Technology Solutions Ltd.)		Israel		60	%
Pilat Europe Ltd.		United Kingdom		100	%
Pilat (North America), Inc.		New Jersey		100	%
Roshtov Software Industries Ltd		Israel		60	%
BridgeQuest Labs, Inc.		North Carolina		100	%
BridgeQuest, Inc.		North Carolina		100	%
Allstates Consulting Services LLC		Delaware		100	%
F.T.S. - Formula Telecom Solutions Ltd		Israel		100	%
FTS Bulgaria Ltd. (FTS Global Ltd.)		Bulgaria		100	%
Comblack IT Ltd		Israel		80	%
Yes-IT Ltd. (shares held by Comblack IT Ltd)		Israel		100	%
Shavit Software (2009) Ltd. (shares held by Comblack Ltd)		Israel		100	%
Infinigy (UK) Holdings Limited		United Kingdom		100	%
Infinigy (US) Holding Inc.		Georgia		100	%
Infinigy Solutions LLC.		Georgia		100	%
Infinigy Engineering LLP (shares held by Infinigy Solutions LLC.)		Georgia		99.9	%
Skysoft Solutions Ltd.		Israel		75	%
Futurewave Systems, Inc.		Georgia		100	%
OnTarget Group, Inc.		North Carolina		100	%
NetEffects, Inc.		Missouri		100	%
PowWow Inc.		California		100	%
BA Microwaves Ltd.		Israel		56.67	%
Stockell Information Systems Inc.		Missouri		100	%
Mobisoft Ltd.		Israel		70	%
Magic Hands B.V.		Netherlands		100	%
Knowledge & Solutions Software B.V.		Netherlands		100	%
Aptonet, Inc.		Georgia		100	%
Comm-IT USA, Inc.		Delaware		100	%