Palestine
Key entity, tax, banking, visa, and compliance guidance for foreign founders incorporating in Palestine.
Foreign Ownership Eligibility
Palestine welcomes 100% foreign-owned companies
Fully remote formation — you never need to set foot in the country.
- 100% foreign ownership permitted in most sectors
- Legal system: Mixed (Ottoman and British Mandate and Jordanian and Israeli influence)
- Primary registration authority: Companies Controller Office (Palestine)
- Registry website: https://www.mne.gov.ps
- Tax authority: Palestinian Tax Authority (PTA)
- Corporate income tax (CIT): 15% - Source: CIT: 15% (Palestine PTA). VAT: 17%.
- VAT / sales tax: 17%
- Estimated formation timeline: 14-30 days - Via Ministry of National Economy. Source: PTA Palestine
- Annual compliance and renewal obligations apply
Ownership
100% Foreign OK
Formation
100% Remote
Tax at a glance
Palestine Tax Overview
15%
Corporate Income Tax (CIT)
CIT: 15% (Palestine PTA). VAT: 17%.
17%
VAT / Sales Tax
CIT: 15% (Palestine PTA). VAT: 17%.
Palestinian Tax Authority (PTA)
Tax Authority
https://www.mof.gov.ps
Pros & cons
Advantages & Considerations
Key Advantages
100% foreign ownership permitted in most sectors
Legal framework: Mixed (Ottoman and British Mandate and Jordanian and Israeli influence)
Primary registry: Companies Controller Office (Palestine)
Tax rate: 15% CIT
Incorporated company has access to Palestine market
Considerations
Local professional guidance recommended for regulatory compliance
Banking KYC requirements can be extensive - allow time for account opening
Professional services market may be limited compared to major financial centres
Verify sector-specific restrictions before investing
Currency risk: ILS fluctuations may affect USD-denominated investments
Incorporation Process
The process is strictly digital. Each stage builds on the previous one.
Name reservation
Prepare incorporation documents
Submit registration application
Tax registration
Open corporate bank account
What you'll pay
Cost Architecture
Government Fees
Annual Ongoing
Professional Services
Government fees change frequently. Always verify current fee schedule at https://www.mne.gov.ps before committing.
Still unsure about costs?
These are estimates — your actual cost depends on your structure
Every Palestine setup is different. A 15-minute call with one of our specialists will give you a personalised cost breakdown — completely free.
Fintech & Banking
Can non-residents open accounts without visiting? NO.
Banking options for non-resident founders in Palestine. Remote account opening availability varies by institution.
| Institution | Type | Ease for Non-Residents | Notes |
|---|---|---|---|
| Bank of Palestine | Traditional bank | Low (Visit Required) | |
| Arab Bank Palestine | Traditional bank | Low (Visit Required) | |
| Cairo Amman Bank Palestine | Traditional bank | Low (Visit Required) |
Regulatory requirements
Annual Compliance Matrix
| Requirement | Deadline | Details |
|---|---|---|
Annual company filing | Ongoing | File annual returns with Companies Controller Office (Palestine) to maintain good standing. |
Corporate income tax return | Ongoing | Submit annual CIT return to Palestinian Tax Authority (PTA). Rate: 15%. |
VAT filing | Ongoing | VAT-registered businesses file periodically. Rate: 17%. Verify threshold with Palestinian Tax Authority (PTA). |
Accounting records | Ongoing | Maintain statutory books per Mixed (Ottoman and British Mandate and Jordanian and Israeli influence) requirements. |
Beneficial ownership disclosure | Ongoing | Verify current UBO requirements in Palestine. |
Frequently Asked
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