Regulatory Alerts2023-01-01
Instructions No. (1) of 2023 Regarding Exchange Offices Licensing Fees
The Palestine Monetary Authority issued Instructions No. 1 of 2023 to establish fixed licensing, lump-sum, and annual fees for exchange office companies, branches, and individual exchange offices operating in Palestine. The regulations mandate specific fee amounts based on corporate structure and class, require payment upon notification or by January 31 annually, and calculate pro-rata annual fees for mid-year licenses. These Instructions repeal prior fee directives and take full effect starting in 2024, with the Governor's signature formalizing their implementation across all competent authorities.
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