Regulatory Alerts2022-01-01
Circular No. 313 on Purchase Permits
The Palestine Monetary Authority and the Palestinian Cabinet of Ministers issued Circular No. 313 to enforce Cabinet Decision No. 18/176, which establishes revised criteria and auditing mechanisms for issuing purchase permits to Palestinians holding foreign nationality. The decision amends prior regulations by explicitly prohibiting foreign-origin Palestinians from purchasing Class C lands, mandates Ministry of Interior security clearance for all such buyers, and restricts permit validity to three months per specific property. Additionally, it outlines standardized procedures for lease-to-own contracts, Islamic financing transactions, and the regularization of property ownership following security or legal clearance.
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