Regulatory Alerts2025-01-01
Lending-2025 - Circular No. 30 on the Non-Profit Companies Law
The Palestinian Council of Ministers issued Circular No. 30 (System No. 14 of 2025) to amend the Non-Profit Companies Law (No. 20 of 2022) by establishing a comprehensive regulatory framework for electronic donations and funding. The amended system mandates non-profit companies to submit periodic technical, financial, and administrative reports every six months, caps total salaries at 25% of the annual budget, and introduces a tiered approval mechanism for funding sources capped at $500,000 annually. Furthermore, it standardizes the licensing process for electronic donations, requiring prior registration, board approval, and a 14-day review period, while enforcing strict compliance through temporary suspension or license cancellation for violations.