Trade & investment

Palestine is rich in both history and culture. It is situated at the crossroads between Africa, Europe and the Middle East. Palestine has a unique blend of languages, cultures and religious beliefs. It is also home to some of the most significant religious sites in the world.

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Book an appointment with our Trade and Investment Department to discuss your needs

According to the Observatory of Economic Complexity (OEC):

UK businesses operating in the Palestinian Territories include but are not limited to:

HSBC Bank plc is one of the world’s largest banking corporations, with offices in more than 80 countries.
PricewaterhouseCoopers (PwC) is a multinational professional services network. It has offices in Jerusalem, Ramallah, and Gaza.
Trade Section 01
Ernst & Young Global Limited, also known as Ernst & Young, is a multinational professional services firm headquartered in London.

Strategic Sectors for Investment

Palestine has comparative advantages in a wide array of investment sectors. Discover them below.

Why Palestinian produce?

How to register a company in Palestine

Below, please find the stipulations of the Ministry of National Economy, operating under the Jordanian Law of Companies No.12 of 1964, for registering a company in Palestine:

  1. If the foreign partners are resident within territories under the jurisdiction of the Palestinian Authority, work permits must be obtained from the Palestinian Authority.
  2. All company documents issued in the company’s country of origin must be submitted to the Ministry.
  3. These will be studied by the Companies’ Controller who is responsible for granting approval.
  4. Register the company name, which must be checked by the Ministry to ensure that it is not taken.
  5. For registration fees, please contact the mission.
Note:

Any foreign company planning to operate within Palestine must register as a foreign company, and submitting an application for registration within a month of its establishment in Palestine.

This differs in the Gaza Strip, which is operating under the Companies Law No.18 of 1929 and the Ordinary Companies’ Law No.19 of 1930.

For more information, please contact the mission.

Taxation

Palestinian Tax

Individual Income Tax

ANNUAL INCOME, IN NIS
TAX RATE
1-75,000
5%
75,001-150,000
10%
150,001 +
15%
Value-Added Tax (VAT): Consumption-based tax imposed on all local goods and services at a rate of 16%.

VAT Categories

Very small companies with annual sales under $12,000:
  • Exempt from VAT payments.
  • Must declare sales on a self-assessed report at the end of each tax year.
Small companies with annual sales under $50,000:
  • Pay 16% VAT.
  • Do not have the right to issue a VAT invoice.
Large companies with annual sales above $50,000:
  • Pay 16% VAT.
  • Can issue a VAT invoice.
Non-profit organizations:
  • Exempt from paying VAT.

Trade Mission

We aim to support British efforts within the Department for International Trade alongside the Palestine Liberation Organisation (PLO) to ensure the success of the United Kingdom’s trade relationship with the Palestinian Authority of the West Bank and the Gaza Strip. Our mission is to facilitate this effort.

Her Excellency, Abeer Odeh, Minister of National Economy and the International Trade Secretary.
Trade in goods Trade in services Total trade
UK exports to the Palestinian Authority £3M £12M £15M
UK imports from the Palestinian Authority 0 £2M £2M
Total trade £3M £14M £17M
To support the ambitions of the Palestinian Authority we aim to promote investment in Palestine by:

Book a Business Appointment

Book an appointment with our Trade and Investment Department to discuss your needs