Law No 10/1998
regarding
Industrial Estates and Industrial Free Zones

CHAPTER TEN

Dealing in Foreign Currency

Article (45)

Foreign currency may be employed freely inside the industrial free zone and no restrictions shall apply either to entering foreign currency to the Palestinian territories from industrial free zone or vice versa.

Article (46)

Banks or their accredited branches in the industrial free zone may accept payment in any foreign currencies from any natural or legal person, and they may open accounts in these currencies in the names of depositors and the depositors may use the balance of these accounts in foreign currency without any restrictions.

Article (47)

Income tax on the licensed projects, the manufacturing projects or the works of developers shall be specified in the regulations issued pursuant to this or any other law, whichever is greater in the best interest of these projects.   

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