The purchase, including for business purposes, of land administered by the Israel Land Administration (ILA) by foreign nationals and foreign-controlled legal entities is subject to prior approval by the ILA.
"Restriction on the purchase or transfer of rights in real estate to foreigners
2 a. (A)  In this section -
"Rights in real estate" - a right of ownership, or a right of tenancy for periods that cumulatively exceed five years or with which there is a choice to extend its period for a total period exceeding five years, including a right under an undertaking to transfer or transfer ownership or lease for such period;
"Foreigner" - any of the following:
(1) An individual who is not one of the following:
(A) an Israeli citizen or resident of Israel;
(B) a person who is entitled to immigrate to Israel according to the Law of Return, 5711-1950;
(2) a corporation controlled by one or more individuals, who is not one of the subscribers in paragraph (1);
(3) a person who works for an individual or corporation as stated in paragraphs (1) or (2);
"Israel Land Authority Law" - Israel Land Authority Law, 5755-1960;
"Chairman of the Israel Land Council" - as defined in the Israel Land Authority Law;
"State" - including any of the following:
(1) a union, member or organization founded by at least two states, or by organizations founded by at least two states;
(2) an organ, authority or representation of a State or of a Union of States;
(3) a political entity that is not a state determined by the Minister of Justice, with the approval of the Constitution, Law and Justice Committee of the Knesset;
"Director of the Israel Land Authority" - as defined in the Israel Land Authority Law;
"Israel Land" - including land in which the right of ownership has been granted under the Israel Land Authority Law;
"Control" - as defined in the Banking (Licensing) Law, 1981.
(B) (1) A person shall not buy or transfer rights in Israeli land to a foreigner, whether in return or not in return, except in accordance with the provisions of this Law;
(2) an applicant for conferring or transferring rights in Israeli land to a foreigner, shall submit an application for approval of the purchase or transfer to the chairman of the Israel Land Council;
(3) The Chairman of the Israel Land Council may grant approval for the purchase or transfer of rights in Israeli land to a foreigner, on the recommendation of a subcommittee of the Israel Land Council and after consultation with the Minister of Defense and Foreign Minister, and in accordance with regulations As stated in section 4 (b);
(4) In making a decision regarding the granting of an approval as stated in paragraph (3), the Chairman of the Israel Land Council shall take into account, inter alia, the following considerations:
(A) the public good and security;
(B) the foreigner's connection to Israel, including his personal data, periods of residence in Israel and his family closeness to a non-foreigner;
(C) the purpose for which the foreigner requests that the land be purchased or transferred to him;
(D) the extent of the land purchased by the same foreigner or transferred to him, prior to the date of the application;
(E) the characteristics of the requested land, including the size of the requested area, the location of the land and their designation;
(5) Notwithstanding the provisions of paragraphs (1) and (3), the director of the Israel Land Authority or a person authorized by him from among the employees of the authority, may approve the purchase or transfer of rights in Israel land to one of the following:
(A) a foreigner who is not a corporation, who wishes to purchase one residential unit in real estate designated for residential purposes according to a plan, provided that he does not have rights in real estate in another residential unit; In this regard, "plan" - as defined in the Planning and Building Law, 5755-1965;
(B) a foreigner approved by the Investment Center Administration to be granted a grant under the Capital Investment Encouragement Law, for the purpose of implementing the plan for which the grant was approved; In this regard -
"Capital Investment Encouragement Law" - Capital Investment Encouragement Law, 5719-1959;
"Investment Center Administration" - as defined in the Capital Investment Encouragement Law;
(C) A State, in accordance with the obligation of the State of Israel in an international agreement, for the purpose of managing the affairs of that State in Israel within the framework of the undertaking given.
(C) The provisions of subsection (b) shall also apply to the purchase or transfer of rights in real estate by way of sale of foreclosed real estate, realization of its mortgage, execution of a judgment or other document executable as a judgment, or sale of property by the Execution Bureau or other authority by law.
(D) (1) shall not be valid for the purchase or transfer of rights in real estate or an undertaking for such purchase or transfer made in contravention of the provisions of this section;
(2) no transaction shall be registered in the land registers contrary to the provisions of this section;
(3) The Attorney General or his proxy, or a stakeholder, may apply to the court for a declaration of cancellation of a transaction made in contravention of the provisions of this section, or for any other remedy appropriate to the circumstances of the case, including deletion of registration from the land registers.[...]" (Israel Lands Law (25.07.1960), last amended 5.4.2011, Article 2A [google translation])
Israel Lands Law (25.07.1960), last amended 5.4.2011, Article 2A
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