Investment environment in Jordan
Jordan is recognized for its attractive investment ecosystem that provides investors with the right tools for success, this ecosystem is bolstered by a stable political and economic climate and boasts a modern regulatory infrastructure in line with the latest global market trends and practices.
The investors in Jordan enjoy the following benefits:
- Unique and strategic location As well as secure and attractive economic political and judicial environment under the dedicated and stable leadership of the Hashemite monarchy
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- Access to major international markets with a consumer base of over 1 billion people through Jordan’s free-trade agreements (especially with united states of America and the European union)and membership of the world trade organization
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- Qualified and competent Human resources Jordanian manpower is considered one of the most competent competitive and productive in the region
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- stable political environment with controlled macroeconomic tools
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- Granting the private sector the chance to play a major part in the country’s economic activity and development.
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- Advanced infrastructure of airport, ports and road networks with the intention of creating a railroad network that connects Jordan to its neighboring countries.
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- developed and modern investment legislation
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- Advanced finance and banking sector.
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Key features of the investment law
- Customs and sales tax exemptions for fixed assets used for production
- A5% income tax on the institutes generated income within the development zone including industrial projects.
- Total sales tax exemption on product and services acquired by the registered institution to operate within the development zone
Investment window
The new Investment window was established to provide a central location to serve investors it is staffed by authorized representatives from all entities involved in issuing licenses and permits.
Objectives:
- Building trust in the investment environment.
- Providing a central location for serving investors.
- Following up on current projects and solving any obstacles, if encountered.
- Reducing the time needed to license and register investment projects and determining all required procedures the investor should be handling beforehand
Services
- Handling all investment projects procedures from the pre-licensing and registration phase to collecting required approvals.
- Licensing and registering investment projects.
- Registering the investment projects economic activities according the rules and regulations of the Jordanian companies law
- Labor affairs services including granting work permits and approvals for recruiting non-Jordanian workers to perform the investment projects economic activities.
- Granting entry and residency visas for investors and workers of the investment project.
- Granting environmental approvals for the projects economic activities.
- Providing investors with information and technical consultancy related to the projects economic activities.
- Establishment and registration
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- Building licensing and occupancy permits
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Foreign investment in Jordan
- Foreign investment enjoy incentives and benefits provided under the investment law including exemption from payment of custom duties general sales tax and in some cases reduction on income tax
- No restrictions on percentage of foreign ownership except in a limited number of economic activities where a Jordanian partner is required 50.000 JDS minimum capital requirement for Foreign investment
- minimum capital requirement for Foreign investment is 50.000 JDS except for shares purchased in public shareholding companies
- Investment in the development zones and the free zones can be wholly owned by foreign investors.
- Foreign investors enjoy privileges and guarantees including national treatment free movement of capital protection against expropriation and the option to resort alternative dispute settlement mechanism.
- Foreign investment enjoys facilitated registration and licensing services provided by the investment window. In addition to support in obtaining visas and residency permits for the investor his/her family and project employees as well as other services.