You are here

Investors begin applying for citizenship one week after Cabinet decision

By JT - Feb 26,2018 - Last updated at Feb 26,2018

AMMAN — The Jordan Investment Commission (JIC) started receiving applications by investors wishing to obtain Jordanian nationality or permanent residency in the Kingdom following a recent Cabinet decision allowing the procedure, the JIC said Monday. 

Qualified personnel at the JIC were trained to handle the process and receive the applications of investors who wish to receive a nationality or a permanent residency, Minister of State for Investment Affairs and JIC Chairman Muhannad Shehadeh said in a statement.

The step, he said, aimed at facilitating investments and easing procedures for individuals wishing to invest in the Kingdom.

“This decision was taken after a thorough study of the investment climate in Jordan and its role in attracting more investments that help create job opportunities,” the minister said in the statement, a copy of which was obtained by The Jordan Times.

He added that the recent decision by the government does not include existing investments, unless they are being expanded.

Last week, the Cabinet endorsed a decision under which investors are offered several options, each of which makes them eligible for citizenship. They include a zero-interest, five-year $1.5 million deposit at the Central Bank of Jordan (CBJ), or buying Treasury bonds of the same value at an interest rate to be decided by CBJ for no less than 10 years.

The third option offered for investors is to buy securities worth $1.5 million from an active investment portfolio, or to invest $1 million in SMEs for at least five years to become a Jordanian national. 

The fifth option is a $2-million investment in any location in the country, or $1.5 million if the project is registered in any governorate other than Amman, provided that the project creates at least 20 job opportunities and remains operational for at least three years.

To obtain permanent residency, any non-Jordanian can buy property worth at least JD200,000 without selling or disposing it in any manner for a period of 10 years, provided that the Lands and Survey Department confirms the property value.

An investor who obtains any of the mentioned two statuses will have the right to obtain a similar status for his/her spouse, unmarried, widowed or divorced daughters, sons below 18 years old and for their parents, if they are their sole supporter.

up
95 users have voted.

Comments

WHY ARE OTHER JORDANIANS MUTE ON THIS ISSUE?. IS MURRAD THE ONLY COURAGEOUS VICE IN JORDAN?. CODE OF SILENCE IS NEVER A SOLUTION IN NATION BUILDING BECAUSE IS LIKE DRIVING A BUS INTO A DITCH.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

And, once again, I agree with Dr. Samuel. I guess it is the case in a country called, Jordan. The theme lives on...."money buy everything".

GOOD NEWS TO HEAR THAT INVESTORS HAVE STARTED TO FILE THEIR APPLICATIONS AND DEPOSITE CASH FOR THE SALE OF PARTS
OF JORDAN AS PROMISED. IT DOES NOT MATTER HOW YOU BEND IT OR MEND IT, IT IS VERY WRONG THAT YOU ARE SELLING PARTS OF JORDAN AGAINST CASH FOR CITIZENSHIP WHILE YOU ERECT A WALL OF SHAME AGAINST YOUR GRAND CHILDREN ONLY BECAUSE THEIR JORDANIAN MOTHERS ARE MARRIED TO OUTLAWS ( NON JORDANIAN MEN MARRIED TO JORDANIAN WOMEN ). IT DOES NOT MATTER HOW YOU LOOK AT IT, IT IS AN INTERNATIONAL NEWS AND LOTS OF PEOPLE AND COUNTRIES THAT MATTERS WILL READ THE NEWS ABOUT THIS POLICY. THIS IS NOT THE JORDAN THAT I HAVE KNOWN OVER 30 YEARS. THIS IS WORST THAN TRUMPISM AND HIS MEXICAN WALLS.

Add new comment

CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
7 + 7 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

Newsletter

Get top stories and blog posts emailed to you each day.