What does it take to get an investor's free residence permit in Jordan? Very little.
Interior Minister Hussein Majali instructed on Sunday all concerned government agencies to ease residency and visa procedures for investors and businesspeople.
Majali’s instructions to grant investors more facilities are in implementation of a recently endorsed Cabinet’s decision that seeks to create and enhance the competitiveness of the investment environment in Jordan and to create more jobs for Jordanians.
Under the recommendations of the government’s economic development committee, investors and businessmen will no longer need to have their activities assessed by the Interior Ministry’s investment affairs directorate in order to be granted residence permits or have them renewed.
As approved by the Cabinet, investors need only to deposit JD15,000 in the name of interior minister in addition to having a certain profession in order to obtain their residence permits or have them renewed.
Also as endorsed by the Council of Ministers, investors or businessmen who own a house in Jordan will be automatically given residence permits or have them renewed but they still need to deposit JD15,000.
Investors who can create 10 job opportunities for Jordanians and subscribe them to the Social Security Corporation will be given residence permits and have them renewed as investors.
Also as endorsed by the Cabinet, a one-year “free residence permit” will be granted to any investors who should deposit JD30,000 in the name of the interior minister.