One of the advantages of real estate investment in Jordan is that it allows foreign investors to apply for residency in Jordan for themselves and their families and enjoy various rights and benefits. The investor card, on the other hand, is granted to those who invest in the business sector under specific conditions and provides them with certain opportunities.
The rights and privileges of holding a residency permit in Jordan are greater and broader than the rights and privileges of holding an investor card. We have previously discussed in other articles the advantages of real estate investment for foreigners and the rights and privileges that investors and their families obtain. You can refer to the following links for more information:
- Obtaining residency in Jordan through property purchase.
- Granting Jordanian citizenship to investors in the real estate sector in 2023.
- Can non-Jordanians own properties in Jordan?
In this article, we will specifically discuss the investor card, how to obtain it, and its advantages.
The Investor Card is granted to non-Jordanian foreigners under specified investment conditions. It is issued by the Jordan Investment Commission and signed by the Prime Minister of Jordan, and it is authenticated by government authorities.
The main objective of granting the Investor Card to foreign investors is to encourage them to invest in Jordan, facilitate their movement to and from Jordan, and give them priority and facilitation in their transactions with all government departments and institutions. Additionally, holders of the Investor Card enjoy various incentives and benefits within Jordan.
1. Investor Card Category (A): This category is granted to investors and their families of all nationalities except Syrian nationals.
2. Investor Card Category (B): This category is granted to investors and their families of Syrian nationality. It is specifically designed for Syrians due to the challenges they face and their proximity to Jordan.
3. Investor Card Category (C): This category is granted to individuals working in managerial positions in companies within Jordan, subject to specific conditions and application requirements. It is issued for a period of one year and can be renewed for the same duration.
- Simplification of procedures for registering and licensing investment projects.
- Provision of high-quality services to the cardholder.
- Priority in processing transactions with relevant authorities involved in the investment process.
- VIP treatment at airports and borders.
- Customs exemption for two vehicles with Jordanian license plates (for cardholders who are non-Jordanians holding a national number) according to the instructions of the General Customs Department.
- Specifically for investors of Syrian nationality.
- Facilitation of entry and exit procedures for the investor or any family member.
- Facilitation of vehicle registration in Jordan in the name of the investor without the need for security approvals.
- Facilitation of obtaining a Jordanian driving license in the name of the investor or any family member.
- VIP treatment at airports and borders.
- Simplification and facilitation of procedures at official departments and institutions.
- Priority is given to the cardholder in completing transactions with those departments and institutions.
- Provision of high-quality and efficient service.
- Facilitation of entry and movement of the cardholder through border centers and airports in the Hashemite Kingdom of Jordan.
1. The applicant's share in the registered capital of the company or companies in which they own shares should not be less than 50,000 Jordanian Dinars.
2. Providing at least 8 permanent job opportunities for Jordanians with value-added.
3. The number of eligible cards is limited to two cards, which may increase if the contribution exceeds 50,000 Jordanian Dinars each time, provided that it does not exceed three cards.
4. The Jordanian workforce should have been registered with the General Social Security Corporation for a period of at least 4 months, and upon renewal, the Jordanian workforce should have been continuously employed throughout the previous period.
The Investor Card Category (A) is issued for a period of one year and can be renewed for the same duration, provided that the conditions for granting it are still met.
Foreign investors have the right to choose the type of investment they want to undertake within Jordanian territory based on the type of business they intend to engage in and the goals they seek to achieve. Real estate investment may be the safest option worldwide, especially considering the economic fluctuations that the world goes through from time to time.
The applicant's share in the registered capital of the company or companies in which they hold shares should not be less than 50,000 Jordanian Dinars, and they should provide a minimum of 8 permanent job opportunities for Jordanians with added value.
The eligible number of cards should be two, and it may increase if the contribution amount exceeds 50,000 Jordanian Dinars each time, but it should not exceed three cards.
The Jordanian workforce should have been registered with the Social Security Corporation for a period of at least 4 months, and upon renewal, the Jordanian workforce should have remained intact throughout the previous period.
The recommendations of the Syrian Affairs Committee should be taken into consideration when issuing or renewing the card, provided that the cardholder continues to fulfill the conditions for granting it.
An Investor Card (Category B) is issued for a period of one year and can be renewed for the same period, provided that the conditions for granting it are met.
The applicant should be a senior employee in the company that meets the conditions for granting the card, based on a request submitted by the company.
An official work permit issued by the relevant authority is required for nationalities that require it.
An Investor Card (Category C) is issued for a period of one year and can be renewed for the same period, provided that the conditions for granting it are met, and its expiration date should not exceed the expiration date of the work permit.
Foreign investors have the right to choose the type of investment they want to undertake within Jordanian territory based on the type of business they wish to engage in and the goal they seek to achieve. Real estate investment is perhaps the safest globally, especially given the economic fluctuations that the world experiences from time to time.
Homes Jordan has a diverse real estate listing and a specialized advisory team consisting of engineering and legal experts who support clients. They are always ready to guide them in making the right decision for investing in real estate.
The team at Homes Jordan has a diverse real estate listing and a specialized consulting team consisting of engineering and legal experts who support clients. They are always ready to guide them in making the right decision for investing in properties.
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