Jordan to offer new citizenship by investment and golden visa program for investors.
According to Jordan Times, On Feb 20, 2018 at a press conference following a Cabinet meeting, State Minister for Media Affairs and Government Spokesperson Mohammad Momani said that investors qualify for Jordanian citizenship or permanent residence by satisfying the following investment conditions
Citizenship by Investment
- Bank deposit: Invest in a zero-interest, five-year $1.5 million deposit at the Central Bank of Jordan (CBJ)
- Treasury bonds: buying treasury bonds valued $1.5 million at an interest rate to be decided by CBJ for a period of 10 years.
- Securities: Buy securities, valued at $1.5 million from an active investment portfolio.
- Small and Medium Enterprises: Invest $1 million in SMEs for five years
- Investment project: Make $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 such a project creates at least 20 job opportunities and remains operational for at least three years.
Golden visa
The Golden visa scheme offers permanent residency to overseas investors and their families.
Investors who buy a property at-least JRD 200,000 ($280,000) and hold the property for 10 years are eligible for permanent residency in Jordan.
The Minister announced that the limit will be capped to only 500 applicants each year. All applicants will be subjected to security clearance and due diligence checks before approvals.
Jordan Passport
According to Henley 2018 Passport Index, Jordan passport is ranked #92 in the world with visa free access to 45 countries in the world.
