Jordan opened citizenship for investment scheme in Feb 2018 under the cabinet’s decision allowing foreign investors receiving citizenship
Minister of State for Investment Affairs Muhannad Shehadeh on Sunday, Apr 21 provided an update on the number of investors and applications received for the investment citizenship scheme of Jordan
He said that so far 21 investors had obtained Jordanian nationality under an incentives programme introduced by the government in 2018.
“We currently have a list of 50 applications which are ready to be reviewed,” the minister, who is also chairman of the Jordan Investment Commission (JIC), told The Jordan Times on Sunday.
The overall number of requests submitted to the JIC to obtain citizenship had reached 200. Of these, 100 applications had met the programme’s conditions. Most of the Arab investors who have obtained nationality under the programme are Syrians and Iraqis, said the Minister.
According to the current rules, the following investments make foreigners eligible for jordanian citizenship.
Citizenship by Investment
Under the Cabinet’s decision in February, investors are required to invest several options to become eligible for citizenship as jordanian national
- Zero-interest, five-year $1.5 million deposit at the Central Bank of Jordan (CBJ) or
- Treasury bonds for $1.5 million at an interest rate to be decided by CBJ for no less than ten years.
- Buy securities worth $1.5 million from an active investment portfolio or
- Invest $1 million in SMEs for at least five years
- $2-million investment in any location in the country, or
- $1.5 million if the project is registered in a governorate other than Amman, provided that the project creates at least 20 job opportunities and remains operational for at least three years.
Permanent Residency
To obtain permanent residency, any non-Jordanian can buy property worth at least JD 200,000 without selling or disposing it in any manner for a period of ten years
As of 2019, Jordanian passport has visa free access to 50 world countries according to Henley
