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Saturday, May 25, 2024

    Jordan Citizenship By Investment Program Benefits & Procedures

    Jordan, which is nearly entirely landlocked and is part of the Northern Arabian Peninsula, offers potential investors a number of advantages due to its close proximity to Israel to the west and Saudi Arabia to the south, creating a more favorable business and investment environment.

    The most effective method for obtaining citizenship in this multicultural and peaceful Arab nation is through the Jordan Citizenship by Investment Program.

    Wealthy foreigners who would like to invest a substantial amount of qualifying funds in Jordan in order to stimulate the country’s economy through foreign direct investment are cordially invited to do so by the government.

    Within three months, under this scheme, individuals can become Jordanian citizens along with their close family members.

    Benefits of the Jordan Citizenship by Investment Program

    • Visa-free or visa-on-arrival access to over 50 destinations
    • Citizenship applicable to the whole family including the main applicant’s spouse, children (unmarried, widowed, or divorced daughters and sons under 18), and dependent parents
    • Citizenship of a calm and stable country in the Middle East
    • Citizenship of a country that plays an active role in the UN and is a member of the World Trade Organization

    Requirements of Jordanian citizenship by investment

    The Jordan Citizenship by Investment Program requires that a foreign individual invests into either a bank deposit, treasury bonds, securities, small and medium enterprises, or a local job-creating project.

    Applicants are required to fulfill one of the following investment options in the country:

    • Bank deposit and treasury bonds
    • Place a zero-interest deposit of USD 1 million at the Central Bank of Jordan (CBJ) for a minimum period of three years; and
    • Purchase treasury bonds valued at USD 1 million at an interest rate to be decided upon by the CBJ, held for a minimum period of six years.
      Company shares and/or units

    Buy shares and/or units in Jordanian companies valued at a minimum of USD 1.5 million, provided they are held for at least three years and that the Companies Control Department and/or the Jordan Securities Commission denote temporary seizure of them.
    Small and medium enterprises (local project leading to employment creation)

    Establish an investment project in a specific productive economic sector with capital of at least USD 1 million in any location in the Amman governorate (USD 750,000 for a project that is registered outside Amman), provided the project creates at least 20 employment opportunities (reduced to at least 10 opportunities for Jordanians for a project in a governorate other than Amman), in accordance with the statements of the Social Security Corporation.

    Documentary evidence of the investment must be provided as part of the application process.

    Procedures and time frame

    Applications for Jordanian citizenship must include completed application forms and should be accompanied by the appropriate fees and supporting documents.

    The eligibility criteria are applied to a maximum of 500 cases annually, following security clearance and confirmation of the applicant’s financial adequacy.

    The requirements are reviewed and evaluated every six months and are not applied retroactively.

    After initial due diligence checks have been conducted, the applicant may choose their preferred investment route: A bank deposit and treasury bonds, company shares and/or units, or an enterprise that leads to employment creation.

    Once the application for Jordanian citizenship has been submitted to the relevant government committee and further due diligence checks have been successfully completed, the application may be approved if eligibility is proven.

    Following the applicant’s fulfilment of the chosen investment, they (and their included family members) receive a Jordanian passport.

    Citizenship applies to the main investor, spouse, children (unmarried, widowed, or divorced daughters and sons under 18), and dependent parents.


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