A total of (213) foreign investors were granted the Jordanian citizenship through Jordan Citizenship by Investment Program as of October 31, 2021, while the Jordan Investment Commission (JIC) is still considering (21) applications, which were submitted between September 30, 2021 and October 31, 2021.
The original nationalities of investors who received the Jordanian citizenship are mainly Syrian, Iraqi, Palestinian, Finnish (Finland), Canadian, Lebanese, Yemeni, American (United States), Pakistani, Indian and Kittian & Nevisian (Saint Kitts and Nevis).
THE JORDAN CITIZENSHIP BY INVESTMENT (CBI) PROGRAM
Note that after Turkey, Jordan became the second country in the Middle East to launch a citizenship by investment program. Mainly, residents and citizens of neighboring countries who had business interests in the state wanted to attain a Jordanian passport. As of October 31, 2021, only (213) passports have been issued with an annual quota of (500) applicants.
The Citizenship by Investment program in Jordan is getting more popular among many Arab and foreign investors.
For those who wish to become citizens in an oasis of stability, the Jordan Citizenship by Investment Program is the perfect route to obtain such status. The Jordanian government welcomes High Wealth individuals (HWIs) who desire to make a large, eligible investment into the country that would boost the economy through direct investment and stimulating the investment environment and creating job opportunities for Jordanians. Under Jordan Citizenship by Investment Program, investors and their immediate family members can become citizens of Jordan within (3) three months.
THE HASHEMITE KINGDOM OF JORDAN
Squeezed between Syria, Palestine, Iraq and Saudi Arabia, Jordan, officially called the Hashemite Kingdom of Jordan, is strategically located at the crossroads of Asia, Africa and Europe.
The Hashemite Kingdom of Jordan is a Western Asian, Arabic country on the Jordan River's East Bank. The current population of Jordan is 10,349,746 as of Tuesday, December 14, 2021.
ADVANTAGES OF THE PROGRAM FOR OBTAINING CITIZENSHIP OF JORDAN
The Jordan citizenship by investment (CBI) program was never an admired path for foreign investors, but in the last few years it has resurfaced as many high net worth individuals (HNWI) from the Middle East are looking for security in another country and Jordan has been relatively stable in a tormented region.
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Fast processing within (3) three months.
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Inclusion of the main applicant’s spouse, children (unmarried, widowed, or divorced daughters and sons under 18), as well as dependent parents.
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If an applicant's total investment is more than USD $ (3) million, all male children of the main applicants who are under 30 years of age as well those children's wives and their children too would be eligible for Jordanian citizenships.
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No education or management experience required.
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No physical residency requirements (Except within the option of Bank deposit and treasury bonds).
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Visa-free or visa-on-arrival access to 50 destinations including Barbados, Dominica, Georgia, Hong Kong, Malaysia , Maldives , Mauritius , Saint Kitts and Nevis , Seychelles , South Africa and Turkey.
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E-2 treaty Investor Visa signed between Jordan and the United States allows citizens of Jordan to operate a substantial business in the U.S. and reside therein.
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No need to pass a language exam.
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Dual citizenship not restricted.
REQUIREMENTS OF JORDANIAN CITIZENSHIP BY INVESTMENT
The Jordan Citizenship by Investment Program requires that a foreign individual invests into a bank deposit as well as treasury bonds, securities as well as small and medium enterprises investments, or a local job-creating project.
Applicants are required to fulfill one of the following investment options in the country:
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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 but does not withdraw from it until the end of this period; and
Purchase treasury bonds valued at USD $1 million at an interest rate to be determined upon by the CBJ, held for a minimum period of six years.
The investor must have been inside the Kingdom for at least a month before she/he signs the final recommendation to grant her/him Jordanian citizenship.
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Company shares/Stocks and Small- and Medium-Sized Enterprises investments
Buy shares/Stocks in Jordanian companies valued at a minimum of USD (1) One million, provided they are held for at least (3) three years and that the Companies Control Department and/or the Jordan Securities Commission denote temporary seizure of them; and
To invest USD $ 750,000 in Small- and Medium-Sized Enterprises .
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Establish an investment project in a specific productive economic sector with capital of at least USD $1.5 million in any location in the Amman governorate (USD $1 million for a project that is registered outside Amman), provided the project creates at least 20 employment opportunities (reduced to at least 15 opportunities for Jordanians for a project in a governorate other than Amman), in accordance with the statements of the Social Security Corporation.
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If an investor is a partner or an owner of an existing project or projects, She/he will be granted Jordanian citizenship according to the following:
(a) For projects based in Amman, the average share of an investor in the total value of fixed assets, non-current and intangible assets must be no less than USD $1,000,000 . This amount can be calculated for an existing project or projects according to certified annual budgets for the last three years. An investor must also provide no less than 20 job opportunities for Jordanians within three years, in accordance with the statements of the Social Security Corporation and taking into account the ramifications of the COVID-19 pandemic in 2020, so that half of the required number of employees is approved for said year, in addition to rounding up the number of employees for two separate projects in the capital and any other governorate for the purpose of calculating the numbers of workers on the basis of each governorate.
(b) As for investments outside Amman, the average share of an investor in the total value of fixed assets, non-current and intangible assets must be no less than USD $700,000 . This amount can be calculated for an existing project or projects according to certified annual budgets for the last three years. An investor must also provide no less than 15 job opportunities for Jordanians within three years, in accordance with the statements of the Social Security Corporation.
LOOKING TO OBTAIN JORDANIAN CITIZENSHIP BY INVESTMENT IN 2022?
Find out more about the Jordan Investment Citizenship Program, or contact us now for a consultation.
For the Citizenship by Investment Programs comparison table, please click here.
To see our Citizenship and Residency Programs by Investment in Real Estate comparison table, please click here.
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