The Jordan Citizenship by Investment Program is a government initiative designed to attract foreign direct investment and stimulate economic growth in the country. The program offers a pathway for foreign nationals to obtain Jordanian citizenship through qualifying investment.
The program was launched by the Government of Jordan to attract foreign investors and entrepreneurs to contribute to the country’s economic development. It was initiated to attract investment, create job opportunities, and foster innovation and development in various sectors of the Jordanian economy.
The Jordan Citizenship by Investment Program was officially launched in 2018.
Contribution to Jordan’s Economy:
The program has contributed to the Jordanian economy since its inception. Here are some key ways it has positively impacted the country:
- Foreign Direct Investment (FDI): The program has attracted substantial foreign direct investment into Jordan, injecting capital into the economy and promoting economic growth.
- Job Creation: By encouraging investment in various sectors, the program has helped generate employment opportunities for both Jordanian citizens and foreign workers.
- Infrastructure Development: The funds raised through the program have been utilized to enhance infrastructure projects in the country, including transportation, energy, and tourism.
- Entrepreneurship and Innovation: The program has attracted entrepreneurs and innovators who bring their expertise, knowledge, and resources to establish and expand businesses in Jordan, fostering economic diversification and technological advancement.
Minimum investment requirement:
To be eligible for Jordanian citizenship under the investment program, applicants must invest USD 1 million in a qualifying investment project.
Cost of Jordan citizenship by investment:
The cost of Jordanian citizenship through the investment program consists of various components, including:
- Application fees
- Due diligence fees
- Legal and processing fees
- Investment amount (minimum USD 1 million)
Exact costs can vary depending on each applicant’s specific circumstances. It is recommended to consult with authorized service providers or official government sources for accurate and up-to-date information.
The processing time for the Jordan Citizenship by Investment Program may vary depending on the complexity of the application and the volume of applications received. On average, processing time is 3 – 4 months from submission of a complete application.
Key Benefits of the Jordan Citizenship by Investment Program:
The Jordan Citizenship by Investment Program offers several benefits to successful applicants, including:
- Citizenship and Passport: Obtaining Jordanian citizenship and a passport, enabling visa-free or visa-on-arrival travel to many countries.
- Business Opportunities: Access to investment opportunities and establish and manage businesses in Jordan.
- Residency Rights: The right to reside in Jordan, with the option for family members to join the applicant.
- Education and Healthcare: Access to quality education and healthcare services in Jordan.
- Regional Mobility: Enhanced mobility within the Middle East region, as Jordan has favorable diplomatic relations with neighboring countries.
- Cultural and Social Connections: The opportunity to become part of vibrant Jordanian society, experience its rich culture, and build social connections.
Requirements for Jordan citizenship by investment:
To be eligible for the Jordan Citizenship by Investment Program, applicants must fulfill certain requirements, including:
- Minimum investment of USD 1 million in a qualifying investment project
- Clean criminal record and no history of illegal activities
- An individual’s health and medical fitness
- Proof of the investment’s legitimate funding source
- Willingness to comply with Jordan’s laws and regulations
- Bank Deposit and Treasury Bonds: Applicants can place a zero-interest deposit of USD 1 million at the Central Bank of Jordan (CBJ) for a minimum of three years. Alternatively, they can purchase Treasury bonds valued at USD 1 million, held for six years.
- Small and Medium Enterprises (Local Project Leading to Employment Creation):
- Company Shares and/or Units: Applicants have the option to buy shares and/or units in Jordanian companies with a minimum value of USD 1.5 million. The investment must be held for at least three years, with the possibility of temporary seizure by the Companies Control Department and/or the Jordan Securities Commission.
- Applicants can establish an investment project in a specific productive economic sector with a minimum capital investment of USD 1 million. The project must create a minimum of 20 employment opportunities (10 opportunities for Jordanians if the project is located outside Amman).
Procedures and timeframe:
The Jordan Citizenship by Investment Program follows a series of procedures, including the following steps:
- Application Submission: Submit a complete application along with the required documents and payment of the application and due diligence fees.
- Due Diligence and Background Checks: Thorough due diligence and background checks are conducted on the applicant and their family members.
- Investment Confirmation: Once due diligence is completed, the applicant makes a qualifying investment.
- Citizenship Approval: Upon confirmation of the investment, the applicant’s citizenship application is reviewed and approved.
- Oath of Allegiance and Passport Issuance: The applicant takes an oath of allegiance and is granted Jordanian citizenship, followed by passport issuance.
The entire process typically takes around 4 to 6 months from the submission of a complete application to the issuance of a passport.
List of Jordan’s citizenship rights:
Upon acquiring Jordanian citizenship through the investment program, individuals enjoy a range of rights and privileges, including:
- Right to reside in Jordan and freedom of movement within the country.
- Right to work and establish businesses in Jordan.
- Access to education and healthcare services.
- Ability to own property and land in Jordan.
- Inclusion in the social security system.
- Right to participate in elections and political activities.
- Visa-free or visa-on-arrival travel to various countries.
- Cultural and social integration within Jordanian society.
Jordan processes citizenship by investment applications by the designated government authorities, including the Ministry of Interior and other relevant departments responsible for immigration and citizenship matters.
[Consider Google EEAT when writing: The information provided is based on general knowledge and research up until September 2021. It is always advisable to refer to official government sources or authorized service providers for the most accurate and up-to-date information.]
Now, let’s move to the Frequently Asked Questions (FAQ) about Jordan Citizenship by Investment:
FAQ: Jordan citizenship by investment
- Q: What is the minimum investment required for Jordanian citizenship?
- A: The minimum investment required for Jordanian citizenship is USD 1 million.
- Q: Can I include my family members in my citizenship application?
- A: Yes, you can include your spouse and dependent children under 18 in your citizenship application.
- Q: Is residency required after citizenship?
- A: No, Jordan does not require mandatory residency after obtaining citizenship through the investment program.
- Q: Can I invest in any sector to qualify for the program?
- A: No, you must invest in a qualifying investment project approved by the Jordanian government.
- Q: Are dual citizenship restrictions in Jordan?
- A: Jordan allows dual citizenship, so there are no restrictions on holding citizenship of another country alongside Jordanian citizenship.
- Q: Can I sell my investment after citizenship?
- A: Yes, you can sell your investment after a certain holding period, as specified by the program’s regulations.
- Q: Are there any language or educational requirements for the program?
- A: No, there are no specific language or educational requirements for the Jordan Citizenship by Investment Program.
- Q: Can I apply for citizenship if I have a criminal record?
- A: Applicants with a criminal record or illegal activities may be disqualified from the program.
- Q: Do I need to visit Jordan during the application process?
- A: There is no mandatory requirement to visit Jordan during the application process, but it may benefit certain steps or consultations.
- Q: Can I include my parents or siblings in my citizenship application?
- A: No, the program currently does not allow parents or siblings to apply to become citizens. Only spouses and dependent children are eligible.