Jordan Citizenship By Investment Program 2020

Looking to obtain Jordanian Citizenship By Investment in 2020? Established in 2018, the Jordan CBI has already attracted over 200 investors (main applicants) from Canada, Iraq, India, Finland, Lebanon, Pakistan, Palestine, Syria and the United States. According to the Jordanian Investment Commission, the total investments raised under the program amounted to some US $1.38 billion, or around US $6.9 million, on average, per investor.

Find out more the Jordan Investment Citizenship Program below, or contact us now for a free consultation.

 

The Jordanian Economic Citizenship Program at a glance

The program’s exceptional initial uptake has taken most industry players by surprise. Given Jordan’s geographic location and its relatively weak visa-free travel rating, few industry insiders expected the program to gain any meaningful traction – let alone processing 200 primary applicants successfully within the first two years.

Another aspect that makes the program a statistical outlier is the fact that the average investment amount exceeded the minimum requirement by a multiple of 4.6X. While economies of scale may account for this to some extent, a more likely explanation is that a large percentage of approved applications stemmed from large industrial investments made shortly prior to the program’s inception. In other words, these were purely commercially focused from the outset, rather than being made with a view to gain Jordanian citizenship.

Regardless of this trend, the Jordanian government recently made the decision to significantly reduce the program’s minimum investment thresholds with a view to boost its middle-market appeal.

Minimum program investments 2020

Consequently, during September 2020, the Jordanian Council of Ministers announced that the minimum investment requirements for the Jordanian CBI would be reduced by 25% to 50%, depending on the specific option being exercised.

Going forward the following investment requirements will apply: 

  1. US $1 million central bank deposit: To be held for 3 years (previously US $1.5 million, to be held for 5 years).

  2. US $1 million treasury bond investment: To be held for 6 years (previously US $1.5 million to be held for 10 years).

  3. US $1 million share capital investment: An investment in the share capital of a Jordanian company, to be held for a minimum period of 3 years.

  4. US $750,000 SME investment: A minimum investment of $750,000 in a small to medium sized Jordanian company, to be held for a minimum period of 3 years (previously US $1 million).

  5. Jordanian company establishment: Company formation and job creation for a minimum of 20 people within the capital region, with a minimum capitalisation of US $1.5 million (previously US $2 million), to be held for a minimum of 3 years.

  6. Jordanian Company establishment: Company formation and job creation for a minimum of 20 people outside of the capital region, with a minimum capitalisation of US $1 million (previously US $1.5 million), to be held for a minimum of 3 years.

Jordan also offers foreign investors the ability to obtain Jordanian residency by investment by acquiring a US $280,000 property, to be held for a minimum period of 10 years. In contrast with the Jordanian CBI, this program has only processed 4 successful applicants to date.

Jordan Passport: Visa Free Travel 2020

As of 7 July 2020, the Jordanian passport offers  the bearer visa-free access, or a visa upon arrival, for 51 countries and territories, including Bolivia, Cambodia, Cape Verde, Comoros, Dominica, Ecuador, Egypt, Ethiopia, Guinea Bissau, Kenya, Tanzania, Madagascar, Mauritius, Mozambique, Georgia, Tajikistan, Nepal, Maldives, South Africa, Sri Lanka, Nicaragua, St Kitts and Nevis, Turkey, Libya, Lebanon, Uganda, Yemen and Samoa.