Campaign launched to introduce e-application for investment cards

AMMAN — The Investment Ministry on Monday launched a campaign to introduce e-application to receive the investment cards that come in two categories, A and B, and the receipt of the Jordanian nationality in return for investment on the ministry's website www.moin.gov.jo.

The ministry said that the A investment card is granted to all Arab and non-Arab nationalities provided that the applicant is a partner in a registered company with a share value of at least JD150,000 and that provides at least 40 jobs for Jordanians, the Jordan News Agency, Petra, reported.

To receive the card, the applicant can also be a partner in a company with a share value of at least JD500,000 and that provides 30 jobs for Jordanians, the ministry said.

The ministry also said that the B card is only granted to Syrian investors with the aim to grant them and their families travel facilities and allow them to register private cars and receive a driver’s licence, as well as to attract experts from outside the Kingdom.

To receive this card, applicants are required to coordinate with the Interior Ministry, and their share value should be no less than JD50,000 and they should create 10 jobs for Jordanians. 

As for the conditions to receive the Jordanian nationality in return for investment, the ministry said that they aim at stimulating the investment environment and localise existing investments.

The nationality is granted to investors in several cases, such as depositing and buying Treasury bonds with a value of $2 million, or buying shares in Jordanian companies with a value of at least $1.5 million, establishing and registering one or more project in any economic sector with a total paid capital of at least $1 million within Amman or a paid capital of at least $750,000 outside Amman.

The ministry also called on investors and businesspeople to check on the services that it offers to investment projects through its website, noting that the aim of the campaign is to stimulate the investment environment and improve the Kingdom's ranking in international reports, in addition to saving investors' time and efforts.