Insight into the New Jordanian Investment Law
Analysis
This Law supports the government of Jordan's goal of striving to lead the economy to stability and attract foreign investors. This will be achieved through developing its laws and systems to enable Jordan to meet global market standards.
The Law improves and develops on previous initiatives, and retains certain benefits that were already granted to investors.
Key Areas that Remain Unchanged
Powers of Council of Ministers
The Law empowers the Council of Ministers with the right to grant any project (economic activity) falling within any exempted sectors, such as energy, ICT-BPO and tourism, additional exemptions, privileges and incentives based on the location of the project.
Non-Jordanian same as Jordanian
There is a reaffirmation, as in previous initiatives, that Non-Jordanian investors shall be treated like Jordanian investors.
Key Areas Addressed in the Law
Economic Activities