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The Law Regulating the Investment Environment defines the conditions for granting the investor card category (A)

Amman Today

publish date 2023-04-17 22:47:01

The Investment Environment Regulatory Law, which was recently issued, specified the conditions for granting a class (A) investor card, with the aim of simplifying and facilitating procedures with the official departments and agencies, to give priority to its holder in completing transactions with those departments and agencies, and to obtain a distinguished service with high efficiency.

According to the law, a category (A) investor card is granted by a decision of the manager if the share of the investor in the registered capital of the company or the total of his stakes in the companies in which he owns stakes is at least 150,000 dinars, and that company or companies provides at least 25 jobs for Jordanians or 5 jobs for Jordanians for information technology activity, software development, applications and licenses only.

The card is also granted to the investor if his share in the registered capital of the company or the total of his shares in the companies in which he owns stakes is at least 300 thousand dinars, and that company or companies provides at least 15 jobs for Jordanians or 3 jobs for Jordanians in information technology activity, software development and its applications. And just cheap. Also, when issuing the card, it is required that the numbers of Jordanian workers referred to have passed since their registration with the Social Security Corporation for a period of no less than 4 months, and when it is renewed, it is required that the numbers of Jordanian workers have continued for the entire previous period.

The card referred to in Paragraph (a) shall be valid for one year upon issuance, for the first time, for a period of three years in the event of renewal for the first time, and the investor continued to fulfill the same conditions for granting it, and for a period of five years in the event of renewal for the second time and beyond, and the investor continued to achieve The conditions for granting it are the same.

According to the law, the Minister, based on the director’s recommendation, may grant the investor in any project that does not meet the conditions stipulated in Article 4 of these instructions, a class (A) investor card if the actual investment volume (fixed assets of the project / or existing projects) exceeds 1.5 million dinars, to be determined according to the law. On financial statements audited by an accredited auditor, or if the volume of sales or the volume of imports or purchases exceeded 1.5 million dinars, provided that the value of fixed assets is not less than half a million dinars, and provides no less than (3) jobs for Jordanians, and these are issued The card is for one year, and it is renewable for the same period, provided that the investor continues to fulfill the conditions for granting it.

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Jordan News

Source : اخبار الاردن

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