In a strategic move to attract global capital, Jordan’s government has officially endorsed new regulations establishing a citizenship and residency program for foreign investors. The initiative, overseen by bodies such as the Jordan Investment Commission, aims to strengthen the kingdom’s economic appeal by offering clear pathways for investors to gain long-term status in the country.
Investment Pathways to Citizenship
The program outlines two primary routes for obtaining Jordanian citizenship. The first option requires a minimum investment of JD1 million ($1.4 million) in the shares of a Jordanian company or by launching new ventures in productive sectors. Investors who choose this path will initially receive a three-year temporary passport, which will lead to full nationality upon meeting the requirements. Alternatively, investors can qualify by creating a significant number of local jobs, with the threshold set at 150 new positions for Jordanians in Amman or 100 jobs in other governorates.
Program Provisions and Eligibility
The new regulations are designed to be inclusive for investors and their families. The provisions extend to the investor’s immediate family, including their spouse, unmarried sons under the age of 24, and unmarried, widowed, or divorced daughters who reside with the applicant. The program is open to both new and existing investors who fulfill the stipulated conditions. Alongside the citizenship track, the regulations also formalize the process for granting five-year residency permits to qualifying foreign investors.
About the Jordan Investment Commission
The Jordan Investment Commission (JIC) is the national investment promotion agency of Jordan. It is responsible for promoting and facilitating investment into the country and supporting investors throughout their project lifecycle by providing a range of services and information.
Source: AGBI
