Jordanian Citizenship Will Cost Investors $500,000 Less

September 22, 2021
Jordanian citizenship and residence permit by investment: how to obtain it under the new rules
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Jordan launched citizenship by investment program in 2018. But it was not in demand among investors, with only 206 applicants receiving passports in three years.

informed about changes in Jordanian legislation

In September 2021, the Jordanian government simplified the conditions of the citizenship program to attract more investors and businessmen. This was reported by Petra, the Jordanian state news agency.

The main change is that the minimum investment amount for some options has been reduced by $500,000, from one and a half million to one. Investors will now also be able to obtain a residence permit in Jordan for the purchase of the real estate in the country.

Let’s talk about the new Jordanian citizenship and residence permit rules for investors.

The Kingdom of Jordan is a state in the Middle East. It borders Israel, Syria, Saudi Arabia, and Iraq

How to apply for Jordanian citizenship under the new rules

Citizenship quota. The Jordanian government plans to issue up to 500 passports annually to investors.

500 passports

will be issued annually by Jordan

Investment options include:

  • Opening an interest-free deposit with the Central Bank of Jordan;
  • Buying government bonds. The interest on the bonds is set by the Central Bank;
  • Acquiring a share or shares in local companies if the shares are stamped by the Jordanian Companies Regulatory Authority or the Jordan Securities Commission;
  • Developing their own business project and creating new jobs. The investor has four months to hire employees after the start of the project. At the same time, the investor receives a temporary passport for three years. If, after three years, the project is successful and the jobs are maintained, the investor will receive Jordanian citizenship.

The amount of investment depends on the option chosen. The minimum amount of $750,000 applies to business projects operating in any region of Jordan, except the capital Amman.

$750,000

Minimum investment amount for the Jordanian citizenship programme

Investment The amount under the old The amount under the new
Deposit with the Central Bank of Jordan $1,500 000 $1,000 000
Purchasing government bonds $1,500 000 $1,000 000
Developing a business project in the capital Amman $2,000 000

+ 20 new jobs
$1,000 000

+ 20 new jobs
Development of a business project in another region of Jordan $1,000 000

+ 20 new jobs
$750, 000

+ 10 new jobs
Buying shares in Jordanian companies $1,500 000 $1,500 000

The holding period for the investment is three years for all options except for the purchase of government bonds. You must hold the securities for at least six years.

Participation of family members of the investor. The investor’s spouse and financially dependent parents can apply for citizenship together with the investor. The investor’s children can also obtain a Jordanian passport if they are:

  • Are under the age of 18 years;
  • Are unmarried, widowed or divorced;
  • are financially dependent on the investor.

The deadline for obtaining citizenship by investment is no more than three months from the date of application to the Jordanian Immigration Service.

90 days

is being considered an application for Jordanian citizenship

It is compulsory to live in Jordan for at least one month before applying for citizenship. Once the passport is issued, the investor may leave the country.

Citizenship can be revoked if the investor violates the terms of the program, for example, by closing a bank deposit or repaying government bonds early.

Jordanian citizenship by investment in bank deposit, government bonds, business
Amman is the capital and largest city of Jordan

A new opportunity for investors: a residence permit by purchasing real estate

An investor can obtain a residence permit in Jordan if he buys one or more properties in the country with a total value of 200,000 Jordanian dinars or from $282,000. The value of the properties in the transaction must be confirmed by an appraisal from the Jordanian Land and Survey Department.

$282,000

the minimum value of the property in order to obtain a residence permit

The residence permit is issued for five years, during which time the investor remains the owner of the property. The property cannot be sold, demolished or mortgaged.

5 years

duration of a residence permit by investment in Jordan

You do not have to live in Jordan either before or after obtaining a residence permit.

Residency in Jordan by investment in real estate
Aqaba is a resort town on the Red Sea. A three-bedroom villa in the city will cost from 140,000 Jordanian dinars, or $197,000

What gives citizenship and residence permits in Jordan

Visa-free travel around the world is only available to Jordanian nationals; residency status is not sufficient. Jordanian passport holders can freely enter 51 countries, such as Turkey and Hong Kong. But in most cases, a visa will need to be arranged on arrival.

51 countries

allows Jordanian nationals visa-free entry

Tax optimization. If an investor resides in Jordan for more than 183 days in a year, he can become a tax resident in Jordan. The company starts paying taxes in the country as soon as its head office is registered in Jordan.

Income tax in Jordan is levied on a progressive scale. For individuals, the rate will be between 5% and 30%, depending on the amount of annual income.

From 5 to 30%

Personal income tax in Jordan

Legal entities usually pay income tax at a rate of 20%. But if a company is engaged in telecommunications, electricity production, insurance and financial services, the rate rises to 24%. Banks pay an income tax rate of 35%.

From 20%

corporate income tax

There is no double taxation treaty in force between Russia and Jordan. Therefore, if a person or company is a tax resident in Jordan but receives income from Russia, taxes will have to be paid in both countries.

Relocation and holidays in Jordan are available to nationals and residents without restrictions on entry and exit.

Jordan is located in a region with an unstable political situation where armed conflicts are not uncommon. But despite the unrest in its neighbors, Jordan has been ranked among the safest countries in the world in 2018. Natural disasters rarely occur in the country, and crime rates are lower than in France, Italy and the US.
Jordan has 330 days of sunshine a year. The hottest month is August, when temperatures average highs of +32°C. January is the coolest, at around +12°C. Two seas, the Red Sea and the Dead Sea, bathe the shores of the country.

Tourists can visit Petra, an ancient rock-cut city, take a jeep tour through the Wadi Rum desert and explore the rich underwater world of the Red Sea.

Citizenship and Residence Permit by Investment in Jordan: The Ancient City of Petra

Al Khazneh is a Nabatean temple in Petra. Included in the UNESCO list of Monuments and the New Seven Wonders of the World

Citizenship and residence permits by investment in Jordan: Wadi Rum Desert

The Wadi Rum desert was the setting for the Hollywood blockbuster film 'The Martian' starring Matt Damon

Citizenship and Residence Permit by Investment in Jordan: The Dead Sea

The Dead Sea coast, a unique natural landmark in Jordan

Citizenship and Residence Permit by Investment in Jordan: The Ancient City of Petra
Citizenship and residence permits by investment in Jordan: Wadi Rum Desert
Citizenship and Residence Permit by Investment in Jordan: The Dead Sea

Which countries grant citizenship and residence permits by investment

Citizenship by investment is granted by five Caribbean countries, Vanuatu and Montenegro. In Malta, an investor can become a citizen by naturalization – for Exceptional Services by Direct Investment.

A Caribbean passport and a Vanuatu passport will cost an investor 10 times less than a Jordanian passport. Meanwhile, Caribbean and Vanuatu citizens travel visa-free to more than 130 countries, including the Schengen Area, the UK, Singapore and Hong Kong.

Montenegrin’s citizenship is granted for a mixed investment: a non-refundable contribution to the state fund and the purchase of real estate. Montenegrin passport holders can live, work and do business in the country and travel visa-free to Schengen countries, the UAE and Singapore. But the investor program is only valid until the end of 2021.

Malta only grants citizenship to investors who pass a rigorous due diligence process by buying or renting property in the country. In this case, the applicant first obtains a residence permit in the country and can apply for citizenship after a year or three years.

Maltese citizens travel visa-free to over 180 countries and can live, work and study in any EU country without restrictions.

Conditions for obtaining citizenship by investment

Country Investment Deadline for obtaining a passport
Antigua and Barbuda From $100,000 From 3 to 6 months
Dominica From $100,000 From 2 to 6 months
St Lucia From $100,000 From 3 to 4 months
Vanuatu From $130,000 From 1 month
St Kitts and Nevis From $150,000 From 2 to 6 months
Grenada From $150,000 From 2 to 6 months
Montenegro From € 350,000 From 4 to 6 months
Malta From € 690,000 From 12 months

Residence permits by investments – temporary or permanent – can be obtained in Portugal, Greece, Spain, the UK, Malta and Cyprus. In Austria and Switzerland, investors receive a special residence permit for financially independent persons without the right to work.

Conditions for obtaining a residence permit or permanent residence permit by investment

Status and country Investment Deadline for obtaining a passport
Residence permit in Malta From €30,000 From 3 to 4 months
Residence permit in Austria From €100,000 From 3 months
Permanent residence in Malta From €110,000 From 6 to 8 months
Residence permit in Portugal From €250,000 From 2 to 6 months
Residence permit in Greece From €250,000 From 3 months
Permanent residence in Cyprus From €300,000 From 2 to 3 months
Residence permit in Switzerland From ₣450,000 From 6 months
Residence permit in Spain From €500,000 From 2 to 3 months
 Residence permit in UK From £2,000000 From 2 to 3 months

Immigrant Invest helps investors obtain a second citizenship or residence permit by investment. If you want to become a citizen or resident of another country, seek advice from experts in investment programs.

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