71 Days
Source:
السوسنة
Changes to nationality and residence grants through investment boost investment and employment opportunities
The article concerns amendments issued by the Jordanian Cabinet to the regulations on granting citizenship and residence in exchange for investment, aiming to organize the process and achieve economic and developmental goals. The amendments include regulating the procedures for granting citizenship to investors through the sale of shares in the Amman Financial Market, as well as enhancing investments across various governorates to facilitate job creation and reduce reliance on the capital. Additionally, the residence system in exchange for property purchase has been modified, raising the minimum real estate investment from 200,000 to 300,000 Jordanian dinars for non-developers, while lowering it to 150,000 dinars in the governorates for a period of five years. Changes have also been made to investments in the Amman Financial Market to reduce concentration ratios to 10% in a single company, allowing for broader distribution of investments and risk reduction. These amendments aim to attract foreign investments, improve the economic environment, and maintain the country's security and financial stability.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)