Jordan cabinet has made a decision to reduce the minimum investments for citizenship from $1 million (from $1.5m). Other changes include the the minimum period of holding investments reduced from five years to three years. The new reduced changes is expected to attract more foreigners investing in Jordan.
Jordan launched citizenship in exchange for investment scheme on Feb 20, 2018 at a press conference following a Cabinet meeting.
Under the new amendments, the following reduced investments now qualify for jordanian citizenship, according to Jordan times. These are 5 investment routes to become a Jordanian citizen.
- Bank deposit of zero interest, of $1 million at the Central Bank of Jordan (CBJ) instead of $1.5 million for 3 years instead of years.
- Treasury bonds valuing $1 million, instead of $1.5 approved by CBJ.
- Securities at a value of $1 million instead of $1.5 million, from an active investment portfolio.
- Small and Medium Enterprises (SMEs) Â $750,000 instead of $1 million in SMEs and for a period of at least three years, instead of five years
- Significant Investments: Make $1.5 million investment in any location in the country, or $1 million if the project is registered in any Governorate other than Amman, provided such a project creates at least 20 job opportunities and remains operational for at least three years.
Jordan as of 2019, already approved 29 applications for citizenship and 50 applications pending from foreigners investing in Jordan
Golden visa
Jordan also reduced the golden visa prices to $200,000 (from $250,000). Foreigners have to buy a property in Jordan for $200,000 to qualify for five year permanent residency.
As of 02 July 2019, Jordanian citizens had visa-free or visa on arrival access to 49 countries and territories. These countries include Turkey, Indonesia, Malaysia, South Africa, Dominica.
