
Standards Institution: E-Mobility Accreditation Project Supports Modernization and Sustainability Vision - Jordan News
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Roya News
25 minutes ago
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Jordan approves changes to grant investors citizenship, residency
The Jordanian government on Wednesday approved new regulations to grant Jordanian citizenship or residency to investors, based on recommendations from the special committee for investors. The decision, made during a cabinet session chaired by Prime Minister Jaafar Hassan, aims to stimulate investment and economic activity in the kingdom. New Citizenship Regulations for Investors The new regulations outline several avenues for investors to obtain Jordanian citizenship: Stock Market Investment Investors can gain citizenship by purchasing at least 1 million Jordanian dinars (JOD) in new shares of Jordanian companies. These shares must be held for three years and cannot be encumbered, loaned, or borrowed. The purchase must occur within four months of the Investment Ministry's approval, with no more than 20% of the total investment concentrated in a single company's shares. New Investment Projects Citizenship is granted for establishing new investment projects in productive economic sectors. The paid-up capital must be at least 700,000 JOD within the capital governorate or 500,000 JOD outside it. These projects must create 20 jobs for Jordanians within the capital or 10 jobs outside, verifiable through Social Security Corporation records. Investors meeting these criteria will initially receive a temporary Jordanian passport for three years, with full citizenship recommended after sustained compliance. Acquiring Shares in Existing Projects Investors can secure citizenship by purchasing new shares in existing productive economic projects with a paid-up capital of at least 1 million JOD. The project's new fixed assets must be at least 500,000 JOD. The investment requires a feasibility study, audited financial statements, and must create 20 new jobs for Jordanians (or as specified by Cabinet decision based on investment type). These new shares must be held for three years. Like new projects, a temporary passport is issued for three years, followed by a citizenship recommendation upon compliance. Existing Investments For investors with existing projects, citizenship may be granted if their average share of the total fixed and tangible non-current assets (calculated from audited annual statements over the past three years) is at least 700,000 JOD within the capital, maintaining 90% of the required 20 Jordanian jobs per month for three years. Outside the capital, the average share must be at least 350,000 JOD, maintaining 90% of the required 10 Jordanian jobs per month for three years. Sector-Specific Investments Citizenship is also available to investors in pharmaceutical, medical device, food logistics, storage, and large warehouse sectors. Companies must have an investment of at least 3 million JOD and employ at least 20 Jordanian workers in the capital (or 10 outside) registered with the Social Security Corporation for the last three years, specifically in pharmacist roles. High Employment Generation Investors who employ 150 Jordanian workers in the capital or 100 in other governorates, registered with the Social Security Corporation for at least one year and maintained for two consecutive years after obtaining citizenship, are eligible. Family Inclusion The investor's spouse, unmarried, widowed, or divorced daughters living under their care, and unmarried sons under 24 years old at the time of application are eligible. For investments exceeding 2 million JOD, male children under 30 years old, their spouses, and children are also eligible. Five-Year Residency Through Real Estate Investors or individuals can obtain or renew a five-year residency by purchasing real estate from a developer valued at no less than 200,000 JOD, as appraised by the Department of Lands and Survey. The property must be retained for at least five years without disposal or encumbrance. Residency is issued upon recommendation from the special committee for investors by the Ministry of Interior. Renewal requires continued ownership of the same property or a new property of equivalent value. Conditions and Limitations Jordanian citizenship will not be granted to investors who acquire shares from another investor who previously obtained citizenship based on those same shares. These regulations will apply to a maximum of 500 investors annually, subject to security checks and financial solvency verification. In the event of non-compliance with any conditions, Jordanian citizenship will be withdrawn, or residency canceled. These regulations will undergo review and evaluation every six months.


Jordan News
4 hours ago
- Jordan News
Civil Consumer Corporation Expands Home Delivery Service to 5 Governorates - Jordan News
Civil Consumer Corporation Expands Home Delivery Service to 5 Governorates The Civil Consumer Corporation announced the expansion of its home delivery service, in cooperation with the rapid delivery company "Offerat," to include five governorates starting tomorrow, Thursday. اضافة اعلان Acting Director General of the Corporation, Engineer Issam Al-Jarrah, stated on Monday that one of the main goals of the Corporation's 2025–2027 strategic plan is to expand the home delivery service across several governorates. In addition to the capital, Amman, the selected governorates are Irbid, Zarqa, Balqa, and Madaba. This expansion also responds to numerous citizen requests for the service. Al-Jarrah explained that the Corporation partnered with Offerat to deliver goods to citizens in the mentioned governorates. The company will charge a delivery fee ranging from 1 to 2 dinars, depending on the customer's location. He emphasized that there will be no markup on product prices—items will be delivered at the same price listed in the Corporation's stores. Customers will only pay the delivery fee. He added that the service was launched experimentally at the beginning of June, with several trial runs conducted to avoid potential issues before the official launch. Al-Jarrah urged citizens to report any problems or feedback through the Corporation's official communication channels: the hotline at 4885843 or the Corporation's official Facebook page. He also noted that customers in the mentioned governorates can place orders by downloading the "OFFERAT" app on Android and iOS devices. Al-Jarrah concluded by saying that the Corporation plans to gradually expand the service to the rest of the Kingdom's governorates in the future.


Jordan News
19 hours ago
- Jordan News
Arab Bank Launches Financial Awareness Sessions for Youth in Ma'an and Aqaba in Cooperation with Crown Prince Foundation
Arab Bank, in collaboration with the Crown Prince Foundation, launched a series of financial awareness sessions targeting youth aged 18 to 26 across several governorates in the Kingdom. This initiative is part of the bank's ongoing efforts to enhance financial inclusion and awareness among young people, aligned with its sustainability and social responsibility strategy. اضافة اعلان These sessions aim to equip participants with essential skills and knowledge in personal financial management, enabling them to make sound and informed financial decisions that contribute to improving their living conditions and confidently supporting their future career paths. The sessions were conducted by a team of the bank's financial experts in the governorates of Ma'an and Aqaba. The sessions featured an interactive and practical approach, covering key topics such as the concept and importance of personal financial planning, budgeting, distinguishing between needs and wants, and introducing different types of loans, financial services, and digital products. This collaboration between Arab Bank and the Crown Prince Foundation seeks to achieve a positive and sustainable impact by providing comprehensive training content focused on developing basic financial skills among youth and enhancing their ability to effectively face economic challenges. The Crown Prince Foundation was established in 2015 as a realization of His Royal Highness Crown Prince Al Hussein bin Abdullah II's vision and belief in the capabilities of Jordanian youth. The foundation aims to empower youth and develop their skills through three main workstreams: economic participation, leadership, and sustainable community development, operating across 27 locations throughout the Kingdom, including offices in all governorates.