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CEOWORLD magazine - Latest - Special Reports - Report: Jordan Citizenship by Investment Programme, 2023

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Report: Jordan Citizenship by Investment Programme, 2023

Jordan

In February 2018, the Jordanian Nationality Law of 1954 (No. 6 of 1954) saw the introduction of Jordan’s economic citizenship program. This program allows individuals to file applications for citizenship with the Jordan Investment Commission, a body formed in 2014 with the prime intention to stimulate and make easier investment in Jordan.

  • Three investment options
  • Minimum investment amount: US$750,000
  • Application processing time: approximately three months

The completion of Jordan’s CBI program generally requires three months and must receive the endorsement of the Council of Ministers and the King.

Jordan’s Citizenship by Investment Program ranked 12th in the Citizenship By Investment Index, 2023, by the CEOWORLD magazine.

Jordan’s CBI Programme offers three investment options.

  1. BANK DEPOSIT: Minimum US$1 million to be deposited into a non-interest-bearing account, to be held for three years; or a minimum US$1 million investment in treasury bonds, to be held for six years at an interest rate determined by the Central Bank of Jordan.
  2. INVESTMENT IN SECURITIES: Minimum US$1.5 million investment in securities from an active investment portfolio that is held for at least three years.
  3. INVESTMENT IN A PROJECT: US$1 million investment in any project in Jordan, or US$750,000 in projects located in Governorates outside that of Amman; or investment in a project that creates a minimum of 20 local jobs (or ten jobs outside Amman).

Jordan

Jordan’s CBI application process takes approximately three months, and successful applications must obtain approval by Jordan’s Council of Ministers and its monarch. Naturalised citizens are barred from political or diplomatic positions, from any public office, and from becoming members of the state council for a period of ten years from the granting of citizenship.

They are also excluded from participation in municipal or village councils for a period of five years after acquiring citizenship. Loss of citizenship is considered if a person commits or attempts to commit an act to endanger Jordan’s peace and security, or if a person is found to have misrepresented evidence during the naturalisation process.

Jordan is one of Middle East’s fastest-growing economies, and the Programme is well suited to individuals who are
seeking alternative citizenship with the benefits of business and commercial growth in an Arab country.


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CEOWORLD magazine - Latest - Special Reports - Report: Jordan Citizenship by Investment Programme, 2023
Anna Papadopoulos
Anna Papadopoulos is a senior money, wealth, and asset management reporter at CEOWORLD magazine, covering consumer issues, investing and financial communities + author of the CEOWORLD magazine newsletter, writing about money with an enthusiasm unknown to mankind. You can follow CEOWORLD magazine on Twitter, Facebook, Instagram, or connect on LinkedIn for musings on money, wealth, asset management, millionaires, and billionaires. Email her at info@ceoworld.biz.