21 INVESTORS SO FAR HAVE OBTAINED JORDANIAN CITIZENSHIP UNDER JORDAN’S NEW CITIZENSHIP BY INVESTMENT PROGRAM
Would you like to be a citizen of a Middle Eastern country, with a stable political system, a skilled workforce, and a well-developed health sector? If so, the country of Jordan may appeal to you. Citizenship in Jordan apparently has interested others, as on April 21, Jordan’s Minister of State for Investment Affairs Muhannad Shehadeh announced that 21 investors so far have obtained Jordanian citizenship under Jordan’s new citizenship by investment program.
As have many other countries around the world, Jordan enacted a citizenship by investment program in February, 2018. In addition to the 21 foreign investors already approved for Jordanian citizenship, Minister Shehadeh (in comments to “The Jordan Times”) stated, “We currently have a list of 50 applications which are ready to be reviewed”. Most of the Arab investors who have obtained Jordanian citizenship under Jordan’s citizenship by investment program are Syrians and Iraqis, according to Minister Shehadeh.
There are various options for foreigners to become eligible for citizenship under Jordan’s citizenship by investment program. First, you can make a $1,500,000 “zero-interest”, 5 year deposit at the Central Bank of Jordan (CBJ). Second, you can purchase $1,500,000 of treasury bonds at an interest rate to be decided by CBJ, to be held for at least 10 years. Third, you can purchase securities valued at $1,500,000 from an active investment portfolio. Fourth, you can invest $1,000,000 in “SMEs” (small and medium-sized enterprises), to be held for at least 5 years. Fifth, you can make a $2,000,000 investment in any location in Jordan. Sixth, you can make a $1,500,000 investment in a project registered in any governorate (an administrative division) other than Amman if the project creates at least 20 jobs and remains operational for at least 3 years.
Jordan’s citizenship by investment program also allows a qualifying foreign investor to obtain Jordanian citizenship for his spouse, unmarried, widowed or divorced daughters, sons below the age of 18, and dependent parents.
The number of applicants to the citizenship by investment program in Jordan is capped at 500 cases annually.
Jordan also offers a residency by investment program for foreigners who buy property worth at least 200,000 Jordanian Dinars (to be confirmed by the Department of Land and Survey) and do not sell or dispose of it for at least 10 years.
A Jordanian passport can entitle you to visa-free access to over 50 countries.