Inventory of Investment Incentives in...

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Inventory of Investment Incentives in Jordan

A spreadsheet that takes stock of the investment incentives (Tax, Customs, and Financial) offered in

Jordan by the different Government Entities (Jordan Investment Commission, Jordan Ministry of Energy,

Aqaba Special Economic Zone Authority, Jordan Enterprise Development Corporation, and Jordan Loan

Guarantee Corporation).

September 2016

A spreadsheet that takes stock of the investment incentives (Tax, Customs, and Financial) offered in

Jordan by the different Government Entities (Jordan Investment Commission, Jordan Ministry of Energy,

Aqaba Special Economic Zone Authority, Jordan Enterprise Development Corporation, and Jordan Loan

Full Inventory

Incentives by Institution:

JIC Incentives

Free Zones-specific Incentives

ASEZ-specific Incentives

Development Zones-specific Incentives

JLGC Incentives

JEDCO Incentives

Ministry of Energy and Mineral Resources

Incentives by Modality:

Tax Incentives

Customs Incentives

Financial Incentives

# ID Incentive NameBrief Description

(additional details, etc.)

Reference

Typology

(Primary;

Secondary;

Other)

Legal Reference NameLegal Reference (Law section/

Article)

1 JIC_DZ1

Reduced Corporate Income

Tax (CIT) to 5% in

Development Zones for

economic activities

undertaken in the zones

Tax (CIT) to 5% in

economic activities

YPrimary;

secondary

Investment Law 30/2014;

Investment Incentives

Regulation 33/2015; Income

Tax Law 34/2014

Investment Law, Art. 11.A

Inventory of Investment Incentives in Jordan

A. GENERAL INFO B. LEGAL REFERENCE

2 JIC_DZ2

Tax (CIT) to 5% in

Development zones for

income generated from all

manufacturing activities

Corporate Income Tax (CIT)

reduced to 5% for the

income of the Registered

Establishment for the

economic activities in the

industrial sector inside the

Development Zones.

YPrimary;

secondary+F13

Tax Law 34/2014

Investment Law, Art. 11.B

3 JIC_DZ3

exemptions for the profits

from exports for companies

operating inside the

Development Zones

YPrimary;

secondary

Tax Law 34/2014

Investment Law, Art.11D

4 JIC_DZ4

General Sales Tax (GST)

exemption for goods and

services used for business

purposes in Development

exemption for the goods and

services purchased or

imported by the Registered

purpose of its economic

activity inside the

Development Area.

YPrimary;

secondary

Regulation 33/2015

Investment Law, Art. 12

5 JIC_DZ5

Reduced General Sales Tax

(GST) on specific services

offered inside the

Development Zone

The goods and services

originated in the

Development Area sold to

the rest of Jordan are subject

to 7% General Sales Tax

YPrimary;

secondary

Regulation 33/2015

Investment Law Art. 12.E

6 JIC_DZ6

Customs duty exemption

(except on certain goods) for

goods sold inside the

Development Zones

Exemption of customs duties

for the materials, equipment,

machineries and

construction materials used

or constructing, establishing,

equipping and furnishing all

types of projects executed by

these establishments in the

development zone including

the necessary spare parts for

their continuous

maintenance, and the

imported goods for the

development zone to

practice economic activities

or the exported goods

outside the Kingdom

YPrimary;

secondaryInvestment Law 30/2014 Investment Law Art. 12. & 13

7 JEDCO1

JEDCO - Governorate

Development Fund (GDF)

subsidized loans

Governorate Development

Fund: Subsidized loans for

domestic SMEs under

construction and existing

construction projects

(contributions to the capital,

convertible bonds, in kind

shares) using non-traditional

financing tools. Investment

currently takes place using

in kind shares, whereby the

minimum funding of the

fund would be 100.00 JDs,

provided it does not exceed

80% of the total size of the

project. 10% of the annual

net profit is deducted,

provided that the total

deductions of profits does

not exceed 25% of the Fund

funding. The loan is repaid

within a period up to 8 years

including 2 years as a grace

period. The Fund aims to

invest in SMEs and big

companies whether they are

under establishment and

construction or the existing

companies that aim to start

working or expanding in

productive projects (in the

Y Other Cabinet decisionCabinet decision no. 617 dated

3/7/2012

8 JEDCO2

JEDCO - Jordan Innovation

Center Network (JICN) -

Incubators Matching Grant

Start-up can benefit from

incubators in Amman,

Jerash, Irbid, Madaba,

Karak, Tafila providing

business development /

consulting services for

Jordanian start-ups in the

targeted Governorates for

selected sectors. The

incentive mechanism is a

matching grant under the

JICN covers 80% of the

costs for up to 15,000 JOD.

The program is funded by

JEDCO and King Abdullah

II Fund for Development

(KAFD) and administered

by JICN. All projects that

have received a grant shall

be subject to income tax and

stamp duties. In the event of

buying any materials from

abroad, customs duties are

paid by the project owner.

Y PrimaryCorporation Law no. 33 for

the year 2008Article 5, paragraph C

9 MEMR1

Zero-rate General Sales Tax

(GST) for renewable energy

and energy efficiency

sources and energy

conservation systems and

equipment

YPrimary;

secondary

1) Law No. (13) Of 2012

Renewable Energy & Energy

Efficiency Law; 2) Bylaw No

13 of 2015 on the Provisions

and Conditions for

Exempting Renewable

Energy Sources and Energy

Conservation Systems and

Equipment and their

Production Inputs from

Customs Duties and

Subjecting Them to the

Generals Sales Tax of Zero.

1) Law No. (13) Of 2012

Efficiency Law: Article 11.a-b; 2)

Bylaw No 13 of 2015 on the

Provisions and Conditions for

Exempting Renewable Energy

Sources and Energy Conservation

Systems and Equipment and their

Production Inputs from Customs

Duties and Subjecting Them to the

10 MEMR2

Customs duty exemption for

renewable energy and

energy efficiency

Full exemption from

customs duties for

renewable energy sources

and energy conservation

systems and equipment

YPrimary;

secondary

1) Law No. (13) Of 2012

and Conditions for

Exempting Renewable

Energy Sources and Energy

Conservation Systems and

Equipment and their

Production Inputs from

Customs Duties and

1) Law No. (13) Of 2012

Efficiency Law: Article 11.a-b; 2)

Bylaw No 13 of 2015 on the

Provisions and Conditions for

Exempting Renewable Energy

Sources and Energy Conservation

Systems and Equipment and their

Production Inputs from Customs

Duties and Subjecting Them to the

11 JLGC1JLGC - SME Loan

guarantee

Loan guarantee for SMEs.

Maximum loan amount:

100,000 JOD. Max payment

period: 72 months.

Guarantee ratio: 70%

12 JLGC2JLGC - Industrial Loan

guarantee

Industrial loan guarantee:

max loan amount: 550,000

JOD. Max payment period:

96 months. Guarantee ratio:

13 JLGC3JLGC - Capital lease

guarantee

Capital Lease guarantee.

Max loan amount: 550,000.

Max payment period: 96

months. Guarantee ratio:

14 JLGC4JLGC - Entrepreneurship

financing

Entrepreneurship financing:

15 JLGC5JLGC - Real estate loan

guarantee

Real estate guarantee: Max

loan amount: 75,000 JOD.

16 JLGC6JLGC - Land purchase loan

guarantee

Land purchase guarantee:

17 JLGC7JLGC - Export credit

guarantee

Export guarantee: Max

credit amount: 4 million

18 JLGC8JLGC - Domestic credit

guarantee

Domestic guarantee: Max

19 ASEZ1

Customs duty exemption in

Aqaba Special Economic

Zone (ASEZ)

Customs duty exemption on

the imports of goods for

companies established in the

Zone (ASEZ) with the

exception of cars

Y Primary ASEZA Law 32/2000

Article 30 of ASEZA Law and its

amendments no. 32 of the year

20 ASEZ2

exemption in Aqaba Special

Economic Zone (ASEZ)

exemption for imports and

sales of goods and services

for companies established in

the Aqaba Special

21 ASEZ3

Tax (CIT) in Aqaba Special

5% Corporate Income Tax

(CIT) on the profit of

Zone (ASEZ) (instead of the

standard rate of 20% and

14% for industry outside the

Zones)

22 ASEZ4

Building tax exemption in

Zone (ASEZ)

Building tax exemption for

Zone (ASEZ)

23 ASEZ5

Land tax exemption in

Zone (ASEZ)

Land tax exemption for

Zone (ASEZ)

24 ASEZ6

Capital Gains Tax (CGT)

exemption for companies

established in the Aqaba

Special Economic Zone

(ASEZ)

25 JIC_FZ1Customs duty exemption in

Free Zones

Full exemption from custom

duties on the goods exported

form the Free Zones to

markets other than the

Jordanian and on the goods

imported to it including

materials, equipment,

machines, supplies, and

construction materials in

connection with building,

construction, preparation

and furnishing of projects

established in the Free

Zones including spare parts

for permanent maintenance

excluding service fees.

YPrimary;

secondary

Regulation 33/2015

Investment Law Art 14.C

26 JIC_FZ2

exemption on profits in Free

Zones from certain activities

Exemption from CIT on the

profits that come from:

exportation of goods inside

the Free Zones; transit trade;

sale or waver of goods

inside the Free Zones;

provision and supplying of

services inside the Free

Zone (instead of the

standard rate of 20%)

YPrimary;

secondary

Tax Law 34/2014

Investment Law Art 14.A; Income

Tax Law: Art. 78.B

27 JIC_FZ3Exemptions from land taxes

in Free Zones

Full exemption of buildings

and constructions

established in the Free Zone

from land taxes.

YPrimary;

secondary

Regulation 33/2015

Investment Law Art 14.D

28 JIC_FZ4Exemptions from building

taxes in Free Zones

and constructions

established in the Free Zone

from building taxes.

YPrimary;

secondary

Regulation 33/2015

Investment Law Art 14.D

29 JIC_FZ5

Exemption from General

Sales Tax (GST) for services

offered in the Free Zones

Sales Tax (GST) on services

offered inside the Free

YPrimary;

secondary

Regulation 33/2015; Sales

Tax Law 29/2009

Investment Law Art. 12.D; Sales

tax Law: Art. 22

30 JIC_FZ6

Sales Tax (GST) on goods

consumed in the Free Zones

for business purposes

consumed in the Free Zone

YPrimary;

secondary

Tax Law 29/2009

Tax Law: Art. 22

31 JIC1

production inputs for the

industrial and handicraft

sectors

Customs duty exemptions on

sectors for the activities

listed under Tables 1/A and

1/B of the Incentives

Regulation

YPrimary;

secondary

Regulation 33/2015

Investment Law: Art. 4 Para. B;

Incentives Regulation: Tables 1/A

and 1/B

32 JIC2

production requirements and

fixed assets for industrial or

crafts activities outside the

Free Zones and the

Development Zones

Customs duty exemptions

for the industrial and crafts

activities listed under Table

no. 1/C of the Incentives

Regulation

YPrimary;

secondary

Regulation 33/2015

Investment Law, Art. 4 Para. B;

Incentives Regulation: Table 1/C

33 JIC3

the dual-use fixed assets

necessary for practice of

industrial or handicraft

activities outside the Free

Zones and the Development

fixed assets for industrial

and handicraft activities

listed in Table 1/D of the

Incentives Regulation.

YPrimary;

secondary

Regulation 33/2015

Incentives Regulation: Table 1/D

34 JIC4

the goods required for

certain sectors outside the

Free Zones and the

Development Zones

the goods required for the

sectors in Table 3

YPrimary;

secondary

Regulation 33/2015

Incentives Regulation: Table 3

35 JIC5

exemption on production

inputs for manufacturing

and vocational activities

outside the Free Zones and

Development Zones

inputs for manufacturing

listed in Tables 1/B, 1/C,

and 1/D of the incentives

regulation.

YPrimary;

secondary

Regulation 33/2015

Incentives Regulation: Tables 1/B,

1/C and 1/D

36 JIC6

exemption on services

necessary for manufacturing

Development Zones

exemption on services for

manufacturing and

vocational activities listed in

Table 2 of the Incentives

Regulation

YPrimary;

secondary

Regulation 33/2015

37 JIC7

exemption on the goods

required for certain

economic activities outside

the Free Zones and

Development Zones

exemption on the services

and the said vocational

activities stated in the

incentives regulations as per

Regulation

YPrimary;

secondary

Regulation 33/2015

38 JIC8

reduction for 10 years for

least developed regions

reduction of 50% for 10

years for economic activities

established in lest developed

regions (instead of the

Zones)

YPrimary;

secondary

Income Tax Reduction

Regulation in the least

developed regions 44/2016

Investment Law, Art. 5.A and B;

Article 5A of the income tax

reduction regulation in the least

developed regions

39 JIC9

Free Zones and the

Development Zones

sectors in Table 3 of the

Incentives Regulation

YPrimary;

secondary

Regulation 33/2015

40 TAX1Loss carry forward for up to

5 years

Losses approved by the Tax

Authority can be carry

forward for up to 5 years.

Carry back of losses is not

permitted

Y Primary Income Tax Law 34/2014

41 TAX2

Tax (CIT) rate to 14% for

companies in the industrial

sector outside of the Free

Zones and Development

Zones (instead of the

42 TAX3

Exemption from Corporate

Income Tax (CIT) for capital

gains for all economic

activities

Income derived from capital

gains is generally exempted

from taxation, except for

capital gains on assets

subject to depreciation,

intangible assets (e.g.

goodwill) and capital gains

recognized by banks,

primary telecommunication

companies, mining

companies, financial

institutions, financial

brokerage companies,

insurance and reinsurance

companies, and juristic

persons conducting financial

lease activities.

43 JIC_ICT1

the import of goods by firms

in the ICT sector

Exemption from Customs

Duties for the import of

goods stated in Table 2 of

the Decision of JIC

Investment Council no.

1/1/2016 dated 25/1/2016 by

firms in the ICT sector

YPrimary;

secondary

Decision of JIC Investment

Council no. 1/1/2016 dated

25/1/2016

Investment Law/article 8A,

25/1/2016: Tables 1-2

44 JIC_ICT2

Sales Tax (GST) for

imported or locally

purchased goods by firms in

the ICT sector

Sales Tax (GST) for

imported or locally

the ICT sector, for the goods

stated in Table 2 of the

Decision of JIC no. 1/1/2016

dated 25/1/2016

YPrimary;

secondary

25/1/2016

Decision of JIC no 1/1/2016 dated

25/1/2016: Tables 1-2

45 JIC_ICT3

offered by firms in the ICT

sector

sector. Exemption of the

services stated in Table 3 of

the decision of JIC no.

1/1/2016 dated 25/1/2016

YPrimary;

secondary

25/1/2016

25/1/2016: Tables 1 and 3

46 JIC_ICT4

reduction to 5% for firms in

the ICT sector

the ICT sector (instead of

the standard rate of 20%)

YPrimary;

secondary

25/1/2016

25/1/2016: Tables 1-2

47 JIC_ICT5

(GST) for services provided

by firms in the ICT sector

by firms in the ICT sector,

listed in Table 3 attached to

1/1/2016 dated 25/1/2016

YPrimary;

secondary

25/1/2016

25/1/2016: Tables 1 and 3

Category (Tax

/Customs/Fina

ncial)

Applicable

Tax/DutyModality of Incentive

Economy

Wide/Sector-

Specific

SectorNational /

Subnational

Available for

Foreign Investors

Free Zone-specific/Development

Zone-Specific/ASEZ-

Specific/Outside Zones/Inside

and Outside the Zones

Tax CIT Reduced Tax Rate Sector-specific

Any industrial,

agricultural, touristic,

commercial, crafts, or

service activity registered

in the development zone

in addition to IT. The

specific sector depends

on the designation of the

specific Development

Zone. 1) Maan: Light,

Medium and Heavy

Industries; Ceramics;

Plastics; Electrical

Appliances; Renewable

Energy. 2) Jabal Ajloun

and the Dead Sea:

Tourism, Hospitality and

Eco-Tourism. 3) King

Subnational Y Development Zone-specific

C. INCENTIVE DESIGN

Any industrial,

Medium and Heavy

and the Dead Sea:

Tax CIT Tax exemption Sector-specific

All sectors registered in

the Development Zones,

including he following

sectors: industry,

agriculture, tourism,

media, crafts, and

services including IT

Tax GST Tax exemption Sector-specific

Any industrial,

Medium and Heavy

and the Dead Sea:

Hussein Business Park:

Technology and

Business. 4) Mafraq:

Light and Medium

Manufacturing;

Logistics. 5) Irbid: IT,

BPO and Healthcare.

Tax GST Reduced Tax Rate Sector-specific

Any industrial,

Medium and Heavy

and the Dead Sea:

Technology and

Light and Medium

Manufacturing;

BPO and Healthcare.

Customs Customs duty Customs duty exemption Sector-specific

Any industrial,

Medium and Heavy

and the Dead Sea:

Technology and

Light and Medium

Manufacturing;

BPO and Healthcare.

Financial Subsidized loan Sector-specificIndustry, services,

agricultural industrySubnational Y Inside and Outside the Zones

Financial Matching grant Sector-specificFood industries; creative

industries; light industry; Subnational N Inside and Outside the Zones

Tax GST Zero-rate tax Sector-specificRenewable Energy;

Energy EfficiencyNational Y Inside and Outside the Zones

Customs Customs duty Customs duty exemption Sector-specificRenewable Energy;

Energy EfficiencyNational Y Inside and Outside the Zones

Financial Loan guarantee Economywide National Y Inside and Outside the Zones

Financial Loan guarantee Sector-specific Industry and Handicraft National Y Inside and Outside the Zones

Financial Loan guarantee Sector-specific Real estate National Y Inside and Outside the Zones

Customs Customs duty Customs Duty Exemption Sector-specific

Logistics, warehouses,

transportation and

tourism.

Subnational Y ASEZ-specific

transportation and

tourism.

All sectors except for:

banks and financial

institutions, insurance

companies and

reinsurance companies;

and road transport

companies.

Tax Building tax Tax exemption Sector-specific

transportation and

tourism.

Tax Land tax Tax exemption Sector-specific

transportation and

tourism.

Tax CGT Tax exemption Sector-specific

transportation and

tourism.

Automatic Y ASEZ-specific

Depends on the sector

designated for the

specific Free Zone.

Subnational Y Free Zone-specific

Tax CIT Tax exemption Sector-specific

designated for the

specific Free Zone.

Tax Land Tax Tax exemption Sector-specific

designated for the

specific Free Zone.

Tax Building Tax Tax exemption Sector-specific

designated for the

specific Free Zone.

Tax GST Tax exemption Sector-specificFor services offered in

the Free Zones.Subnational Y Free Zone-specific

For goods consumed

inside the Free Zones for

business purposes

Customs Customs duty Customs duty exemption Sector-specific Industry and Handicraft National Y Outside the Zones

Agriculture and

livestock; hospitals and

comprehensive medical

centers; hotels and

tourist facilities;

entertainment and tourist

recreation centers;;

communication centers;

scientific research

centers and scientific

labs; artistic media

production; conference

and exhibition centers;

transport and/or

distribution and/or

extraction water, gas and

oil derivatives using

pipelines; air transport,

sea transport, and

railways.

National Y Outside the Zones

banks,

telecommunications

companies that have

individual licenses,

financial brokerage

companies, and financial

companies including the

companies that practice

exchange, financing and

financial leasing

business, and

consultation & financial

and tax audit companies,

transport companies (air

transport, sea transport,

railways, and road

freight transport),

insurance and

reinsurance companies,

basic mining and

extraction industries,

generation and

distribution of elasticity,

and transport and/or

distribution and/or

extraction of water, gas,

and oil derivatives using

the pipelines.

banks,

telecommunications

companies that have

financial brokerage

financial leasing

business, and

railways, and road

freight transport),

insurance and

basic mining and

generation and

distribution and/or

the pipelines.

Agriculture, cattle,

hospitals and

centers, hotels, and

tourist utilities,

communications centers,

scientific research

centers, labs, media

production, conferences

and exhibitions centers,

railways, and road

freight transport), basic

mining and extraction

industries, distribution ,

distribution and/or

the pipelines.

Tax CIT Reduced Tax Rate Economywide Subnational Y Outside the Zones

Agriculture and

centers; hotels and

tourist facilities;

entertainment and tourist

recreation centers;;

communication centers;

scientific research

centers and scientific

labs; artistic media

production; conference

and exhibition centers;

transport and/or

distribution and/or

sea transport, and

railways.

Tax CIT Loss carry forward Economywide National Y Inside and Outside the Zones

Tax CIT Reduced Tax Rate Sector-specific Industry and Handicraft National Y Outside the Zones

Tax CIT Tax exemption Economywide

goodwill) and capital

gains recognized by

banks, primary

telecommunication

companies, mining

insurance and

and juristic persons

conducting financial

lease activities.

National Y Inside and Outside the Zones

Customs Customs duty Customs duty exemption Sector-specific ICT National Y Inside and Outside the Zones

Tax GST Tax exemption Sector-specific ICT National Y Inside and Outside the Zones

Tax CIT Reduced Tax Rate Sector-specific ICT National Y Inside and Outside the Zones

Tax GST Zero-rate tax Sector-specific ICT national Y Inside and Outside the Zones

Info on the Incentive

Available Online (Y/N)Website (Name)

Website (Web

Incentive

Information

Available in

English (Y/N)

Legal Base

Available in

English (Y/N)

Discretion (automatic;

decision based on public

and objectively verifiable

criteria; discretional)

Discretion (additional

details)

Eligibility Criteria

Specified (Y/N)

Y JIC www.jic.gov.jo N N Automatic

Automatic - By simply

registering at JIC and

obtaining a certificate of

registration, the investor is

given a tax number and a

purchase mechanism and

obtains incentives

automatically

E. INCENTIVE AWARDINGD. INFO on TRANSPARENCY

obtains incentives

automatically

The JIC Technical Committee

on Incentives checks the

compliance of the investor

with the eligibility criteria and

decides the volumes of the

fixed assets and activities to

apply the exemption on.

obtains incentives

automatically

obtains incentives

automatically

Automatic - The investor

applies the incentive

automatically upon satisfying

the specified eligibility

criteria without further

approvals. However, the

investor is still required to

obtain from the customs

representative at the JIC a

hard copy exemption letter

signed. The document is then

showed to the customs

authority at the port in order

to apply the exemption.

Y JEDCO www.jedco.gov.jo Y

Decision based on public

criteria

Projects are assessed and

studied in different phases

(internal and sub-committees)

, and the funding decision is

taken by the Executive

Committee of Governorates

Development Fund emanating

from JEDCO

YJEDCO; Business

Innovation Center

www.jedco.gov.jo

and www.bic.joY Y

criteria

The Technical Committee on

Incentives checks the

compliance with the eligibility

criteria and decides whether

the company can benefit from

the program.

Ministry of

Energy and

Mineral

Resources

(MEMR)

www.memr.gov.jo N N

criteria

The decision is based on the

formation of a technical

ministerial committee for

exemptions. The committee

shall look into the exemptions

application for the renewable

energy sources and its devices

and equipment and exempting

them from duties and subject

them to GST for a certain rate

or zero rate, in accordance

with the provisions of the

regulation and submitting the

suitable recommendation to

the minister to ratify the

decision

Ministry of

Energy and

Mineral

Resources

(MEMR)

www.memr.gov.jo N N

criteria

decision

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y Discretional

Credit study and evaluation of

the application are conducted,

in addition to ensuring that

the purpose of the loan is

meeting the loan guarantee

criteria. When clients submit a

loan guarantee application, it

will be financially analyzed,

then an approved written

letter is provided to the client.

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y Discretional Case by case Y

Jordan Loan

Guarantee

Corporation

(JLGC)

Jordan Loan

Guarantee

Corporation

(JLGC)

Jordan Loan

Guarantee

Corporation

(JLGC)

Jordan Loan

Guarantee

Corporation

(JLGC)

Jordan Loan

Guarantee

Corporation

(JLGC)

1. Providing the names and

requested credit limits for two

buyers.

2. Receiving the approved

credit limits

3. Filling the annex with the

expected turnovers by the

Potential policy holder

4. Providing a Price Offer,

and receiving the acceptance

by the Potential policy holder

5. Preparing and signing the

policy between the two parties

Jordan Loan

Guarantee

Corporation

(JLGC)

N N N Automatic Y

N N N Automatic Automatic Y

Y JIC www.jic.gov.jo Y N Automatic

Automatic - The investor fills

in an electronic form on the

web-portal of the Income and

Sales Tax Department and

obtains a receipt of the

incentive awarding without

further approvals. The

investor is refunded the tax

amount from the Income &

Sales Tax Department within

30 days

Y JIC www.jic.gov.jo Y N

criteria

N JIC www.jic.gov.jo Y N

criteria

services and activities to

Y JIC www.jic.gov.jo Y N

criteria

Automatic with the exception

of the Articles stated in Table

D as they need a committee

30 days

Y JIC www.jic.gov.jo N N

criteria

on Incentives shall look into

any application for the

reduction of the income tax

payable for the activity and

shall issue its decision within

a period not exceeding 30

working days as of the

submission of the application

N JIC www.jic.gov.jo Y N

criteria

services and activities to

Automatic Automatic

Y JIC www.jic.gov.jo N N Discretional

Based on the decision of the

Technical Committee on

Incentives.

JIC Technical Committee on

Incentives.

Eligibility Criteria (description)

Available

Publically (Y/N)

Available in

English (Y/N)

Eligibility

Criteria

Available

Online (Y/N)

Eligibility

Criteria

(web link)

Awarding

Authority (Name)

Application Format

(online/paper)

Average

Length of

Awarding

Process (days)

Investments in Development Areas except

for: Except for: banks, telecommunications

companies that have individual licenses,

financial brokerage companies, and

financial companies including the

companies that practice exchange, financing

and financial leasing business, and

consultation & financial and tax audit

companies, transport companies (air

transport, sea transport, railways, and road

freight transport), insurance and

reinsurance companies, basic mining and

extraction industries, generation and

distribution of elasticity, and transport

and/or distribution and/or extraction of

water, gas, and oil derivatives using the

pipelines.

JIC and Income and

Sales Tax

Department

Online

E. INCENTIVE AWARDING F. INCENTIVE ADMINISTRATION

The industrial sector in the development

zonesY N N

JIC and Income and

Sales Tax

Department

Online

Exports of goods for economic activities

inside the Development ZonesY N N

JIC and Income and

Sales Tax

Department

Online

Goods and services purchased or imported

by the Registered Establishment for the

purpose of its economic activity inside the

Development Area.

JIC and Income and

Sales Tax

Department

Online

GST is collected for a rate of 7% of the

services sales value after selling them for

consumption inside the development zones

JIC and Income and

Sales Tax

Department

Online

Goods offered by registered investors

except the sales of goods subject to the

special sales tax including vehicles,

tobacco, alcohol and beer are subject to the

GST and custom duties collected in Jordan

when sold for consumption in the

Development Area. The goods consumed in

the development areas are subject to the

GST and customs duties unless consumed

for the purpose of the practice of the

economic activity of the Registered

Establishment.

Y N N JIC and Customs

AuthorityPaper

The contribution of the project owner

should not be less than 10% of the project,

provided the remaining funding is made

available. The Jordanian labor should not

be less than 60%. The project owner should

highlight the economic impact of the

project through the added value it

represents in terms of providing new work

opportunities and migrant workers

substitution, and cross-cutting with

different sectors and providing export

opportunities

Y Y Ywww.jedco.g

ov.joJEDCO Paper 3-9 months

Anybody of Jordanian nationality that

mature, adult (above 18), has an idea of an

achievable project economically feasibile.

Enrolment in a training course entitled

"establish your own business".

Implementation of the project in any

governorate except for the Capital and

Zarka. The project should be productive or

service oriented.

www.jedco.g

ov.jo and

www.bic.jo

Jordan Innovation

Centers Network

(JICN)/Business

Incubators

The technical

committee for

incentives

checks the

compliance with

the eligibility

criteria and

decides if the

company can

benefit from the

program

1) Renewable energy sources and energy

conservation systems and equipment

included in Table 1 of Bylaw No 13 of

2015, and 2) for the inputs from the

regulation no 13 for the year 2015

"Exemption provisions and conditions for

renewable energy sources and energy

conservation systems exempting renewable

energy sources systems and equipment and

energy conservation systems and equipment

from customs duties and subjecting them to

the general sales tax at a rate of zero

Y N Ywww.me.mr.

gov.jo

Committee on

exemption from

customs duties and

subjecting to the

general sales tax at a

rate of zero

Within 30 days

of submission of

the complete

application

according to

Article 5 of the

regulation

2015, and 2) Locally produced and

imported products that are considered

production and manufacturing inputs for

conservation systems and equipment in

Table 2 of Bylaw No 13 of 2015. From

Bylaw No 13 of 2015 Article 9 A-B: "The

following conditions shall apply for

exempting renewable energy sources

systems and equipment and energy

conservation systems and equipment from

customs duties and subjecting them to the

general sales tax at a rate of zero: 1. They

shall be new and unused.

2. They shall have the highest energy

efficiency classification according to an

attached sticker label issued by the Jordan

Standards and Metrology Organization

(JSMO) or any reference organization that

it accredits.

3. They shall realize savings not less than

20% of the normal consumption rate of

equivalent traditional non-energy saving

systems and equipment according to a

certificate issued by a local or foreign

specialized testing laboratory that is

accredited by the Jordan Standards and

Metrology Organization (JSMO). B. The

Y N Ywww.me.mr.

gov.jo

Committee on

exemption from

customs duties and

subjecting to the

rate of zero

Within 30 days

of submission of

the complete

application

according to

Article 5 of the

regulation

Life Insurance on the of the borrower/

client; Insurance on the project assetsN Y N

JLGC credit

committeePaper

Maximum two

working days

N Y N JLGC credit

committeePaper

Maximum three

working days

N Y N JLGC credit

committeePaper

Maximum three

working days

Life Insurance of the borrower/ client;

Insurance on the project assetsN Y N

JLGC credit

committeePaper

Maximum two

working days

Life Insurance of the borrowed N Y N JLGC credit

committeePaper

Maximum two

working days

Life Insurance of the borrowed N Y N JLGC credit

committeePaper

Maximum two

working days

• In order to sign a policy it should contain

at least two buyers.

• The Maximum credit limit is 4,000,000$,

with exceptional cases.

• Covering Political and commercial risks.

http://www.jl

gc.com/en/pa

ge/services-

and-programs

PaperMaximum 15

working days

• Covering commercial risk.

http://www.jl

gc.com/en/pa

ge/services-

and-programs

PaperMaximum 15

working days

Granted to companies registered in ASEZ Y N N ASEZA Paper 7

Goods exported form the Free Zones to

markets other than the Jordanian and on the

goods imported to it including materials,

equipment, machines, supplies, and

construction materials in connection with

building, construction, preparation and

furnishing of projects established in the

Free Zones including spare parts for

permanent maintenance excluding service

Y N N JIC and Customs

AuthorityPaper

Profits that come from: exportation of

goods inside the Free Zones; transit trade;

sale or waver of goods inside the Free

Zones; provision and supplying of services

inside the Free Zone.

JIC and Income and

Sales Tax

Department

Online

Buildings and constructions established in

the Free Zone by registered investors.Y N N

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

Services offered inside the Free Zones by

registered investors.Y N N

JIC and Income and

Sales Tax

Department

Online

Profits that come from: exportation of

goods inside the Free Zones; transit trade;

sale or waver of goods inside the Free

Zones; provision and supplying of services

inside the Free Zone.

JIC and Income and

Sales Tax

Department

Online

Production inputs eligible for the incentive

are included in Tables 1/A and 1/B of the

Y N N JIC Paper

Production requirements and fixed assets

for industrial and crafts activities included

in Table 1/C of the Incentives Regulation

Y N N JIC Paper

Production requirements and fixed assets

for industrial and crafts activities included

in Table 1/D of the Incentives Regulation

Y N N JIC Paper

Goods needed to practice the activities

included in Table 3 of the Incentives

Regulation

Y N N JIC Paper

Production inputs and fixed assets of the

manufacturing activities and crafts activities

stated in Tables 1/B, 1/C, and 1/D of the

Incentives Regulation provided it is

registered in GST

JIC and Income and

Sales Tax

Department

Online

Sectors included in Table 2 of the

Incentives RegulationY N N

JIC and Income and

Sales Tax

Department

Online

Services and activities included in Table 3

of the Incentives RegulationY N N

JIC and Income and

Sales Tax

Department

Online

Investments in regions from Investment

Law, Art. 5., Category A of the income tax

reduction regulation in the least developed

regions, based on the categorization of the

region (a,b,c,d)

JIC and Income and

Sales Tax

Department

Online

Regulation

Y N N JIC Paper

Income and Sales

Tax Department

Income and Sales

Tax Department

Income and Sales

Tax Department

Activities and services of the ICT sector

stated in Table 1 of the decision of JIC no

1/1/2016 dated 25/1/2016

Y N N JIC Online

1/1/2016 dated 25/1/2016

Y N N JIC Online

1/1/2016 dated 25/1/2016

Y N N JIC Online

1/1/2016 dated 25/1/2016

Y N N JIC Online

1/1/2016 dated 25/1/2016

Y N N JIC Online

Average Length of Awarding

Process (additional details)

Monitoring

Mechanism

Monitoring

Authority (Name)

Monitoring (additional

details)

Implementing

Authority (Name)

Appeal

Procedure

Appeal Procedure (description)

Immediately after registration at

JIC and obtaining a tax numberY

JIC; Income and

Sales Tax

Authority

On-site visits: Inspection

committees to inspect the

basic and intermediate inputs.

Written reports: detailed

reports documenting activities

and incentives.

JIC and Income

and Sales Tax

Department

The investor can appeal to the Head of

the Investment Commission within 60

days from receiving written decision of

rejection. In case the objection has not

been settled within 15 days, the Head

of the Investment Commission should

refer the objection to the Governmental

Committee formed by the Cabinet to

examine the objections. The

Governmental Committee shall issue a

decision within 30 days of referral of

the objections. The decision of the

Committee may be appealable before

the Supreme Court of Justice. (Source:

Investment Law, Art 18 D-F)

F. INCENTIVE ADMINISTRATION

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC and obtaining the tax numberY

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

1) The investor files the signed

hard-copy application at JIC in 1

day through the Customs

Authority representative at JIC.

2) The investor applies the

customs exemption by showing

the signed authorization at the

YJIC; Customs

Authority

and incentives.

JIC and Customs

Authority

Depends on the readiness of the

project in terms of obtaining the

approvals and licenses and the

availability of experiences to

commence the project works in

the event of obtaining the

approvals and licenses

Y JEDCO

Periodical reports are

submitted to the Royal Court

and the Presidency of the

Fund about the performance

of the Fund

1) Companies submit the paper-

format application by email or in-

person. 2) A Technical

Committee reviews the

application and decides on the

awarding.

Jordan Innovation

Centers Network

(JICN)

The applicant can request information

about the assessment process and its

results and re-apply again

According to Article 5 B of the

regulationY

General Customs

Department, GST

Department

Ministry of Energy

and Mineral

Wealth in

cooperation and

coordination with

the concerned

entities

Article 5 of the Regulation: The

Minister's decision shall be subject to

appeal to the Administrative Court

within 30 days of its notification

regulationY

General Customs

Department, GST

Department

Ministry of Energy

and Mineral

Wealth in

cooperation and

coordination with

the concerned

entities

Risk Management

committee audit

any loan guarantee

application/cases

JLGC Risk

Management

committee and

Internal audit

committee

Decision reconsideration depends on

the additional information sent from

the bank.

* risk management

consultants:

guaranteed amount

50 thousand Dinar

or higher….

*internal auditor:

randomly selected

loan applications

JLGC credit

committee Y By email with further clarification

*risk management

consultants:

guaranteed amount

of 50 thousand JD

or above

*internal auditor:

randomly selected

loan application

JLGC credit

committee Y By email with further clarification

Risk Management

committee audit

any loan guarantee

application/cases

JLGC Risk

Management

committee and

Internal audit

committee

the bank.

Risk Management

committee audit

any loan guarantee

application/cases

JLGC Risk

Management

committee and

Internal audit

committee

the bank.

Risk Management

committee audit

any loan guarantee

application/cases

JLGC Risk

Management

committee and

Internal audit

committee

the bank.

The internal

auditor takes

samples at the end

of each month.

JLGC credit

committee Y

In case of credit limit rejection, we can

reconsider our decision if the potential

policy holder provide us with

additional financial information about

the buyer.

The internal

auditor takes

samples at the end

of each month.

JLGC credit

committee Y

the buyer.

Upon granting the registration

certificates and final approvalsY ASEZA ASEZA

Authority representative at JIC.

2) The investor applies the

customs exemption by showing

the signed authorization at the

YJIC and Customs

Authority

and incentives.

JIC and Customs

AuthorityY

Committee formed by the Investment

Window Regulation no. 32 for the year

2015 to examine the objections. The

1) The investor fills in an

electronic form on the web-portal

of the Income and Sales Tax

Department and obtains a receipt

of the incentive awarding without

further approvals. 2) The investor

is refunded the tax amount from

the Income & Sales Tax

Department within 30 days.

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

Direct implementation takes

place once the needed documents

are presented (exemption letter,

manufacturing formula).

YJIC and Customs

Authority

and incentives.

JIC and Customs

AuthorityY

Window Regulations no. 32 to

the Supreme Court of Justice. This is

addition to the Investor's right to resort

to the administrative judiciary to object

to the rejection decision (Source:

Direct implementation takes

place once the needed documents

are presented (exemption letter,

YJIC and Customs

Authority

and incentives.

JIC and Customs

AuthorityY

Window Regulations no 32 for the

year 2015 to examine the objections.

The Governmental Committee shall

issue a decision within 30 days of

referral of the objections. The decision

of the Committee may be appealable

before the Supreme Court of Justice.

(Source: Investment Law, Art 18 D-F)

1) The investor can file the

signed hard-copy application at

JIC in 1 day through the Customs

Authority representative at the

JIC or by email. 2) The Technical

Committee on Incentives checks

the compliance with the

eligibility criteria and decide the

volumes of the fixed assets and

activities to apply the exemption

on. 3) The investor receives the

exemption letter and applies the

incentive showing the custom

exemption authorization at the

YJIC and Customs

Authority

and incentives.

JIC and Customs

AuthorityY

on. 3) The investor receives

notification and applies the

YJIC and Customs

Authority

and incentives.

JIC and Customs

AuthorityY

2015 , to examine the objections. The

Regarding the articles stated in

table D: 1) The investor fills in

an electronic form on the web-

portal of the Income and Sales

Tax Department and obtains a

receipt of the incentive awarding

without further approvals. 2) The

amount from the Income & Sales

Tax Department within 30 days.

JIC; Income and

Sales Tax

Authority and

Customs

Department

and incentives.

JIC and Income

and Sales Tax

Department and

Customs

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

on. 3) The investor receives

notification and applies the

YJIC and Customs

Authority

and incentives.

JIC and Customs

AuthorityY

Income and Sales

Tax Department

Income and Sales

Tax Department

Income and Sales

Tax Department

JIC and the

Customs

Department

and incentives.

JIC and the

Customs

Department

Window Regulation No. 32 for the

JIC and the

Income Tax and

Sales Tax

Department

and incentives.

JIC and the

Income Tax and

Sales Tax

Department

JIC and the

Income Tax and

Sales Tax

Department

and incentives.

JIC and the

Income Tax and

Sales Tax

Department

JIC and the

Income Tax and

Sales Tax

Department

and incentives.

JIC and the

Income Tax and

Sales Tax

Department

JIC and the

Income Tax and

Sales Tax

Department

and incentives.

JIC and the

Income Tax and

Sales Tax

Department

issue a decision within 30 days of

Budgeted Amount for

Calendar Year X

(local currency)

Awarded amount in

Calendar Year X

(local currency)

Awarded Firms in

Calendar Year X

(number)

Name of Awarded

Firms in Calendar

Year X Available

(Yes - internally;

Yes - externally;

Yes-internally

55 million JOD until the

end of 2016 and

indicative 20 million till

the end of 2018

59 million JOD

Approval to finance 93

projects and to sign

agreements for 57 projects

Yes-internally

112 have benefited

between 2010 and 2015Yes-internally

Yes-internally

# of loan=475

The face

value=16119629 JD

# of loan=475

The face

value=16119629 JD

707 Yes-internally

2015: 17,818,308 JD 2015:13,259,909 JD 71 Yes-internally

2015:6,091,520 JD 2015: 4,213,913 JD 3 Yes-internally

Included in the SME

(above)

Included in the SME

(above)

Included in the SME

(above)Yes-internally

# of loan=32

The face value=2017222

# of loan=32

The face

value=2017222 JD

62 Yes-internally

0 0 0 Yes-internally

50,000,000 JDs 45,275,209.237 JDs 729 Yes-internally

10,000,000 JDs 5,878,942.182 JDs 291 Yes-internally

3788 Yes-internally

Yes-internally

Reference

Typology

(Primary;

Secondary;

Other)

1 JIC_DZ1

Tax (CIT) to 5% in

economic activities

Tax (CIT) to 5% in

economic activities

YPrimary;

secondary

2 JIC_DZ2

Tax (CIT) to 5% in

Development Zones.

YPrimary;

secondary

Inventory of Investment Incentives Under the Jordan Investment Commission (JIC)

3 JIC_DZ3

Development Zones

YPrimary;

secondary

4 JIC_DZ4

activity inside the

Development Area.

YPrimary;

secondary

5 JIC_DZ5

offered inside the

Development Zone

originated in the

YPrimary;

secondary

6 JIC_DZ6

Development Zones

machineries and construction

materials used or

constructing, establishing,

their continuous

development zone to practice

economic activities or the

exported goods outside the

Kingdom

YPrimary;

secondary

7 JIC_FZ1Exemptions from customs

duties in Free Zones

construction, preparation and

furnishing of projects

established in the Free Zones

including spare parts for

permanent maintenance

YPrimary;

secondary

8 JIC_FZ2

sale or waver of goods inside

the Free Zones; provision

and supplying of services

inside the Free Zone (instead

of the standard rate of 20%)

YPrimary;

secondary

in Free Zones

and constructions established

in the Free Zone from land

taxes.

YPrimary;

secondary

taxes in Free Zones

in the Free Zone from

building taxes.

YPrimary;

secondary

11 JIC_FZ5

offered inside the Free Zones

YPrimary;

secondary

12 JIC_FZ6

YPrimary;

secondary

13 JIC1

sectors

Regulation

YPrimary;

secondary

14 JIC2

Free Zones and the

Development Zones

Customs duty exemptions for

the industrial and crafts

Regulation

YPrimary;

secondary

15 JIC3

fixed assets for industrial and

handicraft activities listed in

Table 1/D of the Incentives

Regulation.

YPrimary;

secondary

16 JIC4

Free Zones and the

Development Zones

sectors in Table 3

YPrimary;

secondary

17 JIC5

inputs for manufacturing and

vocational activities outside

the Free Zones and

Development Zones

inputs for manufacturing and

Tables 1/B, 1/C, and 1/D of

the incentives regulation.

YPrimary;

secondary

18 JIC6

Development Zones

manufacturing and

Regulation

YPrimary;

secondary

19 JIC7

the Free Zones and

Development Zones

Regulation

YPrimary;

secondary

20 JIC8

reduction for 10 years for

least developed regions

reduction of 50% for 10

years for economic activities

established in lest developed

regions (instead of the

Zones)

YPrimary;

secondary

21 JIC9

Free Zones and the

Development Zones

YPrimary;

secondary

22 JIC_ICT1

goods by firms in the ICT

sector

the Decision of JIC

1/1/2016 dated 25/1/2016 by

YPrimary;

secondary

23 JIC_ICT2

Sales Tax (GST) for

imported or locally

the ICT sector

Sales Tax (GST) for

imported or locally

the ICT sector, for the goods

stated in Table 2 of the

Decision of JIC no. 1/1/2016

dated 25/1/2016

YPrimary;

secondary

24 JIC_ICT3

sector

sector. Exemption of the

services stated in Table 3 of

1/1/2016 dated 25/1/2016

YPrimary;

secondary

25 JIC_ICT4

the ICT sector

the ICT sector (instead of the

YPrimary;

secondary

26 JIC_ICT5

by firms in the ICT sector

by firms in the ICT sector,

listed in Table 3 attached to

1/1/2016 dated 25/1/2016

YPrimary;

secondary

Article)

Category (Tax

/Customs/Finan

Applicable

Tax/Duty

Tax Law 34/2014

Investment Law, Art. 11.A Tax CIT

Tax Law 34/2014

Investment Law, Art. 11.B Tax CIT

B. LEGAL REFERENCE C. INCENTIVE DESIGN

Tax Law 34/2014

Investment Law, Art.11D Tax CIT

Regulation 33/2015

Investment Law, Art. 12 Tax GST

Regulation 33/2015

Investment Law Art. 12.E Tax GST

Investment Law 30/2014 Investment Law Art. 12. & 13 Customs Customs duty

Investment Law 30/ 2014;

33/2015

Investment Law Art 14.C Customs Customs duty

Tax Law 34/2014

Tax Law: Art. 78.BTax CIT

33/2015

Investment Law Art 14.D Tax Land Tax

33/2015

Investment Law Art 14.D Tax Building Tax

Tax Law 29/2009

tax Law: Art. 22 Tax GST

Tax Law 29/2009

Tax Law: Art. 22 Tax GST

Regulation 33/2015

Incentives Regulation: Tables 1/A

and 1/B

Customs Customs duty

Regulation 33/2015

Incentives Regulation: Table 1/CCustoms Customs duty

Regulation 33/2015

Incentives Regulation: Table 1/DCustoms Customs duty

Regulation 33/2015

Incentives Regulation: Table 3Customs Customs duty

Regulation 33/2015

Incentives Regulation: Tables 1/B,

1/C and 1/D

Tax GST

Regulation 33/2015

Incentives Regulation: Table 2Tax GST

Regulation 33/2015

Income Tax Reduction

Regulation in the least

developed regions 44/2016

Investment Law, Art. 5.A and B;

Article 5A of the income tax

reduction regulation in the least

developed regions

Tax CIT

Regulation 33/2015

Incentives Regulation: Table 3Customs Customs duty

25/1/2016

25/1/2016: Tables 1-2

25/1/2016

25/1/2016: Tables 1-2

Tax GST

25/1/2016

25/1/2016: Tables 1 and 3

Tax GST

25/1/2016

25/1/2016: Tables 1-2

Tax CIT

25/1/2016

25/1/2016: Tables 1 and 3

Tax GST

Modality of Incentive

Economy

Wide/Sector-

Specific

SectorNational /

Subnational

Available for

Foreign Investors

Reduced Tax Rate Sector-specific

Any industrial,

Medium and Heavy

and the Dead Sea:

Subnational Y

Any industrial,

Medium and Heavy

and the Dead Sea:

Subnational Y

C. INCENTIVE DESIGN

Tax exemption Sector-specific

sectors: industry,

media, crafts, and

Subnational Y

Any industrial,

Medium and Heavy

and the Dead Sea:

Technology and

Light and Medium

Manufacturing;

BPO and Healthcare.

Subnational Y

Any industrial,

Medium and Heavy

and the Dead Sea:

Technology and

Light and Medium

Manufacturing;

BPO and Healthcare.

Subnational Y

Customs duty exemption Sector-specific

Any industrial,

Medium and Heavy

and the Dead Sea:

Technology and

Light and Medium

Manufacturing;

BPO and Healthcare.

Subnational Y

designated for the

specific Free Zone.

Subnational Y

designated for the

specific Free Zone.

Subnational Y

designated for the

specific Free Zone.

Subnational Y

designated for the

specific Free Zone.

Subnational Y

Tax exemption Sector-specificFor services offered in

the Free Zones.Subnational Y

For goods consumed

business purposes

Subnational Y

Customs duty exemption Sector-specific Industry and Handicraft National Y

Agriculture and

centers; hotels and tourist

facilities; entertainment

and tourist recreation

centers;; communication

centers; scientific

research centers and

scientific labs; artistic

media production;

conference and

exhibition centers;

transport and/or

distribution and/or

sea transport, and

railways.

National Y

banks,

telecommunications

companies that have

financial brokerage

financial leasing

business, and

railways, and road freight

transport), insurance and

basic mining and

generation and

distribution and/or

the pipelines.

National Y

banks,

telecommunications

companies that have

financial brokerage

financial leasing

business, and

basic mining and

generation and

distribution and/or

the pipelines.

National Y

hospitals and

tourist utilities,

scientific research

transport), basic mining

and extraction industries,

distribution , and

transport and/or

distribution and/or

the pipelines.

National Y

Reduced Tax Rate Economywide Subnational Y

Agriculture and

centers; scientific

media production;

conference and

exhibition centers;

transport and/or

distribution and/or

sea transport, and

railways.

National Y

Customs duty exemption Sector-specific ICT National Y

Tax exemption Sector-specific ICT National Y

Reduced Tax Rate Sector-specific ICT National Y

Zero-rate tax Sector-specific ICT national Y

Zone-Specific/ASEZ-

Website (Web

Incentive

Information

Available in

English (Y/N)

Development Zone-specific Y JIC www.jic.gov.jo N

C. INCENTIVE DESIGN D. INFO on TRANSPARENCY

Free Zone-specific Y JIC www.jic.gov.jo Y

Outside the Zones Y JIC www.jic.gov.jo Y

Outside the Zones N JIC www.jic.gov.jo Y

Outside the Zones Y JIC www.jic.gov.jo Y

Outside the Zones Y JIC www.jic.gov.jo N

Outside the Zones N JIC www.jic.gov.jo Y

Inside and Outside the Zones Y JIC www.jic.gov.jo N

Legal Base

Available in

English (Y/N)

details)

Specified (Y/N)

N Automatic

the specified eligibility criteria

without further approvals.

However, the investor is still

required to obtain from the

customs representative at the

JIC a hard copy exemption

letter signed. The document is

then showed to the customs

authority at the port in order to

apply the exemption.

N Automatic

the specified eligibility criteria

without further approvals.

However, the investor is still

required to obtain from the

customs representative at the

JIC a hard copy exemption

letter signed. The document is

then showed to the customs

D. INFO on TRANSPARENCY E. INCENTIVE AWARDING

N Automatic

services and activities to apply

the exemption on.

N Automatic

30 days

N Automatic

30 days

N Automatic

on Incentives shall look into

any application for the

reduction of the income tax

payable for the activity and

shall issue its decision within

a period not exceeding 30

working days as of the

N Automatic

the exemption on.

N Automatic

Incentives.

N Automatic

Incentives.

N Automatic

Incentives.

N Automatic

Incentives.

N Automatic

Incentives.

criteria

the exemption on.

criteria

N Automatic

The investor fills in an

electronic form on the web-

receipt of the incentive

awarding without further

approvals. The investor is

refunded the tax amount from

Department within 30 days

N Automatic

approvals. 2) The investor is

criteria

The technical committee shall

look into any application for

the reduction of the income

tax payable for the activity

and shall issue its decision

within a period not exceeding

30 working days as of the

criteria

the exemption on.

N Discretional

Incentives.

N Discretional

Incentives.

N Discretional

Incentives.

N Discretional

Incentives.

N Discretional

Incentives.

Available

Publically (Y/N)

Available in

English (Y/N)

Eligibility

Criteria

Available

Online (Y/N)

Eligibility

Criteria

(web link)

freight transport), insurance and reinsurance

companies, basic mining and extraction

industries, generation and distribution of

elasticity, and transport and/or distribution

and/or extraction of water, gas, and oil

derivatives using the pipelines.

zonesY N N

E. INCENTIVE AWARDING

Development Area.

Goods offered by registered investors except

the sales of goods subject to the special

sales tax including vehicles, tobacco,

alcohol and beer are subject to the GST and

custom duties collected in Jordan when sold

for consumption in the Development Area.

The goods consumed in the development

areas are subject to the GST and customs

duties unless consumed for the purpose of

the practice of the economic activity of the

Registered Establishment.

furnishing of projects established in the Free

Zones including spare parts for permanent

maintenance excluding service fees.

Profits that come from: exportation of goods

inside the Free Zones; transit trade; sale or

waver of goods inside the Free Zones;

provision and supplying of services inside

the Free Zone.

Production requirements and fixed assets for

industrial and crafts activities included in

Table 1/C of the Incentives Regulation

Table 1/D of the Incentives Regulation

Regulation

Production inputs and fixed assets of the

manufacturing activities and crafts activities

stated in Tables 1/B, 1/C, and 1/D of the

Incentives Regulation provided it is

registered in GST

Sectors included in Table 2 of the Incentives

RegulationY N N

Investments in regions from Investment

Law, Art. 5., Category A of the income tax

reduction regulation in the least developed

regions, based on the categorization of the

region (a,b,c,d)

Regulation

1/1/2016 dated 25/1/2016

Awarding

Authority (Name)

Application Format

(online/paper)

Average

Length of

Awarding

Process (days)

Monitoring

Mechanism

JIC and Income and

Sales Tax

Department

Online Immediately after registration at

JIC and Income and

Sales Tax

Department

Online Y

JIC and Income and

Sales Tax

Department

JIC and Income and

Sales Tax

Department

JIC and Income and

Sales Tax

Department

JIC and Customs

AuthorityPaper

Authority representative at JIC. 2)

The investor applies the customs

exemption by showing the signed

authorization at the port.

JIC and Customs

AuthorityPaper

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

JIC Paper

Direct implementation takes place

once the needed documents are

presented (exemption letter,

JIC Paper

1) The investor can file the signed

the compliance with the eligibility

criteria and decide the volumes of

the fixed assets and activities to

apply the exemption on. 3) The

investor receives the exemption

letter and applies the incentive

showing the custom exemption

JIC Paper

investor receives notification and

applies the incentive showing the

custom exemption authorization

at the port.

JIC and Income and

Sales Tax

Department

Online

Regarding the articles stated in

table D: 1) The investor fills in an

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

JIC Paper

at the port.

JIC Online Y

Monitoring

Authority (Name)

details)

Implementing

Authority (Name)

Appeal

Procedure (Y/N)

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Customs

Authority

basic and intermediate inputs

on a daily basis.

and incentives.

JIC and Customs

Authority

JIC and Customs

Authority

and incentives.

JIC and Customs

AuthorityY

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC and Customs

Authority

and incentives.

JIC and Customs

AuthorityY

JIC and Customs

Authority

and incentives.

JIC and Customs

AuthorityY

JIC and Customs

Authority

and incentives.

JIC and Customs

AuthorityY

JIC and Customs

Authority

and incentives.

JIC and Customs

AuthorityY

JIC; Income and

Sales Tax

Authority and

Customs

Department

and incentives.

JIC and Income

and Sales Tax

Department and

Customs

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC and Customs

Authority

and incentives.

JIC and Customs

AuthorityY

JIC and the

Customs

Department

and incentives.

JIC and the

Customs

Department

JIC and the Income

Tax and Sales Tax

Department

and incentives.

JIC and the Income

Tax and Sales Tax

Department

JIC and the Income

Tax and Sales Tax

Department

and incentives.

JIC and the Income

Tax and Sales Tax

Department

JIC and the Income

Tax and Sales Tax

Department

and incentives.

JIC and the Income

Tax and Sales Tax

Department

JIC and the Income

Tax and Sales Tax

Department

and incentives.

JIC and the Income

Tax and Sales Tax

Department

Budgeted Amount for

Calendar Year X

(local currency)

Awarded amount in

Calendar Year X

(local currency)

Awarded Firms in

Calendar Year X

(number)

Window Regulations no. 32 to examine

the objections. The Governmental

Committee shall issue a decision within

30 days of referral of the objections.

The decision of the Committee may be

appealable before the Supreme Court of

Justice. This is addition to the

Investor's right to resort to the

administrative judiciary to object to the

rejection decision (Source: Investment

Law, Art 18 D-F)

Window Regulations no 32 for the year

Window Regulation No. 32 for the year

Name of Awarded

Firms in Calendar

Year X Available

(Yes - internally;

Yes - externally;

Yes-internally

(additional details, etc.)Legal Reference (Y/N)

Free Zones

2 JIC_FZ2

Investment Incentives Specific to Investors Inside the Free Zones in Jordan

in Free Zones

taxes.

taxes in Free Zones

building taxes.

5 JIC_FZ5

6 JIC_FZ6

Reference

Typology

(Primary;

Secondary;

Other)

Legal Reference Name Legal Reference (Law section/ Article)

Category (Tax

/Customs/Finan

Primary;

secondary

Regulation 33/2015

Investment Law Art 14.C Customs

Primary;

secondary

Tax Law 34/2014

Investment Law Art 14.A; Income Tax Law: Art. 78.B Tax

Primary;

secondary

Regulation 33/2015

Investment Law Art 14.D Tax

Primary;

secondary

Regulation 33/2015

Investment Law Art 14.D Tax

Primary;

secondary

Tax Law 29/2009

Investment Law Art. 12.D; Sales tax Law: Art. 22 Tax

Primary;

secondary

Tax Law 29/2009

Investment Law Art. 12.D; Sales Tax Law: Art. 22 Tax

Applicable

Economy

Wide/Sector-

Specific

SectorNational /

Subnational

Customs duty Customs duty exemption Sector-specific

designated for the

specific Free Zone.

Subnational

CIT Tax exemption Sector-specific

designated for the

specific Free Zone.

Subnational

C. INCENTIVE DESIGN

Land Tax Tax exemption Sector-specific

designated for the

specific Free Zone.

Subnational

Building Tax Tax exemption Sector-specific

designated for the

specific Free Zone.

Subnational

GST Tax exemption Sector-specificFor services offered in

the Free Zones.Subnational

GST Tax exemption Sector-specific

For goods consumed

business purposes

Subnational

Available for

Foreign Investors

Zone-Specific/ASEZ-

Website (Web

Y Free Zone-specific Y JIC www.jic.gov.jo

Incentive

Information

Available in

English (Y/N)

Legal Base

Available in

English (Y/N)

details)

Y N Automatic

The investor applies the

incentive automatically upon

satisfying the specified

eligibility criteria without

further approvals. However,

the investor is still required to

Y N Automatic

Specified (Y/N)Eligibility Criteria (description)

Available

Publically (Y/N)

Available in

English (Y/N)

the Free Zone.

YBuildings and constructions established in

the Free Zone by registered investors.Y N

YBuildings and constructions established in

the Free Zone by registered investors.Y N

YServices offered inside the Free Zones by

registered investors.Y N

the Free Zone.

Eligibility

Criteria

Available

Online (Y/N)

Eligibility

Criteria

(web link)

Awarding

Authority (Name)

Application Format

(online/paper)

Average

Length of

Awarding

Process (days)

N JIC and Customs

AuthorityPaper

JIC and Income and

Sales Tax

Department

Online

F. INCENTIVE ADMINISTRATIONE. INCENTIVE AWARDING

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

Monitoring

Mechanism

Monitoring

Authority (Name)

details)

Implementing

Authority (Name)

YJIC and Customs

Authority

and incentives.

JIC and Customs

Authority

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

Appeal

Procedure (Y/N) Appeal Procedure (description)

Budgeted Amount for

Calendar Year X

(local currency)

Awarded amount in

Calendar Year X

(local currency)

Awarded Firms in

Calendar Year X

(number)

Name of Awarded

Firms in Calendar

Year X Available

(Yes - internally;

Yes - externally;

Yes-internally

1 JIC_DZ1

Tax (CIT) to 5% in

economic activities

Tax (CIT) to 5% in

economic activities

2 JIC_DZ2

Tax (CIT) to 5% in

Development Zones.

Investment Incentives Specific to Investors Inside the Development Zones in Jordan

3 JIC_DZ3

Development Zones

4 JIC_DZ4

activity inside the

Development Area.

5 JIC_DZ5

offered inside the

Development Zone

originated in the

6 JIC_DZ6

Development Zones

materials used or

their continuous

Kingdom

Reference

Typology

(Primary;

Secondary;

Other)

Article)

Category (Tax

/Customs/Finan

Applicable

Tax/Duty

Primary;

secondary

Tax Law 34/2014

Primary;

secondary

Tax Law 34/2014

Primary;

secondary

Tax Law 34/2014

Primary;

secondary

Tax Law 29/2009

Primary;

secondary

Tax Law 29/2009

Primary;

secondaryInvestment Law 30/2014 Investment Law Art. 12. & 13 Customs Customs duty

Economy

Wide/Sector-

Specific

SectorNational /

Subnational

Available for

Foreign Investors

Any industrial,

in addition to IT

Subnational Y

Any industrial activity

registered in the

development zones

Subnational Y

C. INCENTIVE DESIGN

sectors: industry,

media, crafts, and

Subnational Y

Any industrial,

Medium and Heavy

and the Dead Sea:

Technology and

Light and Medium

Manufacturing;

BPO and Healthcare.

Subnational Y

Any industrial,

Medium and Heavy

and the Dead Sea:

Technology and

Light and Medium

Manufacturing;

BPO and Healthcare.

Subnational Y

Any industrial,

Medium and Heavy

and the Dead Sea:

Technology and

Light and Medium

Manufacturing;

BPO and Healthcare.

Subnational Y

Zone-Specific/ASEZ-

Website (Web

Incentive

Information

Available in

English (Y/N)

Legal Base

Available in

English (Y/N)

details)

Specified (Y/N)

N Automatic

By simply registering at JIC

and obtaining a certificate of

obtains incentives

automatically

N Automatic Y

N Automatic

obtains incentives

automatically

N Automatic

obtains incentives

automatically

N Automatic

Available

Publically (Y/N)

Available in

English (Y/N)

Eligibility

Criteria

Available

Online (Y/N)

Eligibility

Criteria

(web link)

zonesY N N

Development Area.

Awarding

Authority (Name)

Application Format

(online/paper)

Average

Length of

Awarding

Process (days)

Monitoring

Mechanism

JIC and Income and

Sales Tax

Department

JIC and Income and

Sales Tax

Department

Online Y

JIC and Income and

Sales Tax

Department

JIC and Income and

Sales Tax

Department

JIC and Income and

Sales Tax

Department

JIC and Customs

AuthorityPaper

Monitoring

Authority (Name)

details)

Implementing

Authority (Name)

Appeal

Procedure (Y/N)

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Customs

Authority

on a daily basis.

and incentives.

JIC and Customs

Authority

Budgeted Amount for

Calendar Year X

(local currency)

Awarded amount in

Calendar Year X

(local currency)

Awarded Firms in

Calendar Year X

(number)

Name of Awarded

Firms in Calendar

Year X Available

(Yes - internally;

Yes - externally;

Yes-internally

1 ASEZ1

Zone (ASEZ)

exception of cars

2 ASEZ2

the Aqaba Special

3 ASEZ3

Zones)

4 ASEZ4

Zone (ASEZ)

Investment Incentives Specific to Investors Inside the Aqaba Special Economic Zone (ASEZ)

5 ASEZ5

Zone (ASEZ)

6 ASEZ6

(ASEZ)

Reference

Typology

(Primary;

Secondary;

Other)

Article)

Category (Tax

/Customs/Finan

Applicable

Tax/Duty

Primary ASEZA Law 32/2000

Tax GST

Tax CIT

Tax Building tax

Investment Incentives Specific to Investors Inside the Aqaba Special Economic Zone (ASEZ)

Tax Land tax

Tax CGT

Economy

Wide/Sector-

Specific

SectorNational /

Subnational

Available for

Foreign Investors

Customs Duty Exemption Sector-specific

transportation and

tourism.

Subnational Y

transportation and

tourism.

Subnational Y

banks and financial

companies and

and road transport

companies.

Subnational Y

transportation and

tourism.

Subnational Y

C. INCENTIVE DESIGN

transportation and

tourism.

Subnational Y

transportation and

tourism.

Automatic Y

Zone-Specific/ASEZ-

Website (Web

Incentive

Information

Available in

English (Y/N)

ASEZ-specific N N

Legal Base

Available in

English (Y/N)

details)

Specified (Y/N)

N Automatic Y

Available

Publically (Y/N)

Available in

English (Y/N)

Eligibility

Criteria

Available

Online (Y/N)

Eligibility

Criteria

(web link)

Granted to companies registered in ASEZ Y N N

Awarding

Authority (Name)

Application Format

(online/paper)

Average

Length of

Awarding

Process (days)

Monitoring

Mechanism

ASEZA Paper 7Upon granting the registration

certificates and final approvalsY

Monitoring

Authority (Name)

details)

Implementing

Authority (Name)

Appeal

Procedure (Y/N)

ASEZA ASEZA

Budgeted Amount for

Calendar Year X

(local currency)

Awarded amount in

Calendar Year X

(local currency)

Awarded Firms in

Calendar Year X

(number)

Name of Awarded

Firms in Calendar

Year X Available

(Yes - internally;

Yes - externally;

Yes-internally

Reference

Typology

(Primary;

Secondary;

Other)

1 JLGC1 JLGC - SME Loan guarantee

period: 72 months.

guarantee

Investment Incentives Offered by the Jordan Loan Guarantee Corporation (JLGC)

financing

guarantee

Export guarantee: Max credit

amount: 4 million JOD. Max

payment period: 6 months.

Guarantee ratio: 90%.

guarantee

JOD. Max payment period: 4

Article)

Category (Tax

/Customs/Finan

Applicable

Tax/Duty

Financial

Economy

Wide/Sector-

Specific

SectorNational /

Subnational

Available for

Foreign Investors

Loan guarantee Economywide National Y

Loan guarantee Sector-specific Industry and Handicraft National Y

C. INCENTIVE DESIGN

Loan guarantee Sector-specific Real estate National Y

Zone-Specific/ASEZ-

Website (Web

Incentive

Information

Available in

English (Y/N)

Inside and Outside the Zones Y

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Legal Base

Available in

English (Y/N)

details)

Specified (Y/N)

Discretional

in addition to ensuring that the

purpose of the loan is meeting

the loan guarantee criteria.

When clients submit a loan

guarantee application, it will

be financially analyzed, then

an approved written letter is

provided to the client.

Discretional Case by case Y

Discretional case by case Y

Discretional

buyers.

credit limits

4. Providing a Price Offer, and

receiving the acceptance by

the Potential policy holder

Available

Publically (Y/N)

Available in

English (Y/N)

Eligibility

Criteria

Available

Online (Y/N)

Eligibility

Criteria

(web link)

Insurance on the life of the borrower/ client

Life Insurance of the borrowed N Y N

http://www.jl

gc.com/en/pa

ge/services-

and-programs

http://www.jl

gc.com/en/pa

ge/services-

and-programs

Awarding

Authority (Name)

Application Format

(online/paper)

Average

Length of

Awarding

Process (days)

Monitoring

Mechanism

JLGC credit

committeePaper

Maximum two

working days

JLGC credit

committeePaper

Maximum three

working days Y

JLGC credit

committeePaper

Maximum three

working days Y

JLGC credit

committeePaper

Maximum two

working daysY

JLGC credit

committeePaper

Maximum two

working daysY

JLGC credit

committeePaper

Maximum two

working daysY

PaperMaximum 15

working daysY

PaperMaximum 15

working daysY

Monitoring

Authority (Name)

details)

Implementing

Authority (Name)

Appeal

Procedure (Y/N)

Risk Management

committee audit

any loan guarantee

application/cases

JLGC Risk

Management

committee and

Internal audit

committee

* risk management

consultants:

guaranteed amount

50 thousand Dinar

or higher….

*internal auditor:

randomly selected

loan applications

JLGC credit

committee Y

*risk management

consultants:

guaranteed amount

of 50 thousand JD

or above *internal

auditor: randomly

selected loan

application

JLGC credit

committee Y

Risk Management

committee audit

any loan guarantee

application/cases

JLGC Risk

Management

committee and

Internal audit

committee

Risk Management

committee audit

any loan guarantee

application/cases

JLGC Risk

Management

committee and

Internal audit

committee

Risk Management

committee audit

any loan guarantee

application/cases

JLGC Risk

Management

committee and

Internal audit

committee

The internal

auditor takes

samples at the end

of each month.

JLGC credit

committee Y

The internal

auditor takes

samples at the end

of each month.

JLGC credit

committee Y

Budgeted Amount for

Calendar Year X

(local currency)

Awarded amount in

Calendar Year X

(local currency)

Awarded Firms in

Calendar Year X

(number)

the additional information sent from the

# of loan=475

The face

value=16119629 JD

# of loan=475

The face

value=16119629 JD

By email with further clarification 2015: 17,818,308 JD 2015:13,259,909 JD 71

By email with further clarification 2015:6,091,520 JD 2015: 4,213,913 JD 3

Included in the SME

(above)

Included in the SME

(above)

Included in the SME

(above)

# of loan=32

The face

value=2017222 JD

the buyer.

50,000,000 JDs 45,275,209.237 JDs 729

the buyer.

10,000,000 JDs 5,878,942.182 JDs 291

Name of Awarded

Firms in Calendar

Year X Available

(Yes - internally;

Yes - externally;

Yes-internally

Reference

Typology

(Primary;

Secondary;

Other)

1 JEDCO1

JEDCO - Governorate

subsidized loans

domestic SMEs under

currently takes place using in

kind shares, whereby the

minimum funding of the fund

would be 100.00 JDs,

including 2 years as a grace

period. The Fund aims to

invest in SMEs and big

companies whether they are

under establishment and

construction or the existing

companies that aim to start

working or expanding in

productive projects (in the

industrial and services

Y Other

Investment Incentives Offered by Jordan Enterprise Development Corporation (JEDCO)

2 JEDCO2

(KAFD) and administered by

JICN. All projects that have

received a grant shall be

subject to income tax and

Y Primary

Article)

Category (Tax

/Customs/Finan

Applicable

Tax/Duty

Cabinet decisionCabinet decision no. 617 dated

3/7/2012Financial

Investment Incentives Offered by Jordan Enterprise Development Corporation (JEDCO)

Corporation Law no. 33 for

the year 2008Article 5, paragraph C Financial

Economy

Wide/Sector-

Specific

SectorNational /

Subnational

Available for

Foreign Investors

Subsidized loan Sector-specificIndustry, services,

agricultural industrySubnational Y

C. INCENTIVE DESIGN

Matching grant Sector-specificFood industries; creative

industries; light industry; Subnational N

Zone-Specific/ASEZ-

Website (Web

Incentive

Information

Available in

English (Y/N)

Inside and Outside the Zones Y JEDCO www.jedco.gov.jo Y

Inside and Outside the Zones YJEDCO; Business

Innovation Center

www.jedco.gov.jo

and www.bic.joY

Legal Base

Available in

English (Y/N)

details)

Specified (Y/N)

criteria

from JEDCO

criteria

the program.

Available

Publically (Y/N)

Available in

English (Y/N)

Eligibility

Criteria

Available

Online (Y/N)

Eligibility

Criteria

(web link)

available. The Jordanian labor should not be

less than 60%. The project owner should

highlight the economic impact of the project

through the added value it represents in

terms of providing new work opportunities

and migrant workers substitution, and cross-

cutting with different sectors and providing

export opportunities

Y Y Ywww.jedco.g

Of Jordanian nationality, mature, adult,

sane,(above 18) has an idea of an achievable

project, and of an economic feasibility. Has

scientific and technical qualifications in the

field of the project. Enrolment in a training

course entitled "establish your own

business". Implementation of the project in

any governorate except for the Capital and

service oriented.

www.jedco.g

ov.jo and

www.bic.jo

Awarding

Authority (Name)

Application Format

(online/paper)

Average

Length of

Awarding

Process (days)

Monitoring

Mechanism

JEDCO Paper 3-9 months

Jordan Innovation

Centers Network

(JICN)/Business

Incubators

The technical

committee for

incentives

checks the

compliance with

the eligibility

criteria and

decides if the

company can

benefit from the

program

awarding.

Monitoring

Authority (Name)

details)

Implementing

Authority (Name)

Appeal

Procedure (Y/N)

of the Fund

Jordan Innovation

Centers Network

(JICN)

Budgeted Amount for

Calendar Year X

(local currency)

Awarded amount in

Calendar Year X

(local currency)

Awarded Firms in

Calendar Year X

(number)

end of 2016 and

the end of 2018

59 million JOD

112 have benefited

between 2010 and 2015

Name of Awarded

Firms in Calendar

Year X Available

(Yes - internally;

Yes - externally;

Yes-internally

Reference

Typology

(Primary;

Secondary;

Other)

1 MEMR1

and energy efficiency

sources and energy

equipment

YPrimary;

secondary

Investment Incentives Under the Jordan Ministry of Energy and Mineral Resources (MEMR)

2 MEMR2

renewable energy and energy

efficiency

Full exemption from customs

duties for renewable energy

sources and energy

equipment

YPrimary;

secondary

Category (Tax

/Customs/Finan

Applicable

Tax/Duty

1) Law No. (13) Of 2012

and Conditions for Exempting

Renewable Energy Sources

and Energy Conservation

Systems and Equipment and

their Production Inputs from

Customs Duties and

1) Law No. (13) Of 2012

Renewable Energy & Energy Efficiency Law:

Article 11.a-b; 2) Bylaw No 13 of 2015 on the

Provisions and Conditions for Exempting

Renewable Energy Sources and Energy

Conservation Systems and Equipment and their

Production Inputs from Customs Duties and

Subjecting Them to the Generals Sales Tax of

Tax GST

Investment Incentives Under the Jordan Ministry of Energy and Mineral Resources (MEMR)

1) Law No. (13) Of 2012

Customs Duties and

1) Law No. (13) Of 2012

Renewable Energy & Energy Efficiency Law:

Article 11.a-b; 2) Bylaw No 13 of 2015 on the

Provisions and Conditions for Exempting

Renewable Energy Sources and Energy

Conservation Systems and Equipment and their

Production Inputs from Customs Duties and

Subjecting Them to the Generals Sales Tax of

Economy

Wide/Sector-

Specific

SectorNational /

Subnational

Available for

Foreign Investors

Zero-rate tax Sector-specificRenewable Energy;

Energy EfficiencyNational Y

C. INCENTIVE DESIGN

Customs duty exemption Sector-specificRenewable Energy;

Energy EfficiencyNational Y

Zone-Specific/ASEZ-

Website (Web

Incentive

Information

Available in

English (Y/N)

Ministry of

Energy and

Mineral Resources

(MEMR)

www.memr.gov.jo N

Ministry of

Energy and

Mineral Resources

(MEMR)

www.memr.gov.jo N

Legal Base

Available in

English (Y/N)

details)

Specified (Y/N)

criteria

decision

criteria

decision

Available

Publically (Y/N)

Available in

English (Y/N)

Eligibility

Criteria

Available

Online (Y/N)

Eligibility

Criteria

(web link)

2015, and 2) for the inputs from the

regulation no 13 for the year 2015

"Exemption provisions and conditions for

conservation systems exempting renewable

energy sources systems and equipment and

energy conservation systems and equipment

from customs duties and subjecting them to

the general sales tax at a rate of zero

Y N Ywww.me.mr.g

2015, and 2) Locally produced and imported

products that are considered production and

manufacturing inputs for renewable energy

sources and energy conservation systems

and equipment in Table 2 of Bylaw No 13

of 2015. From Bylaw No 13 of 2015 Article

9 A-B: "The following conditions shall

apply for exempting renewable energy

sources systems and equipment and energy

(JSMO) or any reference organization that it

accredits.

Committee may be satisfied with the two

conditions stipulated in Items 1 and 3 of

Y N Ywww.me.mr.g

Awarding

Authority (Name)

Application Format

(online/paper)

Average

Length of

Awarding

Process (days)

Monitoring

Mechanism

Committee on

exemption from

customs duties and

subjecting to the

rate of zero

Within 30 days

of submission of

the complete

application

according to

Article 5 of the

regulation

regulationY

Committee on

exemption from

customs duties and

subjecting to the

rate of zero

Within 30 days

of submission of

the complete

application

according to

Article 5 of the

regulation

regulationY

Monitoring

Authority (Name)

details)

Implementing

Authority (Name)

Appeal

Procedure (Y/N)

General Customs

Department, GST

Department

Ministry of Energy

and Mineral

Wealth in

cooperation and

coordination with

the concerned

entities

General Customs

Department, GST

Department

Ministry of Energy

and Mineral

Wealth in

cooperation and

coordination with

the concerned

entities

Budgeted Amount for

Calendar Year X

(local currency)

Awarded amount in

Calendar Year X

(local currency)

Awarded Firms in

Calendar Year X

(number)

Name of Awarded

Firms in Calendar

Year X Available

(Yes - internally;

Yes - externally;

Yes-internally

Reference

Typology

(Primary;

Secondary;

Other)

1 JIC_DZ1

Tax (CIT) to 5% in

economic activities

Tax (CIT) to 5% in

economic activities

YPrimary;

secondary

2 JIC_DZ2

Tax (CIT) to 5% in

Development Zones.

YPrimary;

secondary

Tax Incentives Available to Investors in Jordan

3 JIC_DZ3

Development Zones

YPrimary;

secondary

4 JIC_DZ4

activity inside the

Development Area.

YPrimary;

secondary

5 JIC_DZ5

offered inside the

Development Zone

originated in the

YPrimary;

secondary

7 ASEZ2

the Aqaba Special

Y Primary

8 ASEZ3

Zones)

Y Primary

9 ASEZ4

Zone (ASEZ)

Y Primary

10 ASEZ5

Zone (ASEZ)

Y Primary

11 ASEZ6

(ASEZ)

Y Primary

12 JIC_FZ2

YPrimary;

secondary

in Free Zones

taxes.

YPrimary;

secondary

taxes in Free Zones

building taxes.

YPrimary;

secondary

15 JIC_FZ5

YPrimary;

secondary

16 JIC_FZ6

YPrimary;

secondary

18 JIC6

Development Zones

manufacturing and

Regulation

YPrimary;

secondary

19 JIC7

the Free Zones and

Development Zones

Regulation

YPrimary;

secondary

21 TAX1Loss carry forward for up to

5 years

Losses approved by the Tax

Authority can be carry

forward for up to 5 years.

Carry back of losses is not

permitted

Y Primary

22 TAX2

Zones (instead of the

Y Primary

23 TAX3

Exemption from Corporate

Income Tax (CIT) for capital

gains for all economic

activities

Income derived from capital

gains is generally exempted

from taxation, except for

goodwill) and capital gains

recognized by banks,

primary telecommunication

companies, mining

insurance and reinsurance

companies, and juristic

persons conducting financial

lease activities.

Y Primary

Article)

Category (Tax

/Customs/Finan

Applicable

Tax/Duty

Tax Law 34/2014

Regulation 33/2015

ASEZA Law 32/2000

Tax GST

ASEZA Law 32/2000

Tax CIT

ASEZA Law 32/2000

Tax Building tax

ASEZA Law 32/2000

Tax Land tax

ASEZA Law 32/2000

Tax CGT

Tax Law 34/2014

Tax Law: Art. 78.BTax CIT

Regulation 33/2015

Investment Law Art 14.D Tax Land Tax

Regulation 33/2015

Investment Law Art 14.D Tax Building Tax

Tax Law 29/2009

tax Law: Art. 22 Tax GST

Tax Law 29/2009

Tax Law: Art. 22 Tax GST

Regulation 33/2015

Income Tax Law 34/2014 Tax CIT

Economy

Wide/Sector-

Specific

SectorNational /

Subnational

Available for

Foreign Investors

Any industrial,

Medium and Heavy

and the Dead Sea:

Subnational Y

Any industrial,

Medium and Heavy

and the Dead Sea:

Subnational Y

C. INCENTIVE DESIGN

sectors: industry,

media, crafts, and

Subnational Y

Any industrial,

Medium and Heavy

and the Dead Sea:

Technology and

Light and Medium

Manufacturing;

BPO and Healthcare.

Subnational Y

Any industrial,

Medium and Heavy

and the Dead Sea:

Technology and

Light and Medium

Manufacturing;

BPO and Healthcare.

Subnational Y

transportation and

tourism.

Subnational Y

banks and financial

companies and

and road transport

companies.

Subnational Y

transportation and

tourism.

Subnational Y

transportation and

tourism.

Subnational Y

transportation and

tourism.

Automatic Y

designated for the

specific Free Zone.

Subnational Y

designated for the

specific Free Zone.

Subnational Y

designated for the

specific Free Zone.

Subnational Y

Tax exemption Sector-specificFor services offered in

the Free Zones.Subnational Y

For goods consumed

business purposes

Subnational Y

banks,

telecommunications

companies that have

financial brokerage

financial leasing

business, and

basic mining and

generation and

distribution and/or

the pipelines.

National Y

hospitals and

tourist utilities,

scientific research

transport), basic mining

and extraction industries,

distribution , and

transport and/or

distribution and/or

the pipelines.

National Y

Loss carry forward Economywide National Y

Reduced Tax Rate Sector-specific Industry and Handicraft National Y

Tax exemption Economywide

goodwill) and capital

gains recognized by

banks, primary

telecommunication

companies, mining

insurance and

and juristic persons

conducting financial

lease activities.

National Y

Zone-Specific/ASEZ-

Website (Web

Incentive

Information

Available in

English (Y/N)

ASEZ-specific N N

Free Zone-specific Y JIC www.jic.gov.jo Y

Outside the Zones Y JIC www.jic.gov.jo N

Inside and Outside the Zones

Outside the Zones

Inside and Outside the Zones

Legal Base

Available in

English (Y/N)

details)

Specified (Y/N)

N Automatic

obtains incentives

automatically

N Automatic

obtains incentives

automatically

N Automatic

obtains incentives

automatically

N Automatic

obtains incentives

automatically

N Automatic Automatic Y

N Automatic

30 days

N Automatic

30 days

N Automatic

30 days

N Automatic

30 days

N Automatic

30 days

N Automatic Automatic Y

Automatic

Automatic Automatic

Available

Publically (Y/N)

Available in

English (Y/N)

Eligibility

Criteria

Available

Online (Y/N)

Eligibility

Criteria

(web link)

zonesY N N

Development Area.

the Free Zone.

Sectors included in Table 2 of the Incentives

RegulationY N N

Awarding

Authority (Name)

Application Format

(online/paper)

Average

Length of

Awarding

Process (days)

Monitoring

Mechanism

JIC and Income and

Sales Tax

Department

JIC and Income and

Sales Tax

Department

Online Y

JIC and Income and

Sales Tax

Department

JIC and Income and

Sales Tax

Department

JIC and Income and

Sales Tax

Department

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

JIC and Income and

Sales Tax

Department

Online

Income and Sales

Tax Department

Income and Sales

Tax Department

Income and Sales

Tax Department

Monitoring

Authority (Name)

details)

Implementing

Authority (Name)

Appeal

Procedure (Y/N)

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

ASEZA ASEZA

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

JIC; Income and

Sales Tax

Authority

and incentives.

JIC and Income

and Sales Tax

Department

Income and Sales

Tax Department

Income and Sales

Tax Department

Income and Sales

Tax Department

Budgeted Amount for

Calendar Year X

(local currency)

Awarded amount in

Calendar Year X

(local currency)

Awarded Firms in

Calendar Year X

(number)

Name of Awarded

Firms in Calendar

Year X Available

(Yes - internally;

Yes - externally;

Yes-internally

Reference

Typology

(Primary;

Secondary;

Other)

1 JIC_DZ6

Development Zones

materials used or

their continuous

Kingdom

YPrimary;

secondary

Customs Incentives Available to Investors in Jordan

2 MEMR2

renewable energy and energy

efficiency

Full exemption from customs

duties for renewable energy

sources and energy

equipment

YPrimary;

secondary

3 ASEZ1

Zone (ASEZ)

exception of cars

Y Primary

4 JIC1

sectors

Regulation

YPrimary;

secondary

5 JIC2

Free Zones and the

Development Zones

Customs duty exemptions for

the industrial and crafts

Regulation

YPrimary;

secondary

6 JIC3

fixed assets for industrial and

handicraft activities listed in

Table 1/D of the Incentives

Regulation.

YPrimary;

secondary

7 JIC4

Free Zones and the

Development Zones

sectors in Table 3

YPrimary;

secondary

8 JIC9

Free Zones and the

Development Zones

YPrimary;

secondary

9 JIC_ICT1

the import of goods by firms

in the ICT sector

the Decision of JIC

1/1/2016 dated 25/1/2016 by

YPrimary;

secondary

Free Zones

YPrimary;

secondary

Investment Law 30/2014 Investment Law Art. 12. & 13

B. LEGAL REFERENCE

1) Law No. (13) Of 2012

Customs Duties and

1) Law No. (13) Of 2012

Renewable Energy & Energy Efficiency Law: Article 11.a-b; 2) Bylaw No 13

of 2015 on the Provisions and Conditions for Exempting Renewable Energy

Sources and Energy Conservation Systems and Equipment and their

Production Inputs from Customs Duties and Subjecting Them to the Generals

Sales Tax of Zero.

ASEZA Law 32/2000 Article 30 of ASEZA Law and its amendments no. 32 of the year 2000

Regulation 33/2015

Investment Law: Art. 4 Para. B; Incentives Regulation: Tables 1/A and 1/B

Regulation 33/2015

Investment Law, Art. 4 Para. B; Incentives Regulation: Table 1/C

Regulation 33/2015

Investment Law, Art. 4 Para. B; Incentives Regulation: Table 1/D

Regulation 33/2015

Investment Law, Art. 4 Para. B; Incentives Regulation: Table 3

Regulation 33/2015

Investment Law, Art. 4 Para. B; Incentives Regulation: Table 3

25/1/2016

Investment Law/article 8A, Decision of JIC Investment Council no. 1/1/2016

dated 25/1/2016: Tables 1-2

Regulation 33/2015

Investment Law Art 14.C

Category (Tax

/Customs/Finan

Applicable

Economy

Wide/Sector-

Specific

Sector

Any industrial,

Medium and Heavy

and the Dead Sea:

Technology and

Light and Medium

Manufacturing;

BPO and Healthcare.

C. INCENTIVE DESIGN

Customs Customs duty Customs duty exemption Sector-specificRenewable Energy;

Energy Efficiency

Customs Customs duty Customs Duty Exemption Sector-specific

transportation and

tourism.

Customs Customs duty Customs duty exemption Sector-specific Industry and Handicraft

Agriculture and

centers; scientific

media production;

conference and

exhibition centers;

transport and/or

distribution and/or

sea transport, and

railways.

Agriculture and

centers; scientific

media production;

conference and

exhibition centers;

transport and/or

distribution and/or

sea transport, and

railways.

Customs Customs duty Customs duty exemption Sector-specific ICT

designated for the

specific Free Zone.

National /

Subnational

Available for

Foreign Investors

Zone-Specific/ASEZ-

Subnational Y Development Zone-specific Y JIC

National Y Inside and Outside the Zones Y

Ministry of

Energy and

Mineral Resources

(MEMR)

Subnational Y ASEZ-specific N

National Y Outside the Zones Y JIC

National Y Outside the Zones N JIC

National Y Inside and Outside the Zones Y JIC

Subnational Y Free Zone-specific Y JIC

Website (Web

Incentive

Information

Available in

English (Y/N)

Legal Base

Available in

English (Y/N)

details)

www.jic.gov.jo N N Automatic

www.memr.gov.jo N N

criteria

decision

N N Automatic

www.jic.gov.jo Y N Automatic

www.jic.gov.jo Y N

criteria

www.jic.gov.jo Y N

criteria

the exemption on.

www.jic.gov.jo Y N

criteria

the exemption on.

www.jic.gov.jo N N Discretional

Incentives.

Specified (Y/N)Eligibility Criteria (description)

Available

Publically (Y/N)

Available in

English (Y/N)

2015, and 2) Locally produced and imported

products that are considered production and

manufacturing inputs for renewable energy

sources and energy conservation systems

and equipment in Table 2 of Bylaw No 13

of 2015. From Bylaw No 13 of 2015 Article

9 A-B: "The following conditions shall

apply for exempting renewable energy

sources systems and equipment and energy

(JSMO) or any reference organization that it

accredits.

Committee may be satisfied with the two

conditions stipulated in Items 1 and 3 of

Y Granted to companies registered in ASEZ Y N

Table 1/C of the Incentives Regulation

Table 1/D of the Incentives Regulation

Regulation

1/1/2016 dated 25/1/2016

Eligibility

Criteria

Available

Online (Y/N)

Eligibility

Criteria

(web link)

Awarding

Authority (Name)

Application Format

(online/paper)

Average

Length of

Awarding

Process (days)

N JIC and Customs

AuthorityPaper

F. INCENTIVE ADMINISTRATIONE. INCENTIVE AWARDING

Ywww.me.mr.g

Committee on

exemption from

customs duties and

subjecting to the

rate of zero

Within 30 days

of submission of

the complete

application

according to

Article 5 of the

regulation

N ASEZA Paper 7

N JIC Paper

N JIC Online

N JIC and Customs

AuthorityPaper

Monitoring

Mechanism

Monitoring

Authority (Name)

details)

Implementing

Authority (Name)

YJIC; Customs

Authority

on a daily basis.

and incentives.

JIC and Customs

Authority

regulationY

General Customs

Department, GST

Department

Ministry of Energy

and Mineral

Wealth in

cooperation and

coordination with

the concerned

entities

YJIC and Customs

Authority

and incentives.

JIC and Customs

Authority

YJIC and Customs

Authority

and incentives.

JIC and Customs

Authority

investor receives the exemption

letter and applies the incentive

showing the custom exemption

YJIC and Customs

Authority

and incentives.

JIC and Customs

Authority

at the port.

YJIC and Customs

Authority

and incentives.

JIC and Customs

Authority

at the port.

YJIC and Customs

Authority

and incentives.

JIC and Customs

Authority

JIC and the

Customs

Department

and incentives.

JIC and the

Customs

Department

YJIC and Customs

Authority

and incentives.

JIC and Customs

Authority

Appeal

Procedure (Y/N) Appeal Procedure (description)

Budgeted Amount for

Calendar Year X

(local currency)

Awarded amount in

Calendar Year X

(local currency)

Window Regulations no. 32 to examine

the objections. The Governmental

Committee shall issue a decision within

30 days of referral of the objections.

The decision of the Committee may be

appealable before the Supreme Court of

Justice. This is addition to the

Investor's right to resort to the

administrative judiciary to object to the

rejection decision (Source: Investment

Law, Art 18 D-F)

Window Regulations no 32 for the year

Awarded Firms in

Calendar Year X

(number)

Name of Awarded

Firms in Calendar

Year X Available

(Yes - internally;

Yes - externally;

Yes-internally

3788 Yes-internally

Yes-internally

Reference

Typology

(Primary;

Secondary;

Other)

1 JEDCO1

JEDCO - Governorate

subsidized loans

domestic SMEs under

currently takes place using in

kind shares, whereby the

minimum funding of the fund

would be 100.00 JDs,

Y Other

Financial Incentives Available to Investors in Jordan

2 JEDCO2

(KAFD) and administered by

JICN. All projects that have

received a grant shall be

subject to income tax and

Y Primary

3 JLGC1 JLGC - SME Loan guarantee

period: 72 months.

guarantee

financing

guarantee

Export guarantee: Max credit

amount: 4 million JOD. Max

payment period: 6 months.

Guarantee ratio: 90%.

guarantee

JOD. Max payment period: 4

Article)

Category (Tax

/Customs/Finan

Applicable

Tax/Duty

Cabinet decisionCabinet decision no. 617 dated

3/7/2012Financial

Corporation Law no. 33 for

the year 2008Article 5, paragraph C Financial

Financial

Economy

Wide/Sector-

Specific

SectorNational /

Subnational

Available for

Foreign Investors

Subsidized loan Sector-specificIndustry, services,

agricultural industrySubnational Y

C. INCENTIVE DESIGN

Matching grant Sector-specificFood industries; creative

industries; light industry; Subnational N

Loan guarantee Sector-specific Industry and Handicraft National Y

Loan guarantee Sector-specific Real estate National Y

Zone-Specific/ASEZ-

Website (Web

Incentive

Information

Available in

English (Y/N)

Inside and Outside the Zones Y JEDCO www.jedco.gov.jo Y

Inside and Outside the Zones YJEDCO; Business

Innovation Center

www.jedco.gov.jo

and www.bic.joY

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Jordan Loan

Guarantee

Corporation

(JLGC)

www.jlgc.com Y

Legal Base

Available in

English (Y/N)

details)

Specified (Y/N)

criteria

from JEDCO

criteria

the program.

Discretional

Discretional case by case Y

Discretional

buyers.

credit limits

4. Providing a Price Offer, and

receiving the acceptance by

the Potential policy holder

Available

Publically (Y/N)

Available in

English (Y/N)

Eligibility

Criteria

Available

Online (Y/N)

Eligibility

Criteria

(web link)

available. The Jordanian labor should not be

less than 60%. The project owner should

highlight the economic impact of the project

through the added value it represents in

terms of providing new work opportunities

and migrant workers substitution, and cross-

cutting with different sectors and providing

export opportunities

Y Y Ywww.jedco.g

Of Jordanian nationality, mature, adult,

sane,(above 18) has an idea of an achievable

project, and of an economic feasibility. Has

scientific and technical qualifications in the

field of the project. Enrolment in a training

course entitled "establish your own

business". Implementation of the project in

any governorate except for the Capital and

service oriented.

www.jedco.g

ov.jo and

www.bic.jo

Insurance on the life of the borrower/ client

Life Insurance of the borrowed N Y N

http://www.jl

gc.com/en/pa

ge/services-

and-programs

http://www.jl

gc.com/en/pa

ge/services-

and-programs

Awarding

Authority (Name)

Application Format

(online/paper)

Average

Length of

Awarding

Process (days)

Monitoring

Mechanism

JEDCO Paper 3-9 months

Jordan Innovation

Centers Network

(JICN)/Business

Incubators

The technical

committee for

incentives

checks the

compliance with

the eligibility

criteria and

decides if the

company can

benefit from the

program

awarding.

JLGC credit

committeePaper

Maximum two

working days

JLGC credit

committeePaper

Maximum three

working days Y

JLGC credit

committeePaper

Maximum three

working days Y

JLGC credit

committeePaper

Maximum two

working daysY

JLGC credit

committeePaper

Maximum two

working daysY

JLGC credit

committeePaper

Maximum two

working daysY

PaperMaximum 15

working daysY

PaperMaximum 15

working daysY

Monitoring

Authority (Name)

details)

Implementing

Authority (Name)

Appeal

Procedure (Y/N)

of the Fund

Jordan Innovation

Centers Network

(JICN)

Risk Management

committee audit

any loan guarantee

application/cases

JLGC Risk

Management

committee and

Internal audit

committee

* risk management

consultants:

guaranteed amount

50 thousand Dinar

or higher….

*internal auditor:

randomly selected

loan applications

JLGC credit

committee Y

*risk management

consultants:

guaranteed amount

of 50 thousand JD

or above *internal

auditor: randomly

selected loan

application

JLGC credit

committee Y

Risk Management

committee audit

any loan guarantee

application/cases

JLGC Risk

Management

committee and

Internal audit

committee

Risk Management

committee audit

any loan guarantee

application/cases

JLGC Risk

Management

committee and

Internal audit

committee

Risk Management

committee audit

any loan guarantee

application/cases

JLGC Risk

Management

committee and

Internal audit

committee

The internal

auditor takes

samples at the end

of each month.

JLGC credit

committee Y

The internal

auditor takes

samples at the end

of each month.

JLGC credit

committee Y

Budgeted Amount for

Calendar Year X

(local currency)

Awarded amount in

Calendar Year X

(local currency)

Awarded Firms in

Calendar Year X

(number)

end of 2016 and

the end of 2018

59 million JOD

112 have benefited

between 2010 and 2015

# of loan=475

The face

value=16119629 JD

# of loan=475

The face

value=16119629 JD

By email with further clarification 2015: 17,818,308 JD 2015:13,259,909 JD 71

By email with further clarification 2015:6,091,520 JD 2015: 4,213,913 JD 3

Included in the SME

(above)

Included in the SME

(above)

Included in the SME

(above)

# of loan=32

The face

value=2017222 JD

the buyer.

50,000,000 JDs 45,275,209.237 JDs 729

the buyer.

10,000,000 JDs 5,878,942.182 JDs 291

Name of Awarded

Firms in Calendar

Year X Available

(Yes - internally;

Yes - externally;

Yes-internally

Inventory of Investment Incentives in...

Documents