An investor’s wife, along with his single, widowed and/ or divorced daughters who live with him, his children under the age of 18 at the time of submitting the application and his parents (whom he takes care of) are also granted the Jordanian citizenship provided that he fulfills the conditions.
If an investment made is worth more than three million US dollars, the sons of the investor under the age of thirty at the time of submitting the application, and their wives and children will also be granted the Jordanian citizenship, the new amendments indicate.
If an investor is a partner or an owner of an existing project or projects, he will be granted Jordanian citizenship according to the following:
– For projects based in Amman, the average share of an investor in the total value of fixed assets, non-current and intangible assets must be no less than one million US dollars. This amount can be calculated for an existing project or projects according to certified annual budgets for the last three years. An investor must also provide no less than 20 job opportunities for Jordanians within three years, in accordance with the statements of the Social Security Corporation and taking into account the ramifications of the COVID-19 pandemic in 2020, so that half of the required number of employees is approved for said year, in addition to rounding up the number of employees for two separate projects in the capital and any other governorate for the purpose of calculating the numbers of workers on the basis of each governorate.
– As for investments outside Amman, the average share of an investor in the total value of fixed assets, non-current and intangible assets must be no less than 500,000 US dollars. This amount can be calculated for an existing project or projects according to certified annual budgets for the last three years. An investor must also provide no less than 10 job opportunities for Jordanians within three years, in accordance with the statements of the Social Security Corporation.
If a new partner joins the company or if the company was relinquished to a first-degree relative, the Jordanian citizenship is then granted to the new partner/owner, according to the above-mentioned conditions, provided that the share of the investor wishing to obtain citizenship will not be disposed of for a period of three years and that a seizure sign is duly placed.
The new amendments also stipulate that the Jordanian citizenship will not be granted to any investor who newly owned the shares of an investor who had obtained Jordanian citizenship based on those same shares.
Additionally, the new amendments will be applied to only 500 investors annually upon implementing the necessary measures and verifying financial solvency and in accordance with the priority of the application. If any of the conditions are breached, the citizenship will be withdrawn and the residency will be cancelled.
The basis of granting the Jordanian citizenship are not applied post-facto, and will be reviewed and evaluated once every six months.
Source: Independent Press Agency