Latest news with #JD500
Zawya
18-03-2025
- Business
- Zawya
Jordan: Investment Ministry issues 2025 instructions for granting investor card
AMMAN: The latest issue of the Official Gazette included the 2025 instructions for granting the investor card in its three categories (A, B, and C) to investors and their family members. These instructions are issued in accordance with Article 17/B of the Investment Environment Law No. 21 of 2022, the Jordan News Agency, Petra, reported. The Ministry of Investment introduced the investor card to streamline administrative procedures at government institutions, granting cardholders priority in completing transactions, accessing high-quality services, and facilitating investment-related processes. The card also ensures smooth entry and movement through Jordan's border crossings and airports. The ministry reserves the right to verify, at any time and through any means deemed appropriate, that the cardholder continues to meet the eligibility requirements. If any conditions are violated, Article 18 of the instructions will apply. Under the new regulations, if an investor card has expired for more than a year, a renewal request will be processed as a first-time issuance. If an investor transfers their card to a new company while it remains valid, it will be reissued for the remaining period. If the card has expired, the application will be treated as a first-time issuance. An investor card (A) is granted by the director of the Investment Services Directorate if the investor's stake in a company's registered capital or total shares across multiple companies amounts to at least JD150,000, provided that the company creates at least 25 jobs for Jordanians or five jobs in the ICT sector. The card is granted if the investor's total shareholding exceeds JD300,000 and the company employs at least 15 Jordanians, or three in the ICT sector. The company must have registered these employees with the Social Security Corporation for at least four months before issuance or renewal. The card is valid for one year upon initial issuance and three years upon first renewal. For the second renewal and beyond, the investor must maintain eligibility for five consecutive years. The minister may, upon the recommendation of the Investment Services Director, issue a category (A) card to investors whose projects do not meet the initial requirements, provided their fixed assets exceed JD1.5 million or their sales, imports, or purchases exceed JD1.5 million, with at least JD500,000 in fixed assets and a minimum of three Jordanian employees. For projects exceeding JD5 million in assets or transactions, with at least JD500,000 in fixed assets and five Jordanian employees, the card will be issued for one year and renewed for three years at a time. The minister also has the discretion to issue up to 50 investor cards annually, maintaining a maximum of 250 active cards at any given time, for individuals with strong investment reputations who are expected to bring new investments to Jordan. A category (B) investor card is issued to Syrian investors with at least JD50,000 in registered capital, provided their company creates six job opportunities for Jordanians. The card is granted by the investment services director and is valid for one year, renewable under the same conditions. The minister may issue a Category (B) card to the chairman or board members of a foreign company that directly invests at least JD50,000 in a Jordanian firm, provided it creates six Jordanian jobs. Companies may receive up to three such cards, depending on their shareholding size. The minister may issue a category (B) investor card based on recommendations from the Syrian Affairs Committee at the Ministry of Interior. A category (C) card may be issued to Syrian investors with at least JD25,000 in registered capital and companies employing at least three Jordanians. The card is valid for one year and is renewable under the same conditions, provided its expiration date does not exceed that of the work permit required by law. This card can also be granted to senior management employees of eligible companies upon request. The instructions mandate that investors requiring work permits must obtain them from the relevant authorities before receiving their Investor Card. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
17-03-2025
- Business
- Jordan Times
Investment Ministry issues 2025 instructions for granting investor card
AMMAN — The latest issue of the Official Gazette included the 2025 instructions for granting the investor card in its three categories (A, B, and C) to investors and their family members. These instructions are issued in accordance with Article 17/B of the Investment Environment Law No. 21 of 2022, the Jordan News Agency, Petra, reported. The Ministry of Investment introduced the investor card to streamline administrative procedures at government institutions, granting cardholders priority in completing transactions, accessing high-quality services, and facilitating investment-related processes. The card also ensures smooth entry and movement through Jordan's border crossings and airports. The ministry reserves the right to verify, at any time and through any means deemed appropriate, that the cardholder continues to meet the eligibility requirements. If any conditions are violated, Article 18 of the instructions will apply. Under the new regulations, if an investor card has expired for more than a year, a renewal request will be processed as a first-time issuance. If an investor transfers their card to a new company while it remains valid, it will be reissued for the remaining period. If the card has expired, the application will be treated as a first-time issuance. An investor card (A) is granted by the director of the Investment Services Directorate if the investor's stake in a company's registered capital or total shares across multiple companies amounts to at least JD150,000, provided that the company creates at least 25 jobs for Jordanians or five jobs in the ICT sector. The card is granted if the investor's total shareholding exceeds JD300,000 and the company employs at least 15 Jordanians, or three in the ICT sector. The company must have registered these employees with the Social Security Corporation for at least four months before issuance or renewal. The card is valid for one year upon initial issuance and three years upon first renewal. For the second renewal and beyond, the investor must maintain eligibility for five consecutive years. The minister may, upon the recommendation of the Investment Services Director, issue a category (A) card to investors whose projects do not meet the initial requirements, provided their fixed assets exceed JD1.5 million or their sales, imports, or purchases exceed JD1.5 million, with at least JD500,000 in fixed assets and a minimum of three Jordanian employees. For projects exceeding JD5 million in assets or transactions, with at least JD500,000 in fixed assets and five Jordanian employees, the card will be issued for one year and renewed for three years at a time. The minister also has the discretion to issue up to 50 investor cards annually, maintaining a maximum of 250 active cards at any given time, for individuals with strong investment reputations who are expected to bring new investments to Jordan. A category (B) investor card is issued to Syrian investors with at least JD50,000 in registered capital, provided their company creates six job opportunities for Jordanians. The card is granted by the investment services director and is valid for one year, renewable under the same conditions. The minister may issue a Category (B) card to the chairman or board members of a foreign company that directly invests at least JD50,000 in a Jordanian firm, provided it creates six Jordanian jobs. Companies may receive up to three such cards, depending on their shareholding size. The minister may issue a category (B) investor card based on recommendations from the Syrian Affairs Committee at the Ministry of Interior. A category (C) card may be issued to Syrian investors with at least JD25,000 in registered capital and companies employing at least three Jordanians. The card is valid for one year and is renewable under the same conditions, provided its expiration date does not exceed that of the work permit required by law. This card can also be granted to senior management employees of eligible companies upon request. The instructions mandate that investors requiring work permits must obtain them from the relevant authorities before receiving their Investor Card. Page 2
Jordan Times
17-03-2025
- Business
- Jordan Times
Labour Ministry receives 106 complaints over minimum wage violations in 2025
According to Article 53 of the Labour Law, establishments that fail to comply with minimum wage regulations are fined between JD500 and JD1,000 per violation (JT file) AMMAN — The Ministry of Labour has received 106 complaints since the beginning of 2025 regarding private sector employers' failure to comply with the minimum wage, Ministry Spokesperson Mohammad Zyoud said on Monday. Zyoud reiterated the ministry's commitment to enforcing minimum wage regulations through inspection campaigns and by addressing complaints submitted through the "Himayah" platform, the Jordan News Agency, Petra, reported. He urged private sector workers who are not receiving the minimum wage to file complaints through the platform, assuring them that reports can be submitted confidentially. The spokesperson also noted that complaints should specifically cite "failure to meet the minimum wage requirement" rather than "non-payment of wages". Zyoud cited Article 46 of the Labour Law, which requires employers to pay wages, including overtime, within seven days of the due date. He also noted that the Tripartite Committee for Labour Affairs' decision to raise the minimum wage took effect at the beginning of 2025, setting it at JD290 per month for all workers, regardless of their method of payment. According to Article 53 of the Labour Law, establishments that fail to comply with minimum wage regulations are fined between JD500 and JD1,000 per violation. Employers must also compensate workers for any wage shortfalls, with penalties doubling for repeat offenses.
Jordan Times
05-03-2025
- Business
- Jordan Times
Senate approves 3 draft laws, refers two back for further review
The Senate approves three draft laws in its Tuesday session, all referred from the Lower House without amendments (Petra photo) AMMAN — The Senate approved three draft laws in its Tuesday session, all referred from the Lower House without amendments. Two bills, the general statistics law and the agricultural risk mitigation fund law, were sent back to their respective committees for further review and study, the Jordan News Agency, Petra, reported. The Senate also approved the amended Jordanian National Building Law, as proposed by the Lower House. The amendments include a recommendation to add a representative from the Public Security Directorate to the Technical Committee for the National Building Code. The amendment aims to enhance the effectiveness of the National Building Council and its Technical Committee, ensuring safer and more efficient building practices. The Senate also passed amendments to the Law on the Regulation of the Surveying Profession and Real Estate Agencies. The amended law sets clear guidelines for surveying practices, real estate valuation, and office regulations. It also outlines classification criteria, licensing fees, and penalties for violations. Individuals found practising without a license face fines ranging from JD1,000 to JD1,500, while those in violation of other provisions could be fined between JD500 and JD1,500. Repeat offenders risk double fines. The Senate approved amendments to the Law on Residence and Foreigners, introducing stricter penalties for foreigners who overstay their residence permits. The revised law imposes a fine of JD45 per month (JD3 per day) for individuals who fail to obtain a temporary residence permit, overstay their permitted stay, or neglect to renew their permits within one month of expiration.
