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JORDAN |
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The investment promotion agency: JIB |
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The Investment Laws of 2003 and Investment Promotion Law of 1995 established the Jordan Investment Board as a governmental body enjoying both financial and administrative independence. Prior to that, investment procedures for exemption were conducted by a department within the Ministry of Industry & Trade. |
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Jordan Investment Board (JIB) |
The creation of this organization came about as a result of the government’s realisation of the importance of increasing foreign direct investment to Jordan, and enhancing local investment in a bid to create new job opportunities, increase national exports, and the need for the transfer of technology..
The Jordan Investment Board is a government institution committed to working with the private sector, to promote Jordan’s diverse investment opportunities. The JIB presents state of the art services for facilitating registration and licensing procedures for projects, and offers all possible simplified procedures to investors:
A one Stop Shop service: a full service assistance package for investors; that consist of, licensing and registration services. Through this service investor can register and license his/her project in Jordan at one place within 14 days.
- Granting financial exemptions; mainly customs fees and sales Taxes, duty exemptions and income tax reduction.
- Offering a wide range of business opportunities that consist of eighty pre-feasibility studies that cover the national strategic sectors; that Jordan maintain a competitive and comparative advantage (Information Technology, Pharmaceuticals, Dead Sea & Mining, Food Sector, Tourism and Entertainment and the Biotechnology sector which is under study).
- Carry on setting marketing themes for Jordan's image building; that include: Advertising in Journals, Video Scripts, Exhibitions, Conducting both Investment & Business Seminars, inviting senior reporters and Direct mail/telemarketing campaigns.
- Policy Advocacy through surveying the private sector's issues and assisting by lobbying with government official channels.
- SMEs support through Entrepreneurship Development Program (EDP), UNIDO.
Website: http://www.jordaninvestment.com
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