Jordan simplified registering and licensing regulations

On 5 August 2017, the Jordan Investment Commission (JIC) simplified regulations to stimulate investment and improve the business environment. The reformed regulations, inter alia, cut down the number of committees needed for investment approval, consolidate a range of licensing procedures, and reduce the time needed to register an investment.

• Type:

  • Entry and establishment (Approval and admission)
  • Promotion and facilitation (Investment facilitation )

• Industry:

  • Not industry specific

• Sources:

  • Jordan Investment Commission, SINGLE SECURITY APPROVAL REPLACES MULTIPLE EXISTING PROCEDURES FOR NEW INVESTORS, https://jic.gov.jo/portal/en/promo-list/single-security-approval-replaces-multiple-existing-procedures-for-new-investors, 05 Aug 2017
  • Economist Intelligence Unit, Jordan Investment Commission eases investment regulations, http://country.eiu.com/article.aspx?articleid=905750674&Country=Jordan&topic=Economy&subtopic=Forecast&subsubtopic=Policy+trends&u=1&pid=135756597&oid=135756597&uid=1, 07 Aug 2017
  • The Jordan Times, Single security approval replaces multiple existing procedures for new investors, http://www.jordantimes.com/news/local/single-security-approval-replaces-multiple-existing-procedures-new-investors, 05 Aug 2017