ARTICLE
22 February 1997

Developments Regarding Foreign Investment

AS
Ali Sharif Zu'bi & Sharif Ali Zu'bi

Contributor

Ali Sharif Zu'bi & Sharif Ali Zu'bi
Jordan Strategy
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Regulation No.1 of 1996 issued pursuant to the Encouragement of Investment Law No.16 of 1995 stipulates that the minimum amount that is to be invested by non-Jordanians in the share capital of any project in Jordan is JD. 100,000, with the exception of investments on the Amman Financial Market, where the minimum investment is set at JD. 1,000.

Recently, the Council of Ministers at its meeting held on 22/2/1997 has resolved to remove the minimum investment requirement that was previously imposed on investments by non-Jordanians pursuant to the said Regulations, i.e. the minimum investment requirement of JD. 100.000. Pursuant to the said Resolution, Jordanian and non-Jordanian investors are now afforded equal treatment with regard to their investment in Jordanian companies.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Ali Sharif Zu'bi & Sharif Ali Zu'bi - Amman, Jordan
Tel: (962) 6 642 908
Fax: (962) 6 634 277
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