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Investment Advantages
The Advantages of Investing in Jordan and the Opportunities and Advantages of Investing in the Phosphate Mines Company
The Hashemite Kingdom of Jordan is distinguished for its investment-friendly environment and modern infrastructure in addition to a robust economic growth, political stability, and safe social environment. The Jordanian economy is considered an attractive economy for foreign investors despite the turbulent surroundings in the region. It is still an attractive destination for investors who look for it as an oasis of peace in an unstable environment. It has been persistent in safeguarding stability, moderation, and security. Jordan must remain one of the most appealing countries for investment whilst laying the grounds for a modern quality life. Jordan is distinguished for its outstanding strategic location and stable political, economic, and judicial system under the pioneering Hashemite leadership.
Advantages of Investing in Jordan
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The strategic location of Jordan as a link among the Levant, the Arab Gulf States, Europe, and Turkey qualifies it to be a hub of the transportation and logistics networks in the region.
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The advanced and modern investment legislation.
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Continuous development of the investment environment by deregulation and facilitation procedures.
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Outreach to international and regional markets via the free trade agreements with significant partners within the international trade sphere.
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Qualified and trained manpower in addition to institutional capacity to develop and train. Jordan has an advanced education system and competent manpower.
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Modern and sophisticated infrastructure.
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Advanced financial and banking sector.
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Jordan has become a lead among countries supporting renewable energy. It ranks first among the Arab countries in terms of the share or renewable energy from the total generated power. Jordan is a lead also in infrastructure of information and telecommunication technology (ICT). Its internet coverage is 99% and an average exceeding 80% spread among the population.
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Abundance and diversified natural resources used in different chemical industries such as:
- Phosphate
- Potash
- Cement
- Oil shale
- Copper and silica…etc.
10. Granting many exemptions and incentives in the developmental zones including:
- A tax of 5% is imposed on the income of firms registered in emerging developmental zones from the manufacturing activities where the value added is (30%) minimum.
- A tax of 10% is imposed on the income of a firm registered in the developmental zones for the other projects and activities.
- Exempting items, equipment, machines, supplies and construction materials used in building, establishing, supplying and furnishing all types of projects that firms establish in developmental zones. This exemption includes spare parts needed for the regular maintenance of equipment, machines and appliances. In addition, the goods imported to the developmental zone to do economic activities or those exported from the zone are exempted from customs duties except for the fees of exports, fees of services, and due wages.
- Goods produced or manufactured in the developmental zone and fulfill the requirement of Jordanian origin for customs duties, and other fees and taxes when releasing them for consumption on the local market.
- The goods and services that the registered firm procures or imports for the purposes of doing its economic activity within the developmental zone incurs a zero general sales tax.
- A sales tax of 7% of the amount of selling or supplying services identified upon a bylaw is collected when selling or supplying these services for consumption in the developmental zone.
- The general sales tax, customs duties, and goods consumed in the zone are incurred unless their consumption by the registered firm is for the purposes of exercising its economic activity.
- Exemption from sales tax for the handling and transport machinery set for transporting ten people or more including the driver. Such machinery is sold to the registered firm for the purposes of transporting workers from and to the operation premises of this firm in zone.
Advantages of Investment in Jordan Phosphate Mines Company:
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The high quality of phosphate in Jordan which is considered among the best types of phosphate worldwide as it contains very low ratios of heavy elements and the high ration of phosphoric component TCP.
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Jordan Phosphate Mines Company has its own ports to export phosphate and its products.
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Jordan is close countries exporting sulfur and ammonia in addition to many raw materials used in fertilizer manufacturing.