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Incentives
and Benefits |
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In addition to
Jordan’s strategic positioning in the region, investors
are presented with a host of benefits that contribute to deeming
the Kingdom an attractive, and ‘business friendly’
investment environment. Prominent among those is access to the
US markets through the US Free Trade Agreement, ratified in 2001.
Duty and quota free access to the US markets is also presented
through the Qualifying Industrial Zones (QIZ), as well as duty
free access to the EU markets. Access to more than 10 Arab countries
is also available through the Arab Free Trade Agreement. Jordan
also enjoys bilateral agreements and favorable protocols with
over 20 countries, and is a member of the Multilateral Investment
Guarantee Agency (MIGA).
A package of incentives and exemptions is also available to encourage
investment in the Kingdom, namely: Projects are exempted from
income and social services tax by 25%, 50%, and 75% for a ten
year period depending on the location and sector of the project.
Imported fixed assets are 100% exempted from customs duties and
taxes, and imported spare parts for fixed assets are exempted
from fees and taxes up to 15% of the total cost of the fixed asset.
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