14 Jul 2019

TAG.Global Issues A Guide to Encourage Foreigners to Invest in Jordan ” AMMAN - Talal Abu-Ghazaleh Global (TAG.Global) recently issued a comprehensive guide for investment in Jordan directed to foreign investors under the name “Doing Business in Jordan, a Comprehensive Guide 2019”, to encourage foreign investors in invest in the Kingdom. HE Dr. Talal Abu-Ghazaleh, Chairman of TAG.Global, pointed out that the Guide outlines the importance of foreign investment in Jordan, and its vital role in both economic recovery and economic development. Dr. Abu-Ghazaleh highlighted the importance of attracting foreign investments to Jordan in the light of the expected economic crisis in 2020, and the advantages and incentives provided by Jordanian laws which encourage the foreign investments in Jordan, especially in the national infrastructure projects. Talal Abu-Ghazaleh Legal (TAG-Legal), a member of Talal Abu-Ghazaleh Global, has undertaken to prepare and publish the Guide. Moreover, TAG-Legal has also prepared a marketing plan to market the Guide in all countries, including Jordan as well as the Jordanian embassies around the world, through its network of offices around the world. The 150-page Guide includes all the important details that investors might need. In its introduction, the Guide sheds the light on the history of Jordan, people, geography, climate, administrative divisions, religion, language, holidays, working hours, time zone, religious symbols , tourism and its types and work environment. The Guide also tackles the judicial and legal systems in Jordan, courts, how to start a business in Jordan, legal entities and registration procedures, development areas and free zones. Furthermore, it explains the details of all licenses required for any investment in Jordan, as well as the benefits of foreign investments, including customs exemptions, tax concessions, investment guarantees, and intellectual property and trademark rights. The Guide also addresses the free trade agreements, such as Free Trade Agreement with Canada, European Cooperation Agreement, Free Trade Agreement with the United States, Competition Law, Market Control System, Tax types, Labor Law, and all related rights and obligations of the employee and employer, environmental law and environmental impact assessment procedures, as well as other important details.