Investment Law No.30 of 2014.

This Law consisting of 48 articles divided into VI Chapters aims at (i) leading the economy to stability; (ii) attracting foreign investors; (iii) improving previous initiatives, all this by developing national laws and systems enabling Jordan to meet global market standards. The main provisions of the Law are the following (I) the term Project to describe investor activity in Jordan has been changed to Economic Activity and has expanded the definition such that means any industrial, agricultural, touristic, media, vocational or service activity including Information Technology (art.2); (ii) are expanded the sectors covered by the investment promotion initiatives to include crafts and services; in addition to manufacturing, agriculture, hospitality, healthcare, entertainment cities, research centers, media production, convention centers and events, transport, distribution, and/or extraction of water, gas and oil derivatives using pipelines, air transport, sea transport, and railways. For these sectors, any materials, equipment, or necessary items needed for carrying out the economic activity, whether imported or purchased locally, will be automatically exempt from any customs fees and will be subject to 0% sales tax (art.4); (iii) the Law categorizes deductions on items and materials needed for carrying out the economic activity based on the location of the activity, whether it is within the development zone, the industrial zone, or the free zone. Investors in each area get different benefits. Companies carrying out economic activities in the development and industrial zones will be taxed at a rate of 5% on their income (art.11); (iv) any goods or services, whether imported or local, needed for carrying out the economic activity will be assessed a 0% sales tax, otherwise, the regular sales tax rate will apply if the goods or services are not used for the benefit of the economic activity (art.12); (v) an Investment Window is established with the aim of providing a single point of contact to license economic activities in Jordan and a coordinated mechanism to acquire all the required approvals for investors (arts.15 and 16); (vi) no restrictions shall apply to foreign capital investment amounts within the development zones and/or the free zones (art.30); and (vii) as a general principle, the Law reaffirms that Non-Jordanian investors shall be treated like Jordanian investors (art.41c).