Top Seven Reasons to Make a Property Move in Jordan

Howayda Alame By Howayda Alame, 21st Apr 2014 | Follow this author | RSS Feed | Short URL http://nut.bz/3vhsbl_y/
Posted in Wikinut>Money>Property

Read this article to know why Jordan is safe for property investments.

Jordan

The Jordanian population is young & aggressive, striving hard to transform Jordon as one of the best places in Middle East. The emerging economy of Jordan is thought to be knowledge economy. You must have lifted your brow to know what ‘Knowledge Economy’ is. Knowledge economy is referred to the economic growth, based on the mainstream knowledge to produce tangible or intangible goods. It is also considered as an economic reconstruction to compete with the global economy.

This article is based on the top reasons why investors should make a property move in Jordan without any hesitation. I’ve enclosed some points below to convince my readers that Jordan is going to be one of the best places in Middle East in next few years. Jordan property is in incubation and is expanding will its entire pace. The common trend of living in villas has changed to apartments. Amman apartment for rent are well designed to cater foreigners in all aspects.

Top reasons to invest in Jordan are as follows:

Strategic Geographic Privilege

Jordan is ideally located at the brink of Europe, Asia and Africa and famous for being a transportation fulcrum of the Middle East. If you belong to a business industry and you are somehow involved in sea transportation, Jordan has good seaways and accessible from Read Sea via seaport of neighboring countries.

No Political Uncertainties:

Jordan is under democratic leads and elected parliament that supports freedom of speech, beliefs and property.

Industry Oriented Economy:

Lately, some of the major legal and structural reforms have been made to establish strong economy, significantly based on outward-oriented policies. Privatization is on peak with an agenda to improve efficiency, growth and turnovers. Government is now making reforms to improve trades, simultaneously cementing for industrial growth.

Exemptions of taxes and Incentives for Investors

There is no income or service tax implementation on investors for a period of 10 years. If there is any requirement, it varies depending upon the project location. Imported fixed assets are completely exempted from custom duties and taxes. Imported Spare parts as fixed assets are also exempted from airport duties, charges or taxes. Hotels and hospitals are allowed to import furniture without any duty at every 7 years’ time, only for renovation purposes. Note that the government of Jordan has exempted tax, custom duties and charges to ensure rapid development and expansion of industrial, property or corporate projects.

Route to International Markets

Jordan offers duty-free access to European markets along with 10 Arab countries via AFTA. It enjoys the privilege of bi-lateral agreement and high-end protocol with 20 different countries. Investors in Jordan avail quota free and duty free access to the US markets via QIZ (Qualifying Industrial Zones). Moreover, Jordan is the member of MIGA (Multi-lateral Investment Guarantee Agency).

Professional & Skilled Human Resources

The literacy rate is 87% and the majority of population is young that are receiving higher education. Thus, Jordan has abundance of competitive workforce to contribute.

Most suitable investment climate

The most important element that I can’t let go untracked is the suitable investment climate of Jordan. No custom duty is charged on imported stuff along with the exemption of service and tax charges for around ten years. Investor’s license can easily be issued. Export revenues are exempted from income taxes.

The seven top elements listed above ensure that the property investment move in Jordan is 100% secure and productive. If you are an investor and you have enough to invest in property business, all you need is to look for some high-end projects to invest and multiply your investment folds.

Tags

Jordan, Property, Real Estate

Meet the author

author avatar Howayda Alame
By profession I am a content writer and have 6 years of experience in writing industry.

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Comments

author avatar bravo charli
22nd Apr 2014 (#)

Jordan is one of best place ever I have visited and your content describe exactly what Jordan has? thanks for this great content Howayda.

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author avatar Howayda Alame
22nd Apr 2014 (#)

Thanks for your comments and liking for my content @bravo Charli

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