Bulgarian delegation acquainted with facilities offered to investors

AMMAN — A Bulgarian delegation on Sunday visited the Jordan Investment Commission (JIC) and was acquainted with investment opportunities in the Kingdom.

JIC President Montaser Oqlah briefed the delegation, comprising 35 representatives of commercial and industrial sectors in Bulgaria, on the facilities and incentives the commission offers to foreign investors.

Jordan welcomes all investors — Arabs and non-Arabs — and has adopted several by-laws that make the lives of foreign investors easier, Oqlah said.

“Investments in the Kingdom’s six development areas are subject to a 5 per cent income tax and a 7 per cent sales tax, while they are completely exempt from customs duties,” he highlighted.

The JIC president also told the delegates that Jordan offers investment opportunities in many “vital sectors” such as the IT, medical services, renewable energy, garment and pharmaceutical industries.

“Jordan enables foreign investors to benefit from free trade agreements it has signed with the US and the European Union, in addition to benefiting from the Greater Arab Free Trade Agreement, through which investors can reach more than 1.2 billion consumers,” he added.

The Investment Law stipulates the establishment of an investment window, based within the JIC, which is supposed to provide services to investors and enable them to obtain all necessary licences to start their businesses in the country, Oqlah said.

For their part, the delegates praised the investment climate in the Kingdom and the incentives and facilities provided to investors.

Following the meeting, the delegation visited the Investment Window which houses representatives of various institutions that potential investors may need to see to start their businesses in the Kingdom.