ARTICLE · 15 JANUARY 1998
Inward Investment
In anticipation of increased foreign commercial activity resulting from the peace process, and in view of the fact that Jordan is considering becoming a signatory to the GATT/WTO, many Jordanian laws are being updated to facilitate and attract local and foreign investment. The Encouragement of Investment Law No. 16 of 1995 (the "Investment Law") became effective upon its publication in the Official Gazette on 16 October, 1995.
The Regulations issued pursuant to the Investment Law stipulate that non-Jordanians may invest up to 100% in the share capital of any project in Jordan with the exception of investment in the following sectors, in which case investment is limited to 50% of the project's share capital:
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