The Lower House Economic and Investment Committee, headed by MP Khair Abu Sa’ilik, on Sunday continued deliberations of the draft law regulating the investment environment for 2022.
The committee, he noted, seeks to reach agreement on the draft law, which serves and enhances the Kingdom’s investment environment aimed to support national economy and address all investment-related problems.
Abu Sa’ilik and the committee’s members lauded efforts made by the Ministry of Interior and the security apparatuses in providing investor facilitations and their role to preserve and strengthen the Kingdom’s investment climate.
Speaking to highlight government’s procedures to handle investor-related stay issues, Investment Department Director at Ministry of Interior, Basem Dahamsheh said the new instructions maintained validity of the residency permit for a 5-year period, which doesn’t expire after departing the Kingdom by less than 6 months.
Dahamsheh noted the new instructions also granted residency to family of a foreign investor, who obtained a 5-year stay permit, and granted different nationalities a 5-year visa, within specific restrictions, which would benefit businesspeople and investors and use for tourism purposes.
Noting the Ministry of Interior’s “remarkable” cooperation with security departments, he said investor residency transactions are renewed “instantly”.
All investor facilitations seek to enhance the Kingdom’s investment atmosphere and launch businesses countrywide to push national economy and provide job opportunities for Jordanian youth, he pointed out.
Source: Jordan News Agency