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www.dfzc.jo. www.dfzc.jo. The Development and Free Zones Regime of Jordan. Fourth Forum for Investment In Free Zones and Development Areas Muscat, Sultanate of Oman 3 rd -4 th December 2011. Presentation Highlights. www.dfzc.jo. Critical National Investment Drivers. www.dfzc.jo.

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slide1

www.dfzc.jo

www.dfzc.jo

The Development and Free Zones Regime of Jordan

Fourth Forum for Investment In Free Zones and Development Areas

Muscat, Sultanate of Oman

3rd-4th December 2011

slide3

Critical National Investment Drivers

www.dfzc.jo

  • National policy on key economic sectors
  • Track record of economic and political stability
  • Transparent and dynamic business environment
  • Geographic location; a transportation and logistics hub
  • Access to major international and regional markets
  • Educated and experienced workforce
  • High quality infrastructure
  • Support and commitment at all governmental levels
slide4

Access to National, International and Regional Markets

www.dfzc.jo

  • Member of the WTO
  • Jordan-US Free Trade Agreement
  • Great Arab Free Trade Agreement
  • Euro-Jordanian Association Agreement
  • Aghadeer Agreement
  • Bilateral Free Trade Agreements with Singapore, Canada and Turkey
  • “Customs Free and Quota Free” Access to 1 Billion Consumer
slide5

Enabling National Policy for Cluster Development

www.dfzc.jo

  • Objectives:
  • - Promote FDI and DDI
  • - Expand Export Potential under Preferential Market Access
  • - Distribute Economic Gains across Sub-national Regions
  • - Create Jobs and local economic benefits
  • Key Economic Clusters:
  • - Dry Port and Logistics
  • - Electricity Generation from Renewable Solar Energy Sources
  • - ICT, Clean Technology and BPO
  • - Eco-tourism and Wellness; Dead Sea and Ajloun
  • - High Value Added Industries
slide6

The Law Provides Total Business Solutions

  • Provide training

The Development and Free Zones as an Investment Enabling Platform

  • Transparent, Proactive, Unified and Streamlined

www.dfzc.jo

  • Generate Jobs
slide7

1.Economic Planning:

  • Harmonizing National Investment Location Map
  • Recommending establishments of new sites

DFZC Roles and Responsibilities

Good Governance and Friendly Interface

www.dfzc.jo

  • 2.Regulating
  • Land zoning, planning and construction permitting
  • Business registration and licensing
  • Environmental management
  • Expatriate workforce permitting
  • 3.Site Management
  • Establishing and regulating Municipal or Common FacilityManagement Regime
  • Managing Master Development Contracts
  • 4.Local Economic Development
  • HR Training & Development
  • SME’s Support
  • Supporting Corporate Social Responsibility
slide8

Corporate Income Tax

  • On income accrued by all business operations conducted within the zone

Tax Exemptions for Development Areas

Automatic and Project Life-Long in exchange of

Preferential Market Access

  • Custom Duties
  • On all capital assets and goods imported for conducting business operations

www.dfzc.jo

5%

  • Sales Tax
  • On all goods and services procured for conducting business operations

0%

  • Social Services Tax
  • On accrued business income
  • Capital Gains Tax

0%

  • No restrictions on Foreign Direct Investment

0%

0%

slide9

Corporate Income & Social Services Tax

  • On income accrued by all business operations conducted within the zone

Tax Exemptions for Free Zones

Preferential Market Access is Restricted

  • Custom Duties
  • On capital assets and production input materials
  • Buildings & Land Tax and Licensing Fees
  • On assets within the zone

www.dfzc.jo

0%

  • Personal Income Tax
  • On salaries and remittances of non-Jordanian employees
  • Full Repatriation of FDI Capital upon Liquidation

0%

0%

0%

slide10

Business Planning, Site Development & Management, Promotion and Marketing

Master Developer’s Roles & Responsibilities

Advanced Municipal Entity

  • Preparing and implementing:
  • - Market Assessment and Business Plans
  • - Master Plan and Infrastructure Engineering Plan
  • - Financing Plan
  • - Marketing and Promotion Plan
  • - Strategic Environmental Assessment Study
  • Managing sub-development agreements with located business
  • Site and Facility Management & Provision of Municipal Services
  • Assuming regulatory powers delegated by DFZC

www.dfzc.jo

slide11

1.Master Developers

Master Development Companies

Public Funds with Long Term Investments Horizon & Opportunities for PPP’s

www.dfzc.jo

  • King Abdullah II Fund For Development
  • Jordan For Development Zones (100% Public)
  • The Investment Unit/Social Security Corporation
  • 2.Master Developers to be Grandfathered within the DFZC Regime
  • Industrial Zones Company
  • Free Zones Company
  • 9 private companies in Private Industrial Zones
  • 35private companies in Private Free Zones
  • Ma’an(Jordan Industrial Estates Corporation,Al-Hussein Bin Talal University)
  • Dead Sea
  • Ajloun
  • Business Park
  • Irbid
  • Mafraq
  • 10%Jordan Armed Forces,5%King Abdullah II Fund For Development, 5% The Hashemite Fund For Development of Jordan Badia
slide12

Level-Playing Field with Additional Room for Performance Based Incentives

Harmonize all Investment Enabling Platforms and Consolidate within a National Vision

www.dfzc.jo

  • More than 8000 businesses
  • More than 85,000 Jobs

61 Sites

6 Development Areas

15 Industrial Zones

40 Free Zones

  • Leading Sectors
  • IT Services
  • Trade & Logistics
  • Tourism
  • Industry
slide14

Development Areas

A Platform to Enable and Spread Investments across Different Regions of Jordan

www.dfzc.jo

مباشرة الهيئة أعمالها في مطلع 2009

slide15

Industrial Estates and Free Zones

Unifying the Regulatory Framework and Removing Existing Distortions

www.dfzc.jo