1 / 15

www.dfzc.jo

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.

tawana
Download Presentation

www.dfzc.jo

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 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

  2. Presentation Highlights www.dfzc.jo

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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%

  9. 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%

  10. 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

  11. 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

  12. 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

  13. Development Areas A Platform to Enable and Spread Investments across Different Regions of Jordan www.dfzc.jo مباشرة الهيئة أعمالها في مطلع 2009

  14. Industrial Estates and Free Zones Unifying the Regulatory Framework and Removing Existing Distortions www.dfzc.jo

More Related