Q: What are the benefits of investing in any of JIEC’S Industrial Estates?
* Developed Land plots and standard factory building at competitive prices.
* Modern infrastructure and services.
* Bundle of taxes exemption and incentives.
* Wastewater treatment plants.
* A streamlined and simplified registration and licensing procedures through an Investor One-Stop-Shop window. JIEC provides the necessary licenses for industrial projects through the Investors Services Bureau.
* A qualified administrative and technical team to follow up and facilitate the affairs of investors.
* A wide range of services, as detailed below:
|
Services |
Ancillary
|
|
- Customs centers.
|
|
- Innovation center at Al-Hassan industrial estate/ Irbid |
|
- Labor office |
|
- Civil defense and security center |
|
- Banks and temporary entry (bonded) areas |
|
- Free zone |
|
- Fuel station and Maintenance center |
|
- Clearance and transport goods |
|
- Emergency and surgery clinic |
|
- Liaison office for the Ministry of Industry and Trade |
|
- Liaison office for the Royal Scientific Society |
|
- Liaison office for the chambers of industry |
|
- Liaison office for the Jordanian Armed Forces |
|
|
Q: What
are the privileges and exemptions offered of the JIEC law to the industrial
projects within the Industrial Estates?
1. Exemption from income
tax and social services tax for a two-year period as of the date of the
commencement of the production.
2. Exemption from land and building taxes.
3.
Exemption or reduction on most municipalities' fees.
4. Full exemption from taxes and fees on: -
•
Fixed assets of the project.
• Fixed assets necessary for expanding purposes.
• Spare parts for the project.
5. Projects are granted a 10-year exemption from income and social services
taxes pursuant to the law of promotion investment. Respective to the development
area where these projects exist.
|
The development rate |
exemption |
|
Development Area (A) |
25% |
|
Development Area (B) |
50% |
|
Development Area (C) |
75% |
Q: What
are the services provided by Investors Services Bureau (OSS) located in all
industrial Estates?
-- Receiving the new investment requests.
-- Following-up on the formalities of (sale / purchase / lease) of industrial
land and standard factory buildings.
-- Construction licensing.
--
Construction work permits.
-- Water Services.
-- General maintenance.
-- Electricity services.
-- Profession and industry services.
-- Telecommunication services.
-- Internet connection via the investors Services Bureau (OSS).
-- Receive any complaints and comments and following up with the concerned
departments.
Q: What are the rental and selling rates of estates?
Leasing Developed land and
Standard Factory Buildings (SFBs) at Industrial Estates
|
Industrial Estate |
Rental Rate for Developed Land/ m2 annually |
Rental Rate for (SFBs)/ m2 annually |
Selling Price for Developed Land/ m2 |
Selling Price for (SFBs)/ m2 |
|
Abdullah II Ibn Al Hussein Industrial Estate (AIE) |
JD2.5 $3.5 |
JD15 $21.1 |
JD50 $70.5 |
JD 85-110 $120-155 Not including price of land |
|
Al Hassan Industrial Estate (HIE)(QIZ) |
JD 2.5 $3.5 |
JD15 $21.1 |
JD30 $42.3 |
JD 75-100 $ 105.6-140.8 Not including price of land |
|
Al Hussein Bin Abdullah II industrial Estate (HUIE) (QIZ) |
JD 2.5 $3.5 |
JD 15 $21.1 |
JD25 $35.2 |
JD70 $98.6 Not including price of land |
|
Aqaba International Industrial Estate (AIIE) (QIZ) |
$4 |
$23 |
$40 |
$235 |
|
**Al Muwaqar Industrial Estate |
JD 3 $ 4.2 |
-- |
JD 50 $ 70.6 |
-- |
*Prices above are for the first three years of the Estate establishment, starting from January 2006.
**Discounts at Al Muwaqar Industrial Estate Valid Until 31/12/2008
|
Down Payment 50% and installments for 1 year with No interest rate |
Immediate Full Payment |
Payment Method |
|
JD 39 |
JD 37 |
Price per m2 |
Q: What are the procedures and the steps to purchase a standard factory building or a land within the Industrial Estates?
1) The investor is welcomed to visit the Investors Services Bureau (OSS) and fill the land or building purchase request form.
2) The request will be transferred to the Land and Property Directorate for studying and specifying the total value of land or ready building within 48 hours from the date of submission.
3) The investor replies to the acceptance by paying the amount of the required land or (SFB).
4) The Engineering Department will prepare the required documents for the land’s sale. These documents will be submitted to the Land Registration Department related to the Industrial Estate and will then be returned to JIEC management.
5) JIEC contact the Department of Lands and Survey in order to complete the formalities to obtain the approval of the prime minister, in case the
6) Total area of the property is over 50 thousands square meter, to transfer it to legal person (1). Either the sale to a company (Moral Personal), or to a foreign investor.
7) After obtaining the approval, a representative of JIEC will accompany the investor to the Department of Lands and survey for land registration title.
8) JIEC will start with the necessary documentation upon obtaining the clearance of paying the accrued amount.
9) The transfer of ownership will take place after 48 hours from the date of payment.
10)The investor should pay to the Land Registration Department what amounts to 6% from the land value as registration fees.
What kind of information can you provide us with about JIEC?
Our web site
address is www.jiec.com which provides general information about us. We can also
provide the brochure. However if there are more inquiries regarding investing in
any of JIEC estates our dedicated Team can provide assistance to investors.
P.O. Box 17
Amman 11512, Jordan
Tel: 962-6-402-2101
Fax: 962-6-402-1194
www.jiec.com