JIC Works to Facilitate Procedures for Investors, Regulation Overhaul

تم نشره في Mon 24 April / Apr 2017. 12:00 AM
  • The Investment Commission - (Archives)

AMMAN — Jordan Investment Commission (JIC) is currently working to overhaul its policies to implement investment-promotion strategy and give investors more facilities, said JIC chief Thabet Elwir.

He said in a meeting organized by the Jordan Chamber of Industry, Sunday, that the goal behind the move is to modify instructions and their respective systems to keep pace with economic developments in the region and beyond.

While indicating that the investment sector would see certain fee waivers and in registration and licensing procedures, Elwir said the private sector would also be engaged in the policy shift in cooperation with the JIC.

He added that the changes to the policies would include instructions and regulations contained in the Investment Law concerning procedures of regulating areas related to the investment process, such as the tax incentives system among others.

Further, he said the JIC was keen to meet investors' demands and follow them up by issuing a set of regulations and strategies.