Total Volume | Total Cost |
1 CBM | £175.00 |
5 CBM | £440.00 |
10 CBM | £780.00 |
Notes
Notes:
Jordan has a strategic position at the heart of the Levant. It is politically stable, with an open business environment. The region attracts more £1 billion worth of UK exports.
Benefits for UK businesses exporting to Jordan include:
Strengths of the Jordanian market include:
Doing business in Jordan comes with a few challenges.
Changes of parliament tend to take place every couple of years which leads to changing ministers who will often alter policy and amend regulations. It is advisable to always ask for the latest version of laws and regulations.
Companies setting up in Jordan should be aware of the risks of getting established with the wrong partner. It can be very difficult and expensive to part ways and Jordanian courts will usually come down on the side of the local partner. Going to arbitration can take months and will also prove costly.
Companies should also be aware of delays in payment.
Growth of 3.1% in Gross Domestic Product (GDP) and 2.9% inflation is forecast for 2015.
Jordan economy is among the most open in the Middle East. The authorities have implemented structural reforms to develop the private sector.
Unemployment rate reached 14% in 2014.
Priority sectors for economic development include:
Jordan has policy of open trade links and has signed a number of free trade agreements. The agreements are with:
Jordan is a hub for doing business in Iraq. Most of the largest Iraqi companies have their base in Amman and it can be an ideal location to conduct business for UK companies unable to travel into Iraq. Many foreign companies who operate in Iraq also base their offices in Amman.
UK exports to Jordan reached £200 million in 2014.
The top 3 UK exports to Jordan include:
Other major exports from the UK to Jordan include:
DIT provides free international export sales leads from its worldwide network. Search for export opportunities.
Jordan is recognised throughout the region as a leader in the provision of healthcare. Existing hospitals are currently expanding and renovating their facilities, while new private and public sector facilities continue to be established.
The Middle East’s leading cancer centre is based in Jordan’s capital, Amman. Specialist centres for illnesses such as diabetes are increasingly being developed.
Jordan has also been classified as the number one destination in the Middle East for medical tourism and ranks fifth worldwide.
Opportunities for UK businesses include:
ICT is the third largest contributor to Jordan’s economy, with revenues accounting for 14% of total gross domestic product (GDP).
Opportunities for UK businesses include:
Jordan’s energy sector is rapidly developing to meet government targets. These are designed to reduce the country’s reliance on external energy sources and introduce more widespread use of renewable energy.
There are also plans to develop the refined products sector which has the potential to make the Kingdom an important location for regional energy integration. Jordan has set out plans to have a fully operational nuclear power facility with a generation capacity of 1,000 Mega Watt (MW).
Opportunities for UK companies include:
Education represents a major source of investment, with more than 70% of Jordan’s population under the age of 30 and a relatively high population growth rate.
Both state and private universities are keen on international collaboration agreements with UK universities. Opportunities are available for general collaborations, such as the one with Lancaster University. More specific collaborations include opportunities for Research and Development (R&D), such as Cambridge University Institute of Biotechnology’s recent partnership with a local biotech company.
Opportunities for UK companies include:
Setting up a business in Jordan is facilitated by the Companies Control Department at the Ministry of Industry and Trade. 100% foreign investment is allowed in most industries. Activities in the defence and security industries would need to be cleared by the relevant authorities.
There are several ways you can do business in Jordan:
Foreign investment has contributed greatly to the modernisation of the Jordanian economy. A number of incentives and tax exemptions are applicable to foreign investment depending on the sector involved and size of investment, under the Investment Law.
The newly established Jordan Investment Commission can advise on whether a particular investment would be considered under this law.
Contact the DIT team in Jordan to help find tax and legal advisers before entering into agreements.
The Jordan Institution for Standards and Metrology is the official body in Jordan for issuing and ensuring companies adhere to Jordanian Standards.
Local importers are responsible for informing foreign suppliers of any applicable labelling requirements.
All labelling and safety instructions should be in Arabic. Production and expiry dates must be printed on the original label or on the container by the manufacturer.
Registration of copyright, patents and trademarks is required. Copyrights are registered at the National Library and patents are registered with the Registrar of Patents and Trademarks which is part of Jordan’s Ministry of Industry and Trade.
It should be noted that the current standards of IP protection in Jordan can be problematic in some areas. DIT recommends consulting with a law firm specialised in Intellectual Property Rights to confirm if there are particular products that may be at risk.
The Ministry of Finance provides more information and a breakdown of the taxes.
The general VAT rate in Jordan is currently 16%.
The corporate tax rate in Jordan is 14 to 30%.
The income tax rate in Jordan is 14%.
Customs tariffs on different products and commodities can be found on the Customs Department website.
For shipments to Jordan, exporters are required to provide:
A customs declaration is also required. Only an authorised forwarding agent in Jordan can process the declaration and it must be filed electronically.