Jordan, officially the Hashemite Kingdom of Jordan, is a country in the Southern Levant region of West Asia. Jordan is bordered by Syria to the north, Iraq to the east, Saudi Arabia to the south, and both Israel and Palestine (West Bank) to the west. The Jordan River, flowing into the Dead Sea, is located along the country’s western border within the Jordan Rift Valley. Its area was historically part of the Assyrian, Babylonian, Roman, Byzantine, Umayyad, and Ottoman Empires, and it became a British protectorate in 1921. In 1946, it gained its independence and began developing into a modern state. Jordan has a small coastline along the Red Sea in its southwest, separated by the Gulf of Aqaba from Egypt. Amman is the country’s capital and largest city, as well as the most populous city in the Levant. Jordan is a semi-arid country, covering an area of 89,342 km2 (34,495 sq mi) with a population of 11.5 million, making it the eleventh-most populous Arab country.
The country’s economy has been growing steadily since 1990 and reached over $50 billion in GDP in 2023. Jordan instigated a ten-year economic modernization agenda in 2021 with goals of increasing female representation in the labour market, increasing per capita income by 3%, and making the country one of the most competitive in the world. This has encouraged growth, and Jordan’s GDP is expected to increase by 2.6% in 2024. Jordan uses the Jordanian dinar (JOD), which is pegged to the US dollar at a rate of 1 USD = 1.41 JOD. This currency has been stable largely thanks to strong international trade, including a free trade agreement with the US. Jordan’s workforce is one of the most skilled and highly educated in the region, and it exports many workers to its neighbours. However, employing Jordanians is still very affordable for most foreign-based firms. The minimum wage in Jordan is mandated at 260 JOD/month (roughly 366 USD). Middle-class, skilled workers will make salaries in the range of 400-600 JOD/month (565-845 USD/month). Even though employers pay 14.25% contributions to social security, employees here are still very affordable.
Politically stable, enjoys international financial support, and has sound economic policies.
Streamlined registration (Jordan Investment Commission), facilitated permits, and modern infrastructure, improving rapidly in global rankings.
Strong potential in ICT, logistics, tourism, and natural resources (potash, phosphate, minerals).
Free movement of capital and repatriation of profits.
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Chandrawat & Partners stands as a dynamic and rapidly expanding full-service firm, specializing in the delivery of exceptional professional and corporate services to a diverse clientele, both foreign and local. We proudly represent companies and individuals across a wide spectrum of sectors through distinct entities established in various countries worldwide.
Chandrawat & Partners stands as a dynamic and rapidly expanding full-service firm, specializing in the delivery of exceptional professional and corporate services to a diverse clientele, both foreign and local. We proudly represent companies and individuals across a wide spectrum of sectors through distinct entities established in various countries worldwide.
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