•Year of establishment: 2001
•Chief Commissioner: Minister Nayef Al Fayez
•Number of employees: …….
•Services:
•Aqaba Special Economic Zone Authority
The Aqaba Special Economic Zone Authority (ASEZA) is the financially and administratively autonomous institution responsible for the management, regulation, and the development of the Aqaba Special Economic Zone (ASEZ). Six ministerial – level commissioners, each responsible for a major area of regulatory or operational activity, govern the ASEZ. ASEZA is a service – oriented organization offering one – stop assistance covering all investment needs. The law, regulations, and Board Instructions that govern the ASEZ are made public in Jordan’s Official Gazette. The ASEZA Board of Commissioners is committed to publicly stating the rationale for major decisions that impact the living and business climate in Aqaba. ASEZA services and staff are available to every business in the Zone – whether a small retail establishment, manufacturing operation, or large tourism venue.
•Benefits of Doing Business in the ASEZ
•No foreign equity restrictions on investment in tourism, industry, retail, and other commercial services.
•Regional multi – modal transportation hub with a full-service seaport and international airport.
•5% flat tax on net business income except banking, insurance, and land transport services.
•No tariffs or import taxes on imported goods for individual consumption and Registered Enterprises.
•No land and property taxes for Registered Enterprises on utilized property.
•No foreign currency restrictions
•Full repatriation of profits and capital.
•Streamlined labor and immigration procedures.
•Multi – use commercial, tourist, and residential environment.
•Duty – free environment.
•Head quarter location: Aqaba Special Economic Zone
