Projects benefit from privileges and exemptions of the Jordanian Investment Promotion Law.  These are recommended by the region where the project is to be established at 25%, 50% or 75% of the original tax category provided for in Tax Law, which depends on the type of the economic activity.  However, the project should be within one of these sectors:  industry, hotels, hospitals, tourism and entertainment, conference and exhibitions centers, agriculture, marine transportation, railways, and mining projects for water, gas and oil products in pipelines.  The exemption period is for 10 years from the date of starting production or actual operation.  Investment projects established in industrial zones of the Jordanian industrial zones Corporation are also exempted from the income and social service taxes for two years at a rate of 100% from the date of starting production.

You may do so after notifying the Investment Promotion Committee explaining the reasons for the transfer.  The project will continue to benefit from the exemptions, facilities and guarantees until the end of that period, subject to the new investor continuing the operation of the project and replacing the previous investor in rights and obligations incurred by the project under the Investment Promotion Law.