Jordan – Government incentives for insurers’ mergers attractive
Saturday, 03 19 2016, Category: Insurance and Reinsurance, Country: Jordan
The Chairman of the Jordan Insurance Federation Dr. Ali Wazani said that the incentives offered by the government to encourage insurers to merge are very important and can be exploited in order to build strong entities that support the sector.
The comments of Dr. Wazani came after the issuance of the decision of the council of ministers dated 18/11/2015 which offers exemptions and benefits to merged insurance companies for a 3-year period as far as income tax and annual feed of law No (33) of year 199 and its amendments are concerned. Additionally the merged entity will be exempted from ownership change fees and capital increase fees.