A shelf company in Jordan refers to a legal entity that has already been incorporated and is available for sale. The shelf company is also referred to as ready-made company and the main advantage is that the respective business form may start its business activities immediately after the ownership transfer was completed. This can be an appealing alternative for the investors who are interested in company formation in Jordan, but who would prefer avoiding the standard registration procedures which last longer in the latter option. Our team of agents in company formation in Jordan can offer in-depth assistance on how to purchase a ready-made company.
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Types of legal entities in Jordan
When starting a business in Jordan through a shelf company, the investors may choose an available business incorporated under one of the legal entities available in this country.
According to the applicable legislation in Jordan, investors may set up one of the following:
- limited liability company (LLC);
- public limited company;
- offshore company (it can be incorporated only by foreign investors, who can be natural persons or legal entities).
Still, it is important to know that the shelf companies avaialable for purchase in Jordan are incorporated as limited liability companies, due to the advantages offered to the company’s shareholders.
Requirements for LLCs in Jordan
Investors who are interested to open a company in Jordan through this legal option will need to conclude specific documents that will attest the transfer of ownership. In this case, it is highly recommeded to perform the due diligence procedures on the respective shelf company.
In the case of a shelf company registered as a LLC, the legal entity can start its business activities with a single shareholder, but it is necessary to obtain an approval from the Companies Registrar Commissioner. Our team of company formation representatives in Jordan can offer assistance in this sense.
It is important to know that there aren’t any restrictions for the shareholder’s nationality, but the person should respect certain requirements.
Investors can address to our team of consultants in company registration in Jordan for more details on the purchase of a shelf company.