The limited liability company (LLC) in Jordan may be set up by a single shareholder, following specific incorporation procedures. When starting a business in Jordan incorporated as a LLC, the investors will have to register with relevant institutions which handle various parts related to the registration of a company. Our team of consultants in company formation in Jordan can offer in-depth assistance on the general requirements and advice on the documents that must be submitted with the local authorities, such as the Ministry of Industry and Trade, the Chamber of Industry or the Chamber of Commerce.
Table of Contents
Types of limited companies in Jordan
When starting the procedure of company formation in Jordan, the investors may set up two types of limited companies, as follows:
- limited liability company;
- public limited company.
Registration procedure in Jordan
The limited liability company is one of the most common ways of starting a business in Jordan. As a general rule, the legal entity may be set up by two partners, who are liable in accordance with their participation at the company’s capital. Still, as mentioned above, the limited liability company (LLC) can be set up by a single shareholder, as long as the businessman has obtained an approval from the Companies’ Registrar Commissioner.
In a LLC, the minimum share capital is established at JD 30,000 which has to be divided into indivisible shares with a value of minimum JD 1. The procedure on opening a company in Jordan incorporated as a LLC stipulates that the company’s shares can be transferred to the shareholder’s heirs, following the death of the respective shareholder. There are no restrictions on the shareholder’s nationality.
Our team of agents in company registration in Jordan can provide more details on the shareholders’ rights, as well as on the documents required during the incorporation. The legal entity has to be set up by drawing the articles of association and memorandum of association, which should contain the provisions mentioned below.
LLC in Jordan – articles of association
The articles of association represent a compulsory requirement for a LLC in Jordan and the document must contain the following provisions:
- company’s trading name;
- objects of activity;
- headquarters;
- names and nationalities of the shareholders;
- the minimum share capital;
- shares owned by each shareholder.
During the procedure of company formation in Jordan, the investors will need to open a corporate bank account and register for tax purposes and in this sense, it is advisable to contact our team of specialists, who can offer professional advice on the applicable legislation.