The main procedure related to company registration in Jordan refers to selecting a business form for the future business. The types of companies available in Jordan are prescribed under the Companies Law 1997 and its amendments, published in 2006. The regulations applicable under the Companies Law provide legal entities that can be set up by both local and foreign entrepreneurs and the conditions imposed in each particular case. Our team of specialists in company registration in Jordan can offer in-depth assistance on the characteristics of each business form, as well as on the incorporation steps applicable for a specific legal entity.
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Legal entities in Jordan
The Companies Law in Jordan establishes the following types of business forms:
- general partnership;
- limited liability company;
- limited liability in shares;
- public shareholding company;
- private shareholding company;
- foreign company;
- one person company.
Further on, when starting a business in Jordan under a legal entity, the investors will have to choose a class of companies, which imposes specific conditions. The legislation for commercial entities provides the following classes:
- regular;
- civil;
- offshore;
- non-profit.
Our team of agents in company formation in Jordan can offer in-depth advice on the classes of companies, as well as on the types of entities available for foreign companies, such as:
- branch office;
- representative office.
In order to set up a branch office in Jordan it is necessary to provide in-depth information that this business form is necessary for completing a business operation in this country. Also, the branch office is required to renew its license every two years.
Limited liability company in Jordan
One of the most common legal entities chosen for company formation in Jordan is the limited liability company. The company type can be set up by foreign investors and it is important to know that the business form can be registered by a single shareholder, only if the Companies’ Registrar Commissioner has granted an agreement in this sense. However, if the investment is carried out in a field of activity which is not customarily available for foreign investors, it is necessary to have a local partner. The company may be set up by foreigners as long as they provide a minimum share capital of $ 70,650, while the company’s directors do not have any restrictions in terms of nationality (the legal entity can operate with a single director, local of foreigner).
Please contact our team of consultants in company formation in Jordan for more details on the above mentioned legal forms.