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Doing Business in Jordan
 
 
 

Starting a Business

Legal Form: Limited Liability Company
City: Amman

Procedure 1: Execute the company’s formation contract and the memorandum and articles of association

Time to complete: 1 day

Cost to complete: JD 800

Comment: The company’s formation contract and its memorandum and the articles of association may be executed either before an officer at the Companies Control Directorate (CCD), located at the Ministry of Industry and Trade (MIT), or before a notary public or a licensed Jordanian lawyer. If the documents are executed before the notary public, an additional fee of JD 15 will apply. The additional fee may range from JD 500 to JD 1,500 if done before a licensed Jordanian lawyer.

Procedure 2: File registration application with the Ministry of Industry and Trade

Time to complete: 1 day

Cost to complete: no charge

Comment: The promoter can complete the following formalities at the one-stop shop at the Company Registry (albeit at different counters): company registration, tax registration (including obtaining a company tax number for VAT and income tax), registration with the Chamber of Commerce or Chamber of Industry. In addition, the municipality of Amman maintains a counter for licence renewal (though the initial licence must still be obtained at the municipality). The procedure for filing a registration application with the Ministry of Trade and Industry consists of three steps. First, the promoter must submit the application for registration and the memorandum and articles of association to the CCD.

A CCD officer undertakes a review of these documents to verify:

• that the corporate name is not similar to an existing corporate or trade name;
• that the memorandum and articles of association include the required information and are in conformity with the applicable laws;
• whether the company objectives require any prior licenses or nonobjection letters from other ministries, public entities, or governmental commissions.

If prior licences or non-objection letters are needed, the CCD officers would address a letter to the entity to procure the documents. Second, the promoter must procure the applicable prior licences or non-objection letters. Third, upon receipt of any prior licences or non-objection letters, the CCD officer approves the company registration, conditional on the minimum capital requirement (50% of capital) being deposited in a bank account and a certificate proving the deposit being obtained. The promoters are given a preprinted letter (addressed to the company) that requires completion of this step. The company controller’s approval is published in the Official Gazette.

Note: A company that performs general industrial and commercial activities does not normally require any prior licences or non-objection letters.


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