Jordan over recent years has been pro-active in its efforts to increase foreign investment by removing previous barriers to investment, for example under new law companies are no longer required to pay a 15% capitalization charge.
The Ministry of Industry and Trade are the governmental body responsible for the incorporation of new companies in Jordan and the CCD has recently developed a 'one stop shop' that was initiated in order to provide a quick and simple service to investors incorporating companies in Jordan.
The registration fee is usually equal to 0.2% of the initial share capital and the decision by the Ministry of Industry and Trade will be made within 15 days of submission. If approved, the registration certificate will be issued and an announcement of the company's registration will be published in the Official Gazette.
All documents must be legalized by the Jordanian embassy, the ministry of foreign affairs in the company of origin and the Jordanian ministry of foreign affairs. Documents must be translated into Arabic and legalised by a public notary in Jordan; a translated copy into English or another language may be attached.
To incorporate a Jordan company the following is required for the Ministry of Industry and Trade
By far the most common form of incorporation in Jordan is through a Limited Liability Company, equivalent to a Private Limited Company offering limited liability to its shareholders and not allowing the public sale of shares.
The minimum share capital for non-Jordanian residents in JOD 50,000 (€50,000) and JOD 30,000 (€30,000) for Jordanian residents with no maximum share capital for either. For Jordanian residents at least 50% of the company's capital must be deposited in a Jordanian bank account with the remainder being paid within two years of incorporation and for non-residents the JOD 50,000 must be paid up in full before the incorporation can be completed. Share capital may only be expressed in Jordanian Dollar (JOD).
A Limited Liability Company must have a minimum of two shareholders, however, the Registry may agree to register a company with only one shareholder.
A Jordanian company requires two directors and there is no restriction placed upon the nationality or residency of directors and shareholders may also be directors.
The name of a Jordanian company must be derived from its objectives and must end with "Limited Liability" or "W.L.L".
We check that your Jordan company name is acceptable and is not already incorporated with the Ministry of Industry and Trade, certain company names are prohibited, such as names suggesting the patronage of any government or country.
Once incorporated we provide a set of corporate documents for your Jordan company which, includes the Certificate of Incorporation, Memorandum of Association the Articles of Association and share certificates. Copies of the company incorporation documents are sent via email and the originals from the companies registry are sent to you in a corporate folder.
Your company must have a registered office in Jordan, this is where documents may be legally served - we can provide a registered office in Jordan.