Company Registration in Jordan

Company Registration in Jordan
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Company registration in Jordan is overseen by the Companies Control Department, which operates under the Ministry of Industry, Trade, and Supply. The specific process may vary depending on the type of company and the business activities. Here is a general guide to the company registration process in Jordan:

### 1. Choose a Business Entity:

1. **Limited Liability Company (LLC):**
– Common for small to medium-sized businesses; requires at least two shareholders.

2. **Public Shareholding Company (PSC):**
– Suitable for larger businesses intending to go public.

### 2. Reserve a Company Name:

1. **Check Name Availability:**
– Verify the availability of the desired company name through the Companies Control Department.

2. **Reservation:**
– Reserve the chosen name through the department.

### 3. Prepare Documents:

1. **Articles of Association (AoA):**
– Draft the AoA outlining the company’s objectives, structure, and rules.

2. **Shareholder and Director Details:**
– Provide details of shareholders and directors, including their names, addresses, and contributions.

### 4. Registered Office:

1. **Choose a Registered Office:**
– Specify the registered office address for official correspondence.

2. **Provide Details:**
– Provide details of the registered office to the Companies Control Department.

### 5. Share Capital:

1. **Declare Share Capital:**
– Declare the company’s authorized and issued share capital.

2. **Contributions:**
– Specify the contributions of each shareholder.

### 6. Appoint Directors:

1. **Appoint Directors:**
– Appoint at least one director for an LLC, and a board of directors for a public shareholding company.

2. **Director Consents:**
– Obtain the written consent of each director.

### 7. Register with the Companies Control Department:

1. **Online Registration:**
– Register the company online through the department’s website.

2. **File Documents:**
– Submit the required documents, including the AoA and details of directors and shareholders.

### 8. Tax Registration:

1. **Tax Identification Number (TIN):**
– Obtain a tax identification number from the Income and Sales Tax Department.

2. **VAT Registration (if applicable):**
– Register for Value Added Tax (VAT) if the business meets the registration threshold.

### 9. Professional Advice:

1. **Legal and Accounting Advice:**
– Seek advice from legal and accounting professionals to ensure compliance with regulations.

2. **Registered Office:**
– Ensure ongoing compliance with the registered office requirements.

### 10. Employee Registration (if applicable):

1. **Social Security Registration:**
– Register with the Social Security Corporation for employee benefits.

2. **Compliance with Employment Laws:**
– Comply with Jordanian employment laws when hiring employees.

### Important Considerations:

– **Annual Reports:**
– File annual reports with the Companies Control Department.

– **Business License (if applicable):**
– Certain business activities may require specific licenses.

– **Bank Account:**
– Open a business bank account in the name of the company.

This guide provides a general overview, and it’s crucial to consult with legal and financial professionals to navigate the specific requirements for your chosen business structure and industry. Authorities in Jordan, including the Companies Control Department and relevant tax authorities, should be consulted for the most up-to-date and accurate information.

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