requirements to establish a company in jordan

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Tariq Al-Basha Project Finance Officer & Business Troubleshooter since June, 2013. Bachelor of Arts (Honours) Business Management from the University of Greenwich - UK in July, 2012. [email protected] - 00962 7 9767 7418 Requirements to establish a company in Jordan

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Page 1: Requirements to Establish a Company in jordan

Tariq Al-Basha – Project Finance Officer & Business Troubleshooter since June, 2013.

Bachelor of Arts (Honours) Business Management from the University of Greenwich - UK in

July, 2012.

[email protected] - 00962 7 9767 7418

Requirements to establish a company in Jordan

Page 2: Requirements to Establish a Company in jordan

﴿قالوا سبحانك ل علم لنا إلا ما علامتنا إناك أنت العليم الحكيم﴾ صدق هللا العظيم

32آية –سورة البقرة

Page 3: Requirements to Establish a Company in jordan

Overview Procedure for New Company Registration (10 Steps)

Operating Foreign Company (4 Points)

Non-Operating Foreign Company (3 Points)

Type of Companies (11 Types)

Types of Partners (2 Types)

Company Capital (2 Types)

Company Shares (2 Types)

Company Capital Value

Offering Shares to the Public

Company Duration, Nature & Type

Class of Company

Company Information

Registration

About the Author

Page 4: Requirements to Establish a Company in jordan

Procedure for New Company Registration 1. The Applicant(s) or his Representative registers as a user at the

Ministry of Industry and Trade website.

2. The applicant completes the following sections of the application:

Nature of Company (type and class)

Company Information

Capital Information

Founders and Partners Information

For help in completing the above sections the applicant may refer to the Guidelines. This contains information on the requirements for supporting documents, fees and other conditions specific to the type of company to be registered.

Page 5: Requirements to Establish a Company in jordan

Procedure for New Company Registration (Cont.)

3. Upon completion, the applicant may submit the application

online. Once submitted it cannot be altered by the applicant. The

application is recorded at the Ministry of Industry and Trade,

Companies Control Directorate (CCD) Service Desk for

processing on demand. A confirmation of application receipt will

be sent to the applicant via email.

4. The applicant prepares the required documents as detailed in

the guidelines.

5. The applicant visits the CCD Service Desk and presents his

application number or company name.

Page 6: Requirements to Establish a Company in jordan

Procedure for New Company Registration (Cont.)

6. The Service Desk retrieves the application and reviews it for

accuracy and completeness. The applicant will be required to

submit the supporting documents which were identified in the

guidelines. If the application and all the required supporting

documents are in order, the applicant(s) or designated

representative with a power of attorney will be required to sign

the printout of the application in the presence of a CCD officer.

7. The fees are entered on a payment order slip by the CCD officer

and given to the applicant(s) or representative to pay the fees.

The applicant pays the fees at the cashier’s booth located within

the Service Desk hall and obtains a stamped receipt.

Page 7: Requirements to Establish a Company in jordan

Procedure for New Company Registration (Cont.)

8. If no additional approvals or processing is required by other

departments within the Ministry or from other organizations, then

the applicant can proceed to the Service Desk, sign the Articles

of Association and Founding Contract and obtain the Certificate

of Registration. At this point the company is registered.

Page 8: Requirements to Establish a Company in jordan

Procedure for New Company Registration (Cont.)

9. If further processing is required, as in the case of a company

such as a nightclub, which requires approval from the Ministry of

Interior, the applicant can obtain the required letters from the

Service Desk. Another example of further processing would be

the requirement for a limited liability company to obtain a deposit

slip from the bank with 50% of the company’s registered capital.

The applicant returns to CCD with the completed and processed

documentation. For details on the requirements for further

processing refer to Guidelines on Pre-approvals.

Page 9: Requirements to Establish a Company in jordan

Procedure for New Company Registration (Cont.)

10. The officer retrieves the application, accepts the new

documents and issues the Articles of Association and Founding

Contract. The applicant signs them and obtains the Certificate of

Registration. At this point the company is registered.

Please note that registration of the company does not confer the

right of a registered company to practice. The company will be

required to obtain a license from the proper authority before

starting its activities.

Page 10: Requirements to Establish a Company in jordan

Operating Foreign Company

First: Definition of an Operating Foreign Company:

An Operating foreign company means a company of body which is registered

outside the Kingdom, and its head office in another country whose nationality is

considered Non-Jordanian. In terms of its nature it shall be divided into two

types:

a) Companies operating for a limited period, which are awarded tenders for

executing their works in the Kingdom for a limited period. The registration

thereof shall cease upon the completion of such works unless the said

company obtains new contracts in which case, the registration of same shall

extend to cover execution of such works.

b) Companies operating permanently in the kingdom under license from the

competent official authorities.

Page 11: Requirements to Establish a Company in jordan

Operating Foreign Company (Cont.)

Second: Requirements of Registration:

The application for the registration of an Operating Foreign Company of

body shall be submitted to the General Controller accompanied by the

following data and documents, translated into Arabic.

Provided that the Arabic translation be certified by a Notary public in the

Kingdom.

These documents are as follows:

1. A copy of the Memorandum and Articles of Association of the Company or body or

any other documents relating to its formation procedures.

Page 12: Requirements to Establish a Company in jordan

Operating Foreign Company (Cont.)

2. The written official documents which certify that such Company has obtained the

approval of the concerned authority in the Kingdom for carrying out the work and

investing the foreign capital therein in accordance with the legislations in force.

3. A list of names of the Company’s board of directors, of the management

committee, of shareholders as the case may be, along with the nationality of

each one of them in addition to the names of the persons who are authorized to

sign on behalf of the Company.

4. A copy of the power of attorney according to which the Company authorizes a

person resident in the Kingdom to carry out its activities and receive notifications

on its behalf.

5. The financial statements for the last fiscal year of the Company at its head office

certified by a licensed auditor.

Page 13: Requirements to Establish a Company in jordan

Operating Foreign Company (Cont.)

6. Any other data or information that the General Controller decides necessary to be

submitted. The application for registration must be signed by the person

authorized to register the Company before the General Controller or the person

authorized by him in writing or the Notary Public. The application must

incorporate fundamental information about the Company, especially the following:

The name of the Company, its type and capital.

The objectives of the Company in the Kingdom.

Detailed information about the promoters, shareholders or the Board of Directors and the

share of each one of them.

Any other data or information the General Controller deems necessary to be submitted.

Page 14: Requirements to Establish a Company in jordan

Operating Foreign Company (Cont.)

Third: Fees determined of registering and Operating Foreign

Companies:

(JOD 1000) if the Company’s Capital equals (JOD One million) or

less. In addition to publication, filing and certificate fees.

(JOD 2000) if the Company’s Capital equals more than (JOD One

million). In addition to publication, filing and certificate fees.

Page 15: Requirements to Establish a Company in jordan

Operating Foreign Company (Cont.)

The Foreign Company or body registered pursuant to the provisions

of this Law shall undertake the following:

1. To submit to the General Controller within three months from the end of each

fiscal year its balance sheet and the profit and loss account of its operations in

the Kingdom duly certified by a Jordanian licensed auditor.

2. To publish the balance sheet and the profit and loss account regarding its

operations in the Kingdom in at least two local daily newspapers within sixty

days from the date of submitting these statements to the General Controller.

3. The Minister may exclude the company from implementing the provisions of

items (1) and (2) upon the recommendation of the General Controller.

Page 16: Requirements to Establish a Company in jordan

Operating Foreign Company (Cont.)

Fourth: Requirements for Canceling the registration of an Operating Foreign Company:

The Foreign Company or body shall notify the General Controller in writing of the date it expects its operations to end in the Kingdom or the date specified for the termination thereof, at least thirty days prior to such date, The Foreign Company shall prove to the General Controller that it has already settled all its obligations resulting form its operations in the Kingdom prior to obtaining the approval for concealing its

registration.

The requirements are:

1. A covering letter of company’s name and address signed by an authorized person indicating completion of the company’s works and its wish to cancel its registration.

Page 17: Requirements to Establish a Company in jordan

Operating Foreign Company (Cont.)

2. A properly certified and translated resolution from the parent company indicating

closure of canceling of its registered office in Jordan and the person authorized

to carry out such procedure.

3. A letter from the contracting party indicating completion of the company (X) works

in Jordan.

4. A quittance from:

Social Security Corporation.

Sales & Income Tax Department.

Jordan Telecommunication Company.

Jordan Electricity Company.

Page 18: Requirements to Establish a Company in jordan

Non-Operating Foreign Company

First: Definition of a Non-Operating Foreign Company &

operations prohibited to it:

A Non-Operating Foreign Company in the Kingdom is a company which has a

Regional Office or Representative office in the Kingdom for operations that it

conducts outside the Kingdom for the purpose of using such a Regional or

Representative Office for managing its operations and coordinating them with its

Headquarters.

A Non-Operating Foreign Company is prohibited from carrying out any business

or commercial activity inside the Kingdom, including the operations of

commercial agents and middlemen.

The registration of a Non-Operating Foreign Company in the Kingdom may be

made pursuant to the previous of this Law for the purpose of establishing

Regional Offices, Representative Offices, and the City of Amman shall be its

venue for litigation.

Page 19: Requirements to Establish a Company in jordan

Non-Operating Foreign Company (Cont.)

Second: Requirements of registration:

1. The application for the registration of a Non-Operating Foreign

Company shall be submitted to the General Controller together with the

following documents and statements translated into Arabic language,

and duly certified by a Notary public in the Kingdom.

2. The registration certificate of the Company in its head office.

3. The Company’s Memorandum and Articles of Association which indicate

its type, capital and objectives.

4. The power of attorney by which a resident person in the Kingdom is

authorized to follow up the Company’s activities and register it in

accordance with companies law.

Page 20: Requirements to Establish a Company in jordan

Non-Operating Foreign Company (Cont.)

5. Financial statement for the Company’s last two fiscal years in its head

office which should be certified by a licensed auditor.

The registration application shall be signed before the General

Controller of Companies or any other person authorized by him in

writing, or before the Notary public, provided that the application

incorporation fundamental information about the Company and

especially the following:

Name of the Foreign Company its head office, the date of its registration and its

objectives.

Type of the Company, its nationality and its address in the country of its

registration.

The capital of the Company, names of the promoters or shareholders, nationality

of each of them and their shares along with information about its Board of

Directors.

Any other information General Controller deems necessary to be submitted.

Page 21: Requirements to Establish a Company in jordan

Non-Operating Foreign Company (Cont.)

A Non-Operating Foreign Company enjoys the following:

a) Exemption from registration and publication fees.

b) Exemption of profits generated by the Foreign Company of businesses conducted

outside the Kingdom from both income and social services taxes.

c) Exemption from registration with the Chambers of Commerce and Industry,

professional associations, exemption from paying the registration fees therewith

and from any obligations towards seam, including trade and vocational license.

d) Exemption of salaries and wages payable by the Non-Operating Foreign

Company to its non-Jordanian employees who are working at its Regional Office

in the Kingdom from income and social service taxes.

e) Granting of permission to import into the country trade samples and models, free

from customs and import taxes.

Page 22: Requirements to Establish a Company in jordan

Non-Operating Foreign Company (Cont.)

f) Exemption of imported furniture and equipment necessary to furnish its Regional Office from customs and other fees and charges.

Requirements for articles (e) & (f):

A conveying letter signed by the company’s representative indicating company’s name and address specifying the required trade samples & models or specifications of squired furniture.

The office’s lease contract certified by Greater Amman Municipality or a valid profession license issued thereof.

g) Granting the company permission to import one car under the status of temporary entry to be used by its non-Jordanian employees.

Requirements are as follows:

A covering letter signed by the Company’s representative indicating company’s name and address requiring a temporary car entry and specifications of the car.

The office’s lease contract certified by Greater Amman Municipality or a valid profession license issued thereof.

A valid residency and work permit for the non-Jordanian car-user.

Actual inspection over the office’s location.

Page 23: Requirements to Establish a Company in jordan

Non-Operating Foreign Company (Cont.)

h) Upon the General Controller’s recommendation, in justified cases, the Minister

may grant the company a permit to import a second car under the status of

temporary entry.

The requirements are as follows:

A covering letter signed by the company’s representative indicating company’s name and address

requiring a temporary second car entry and specifications of the car.

The office’s lease contract certified by Greater Amman Municipality or a valid profession license issued

thereof.

A valid residency and work permit for the non-Jordanian second-car-user.

Employment list certified by the Ministry of Labor indicating the number of Jordanian and non-Jordanian

employees working in the office.

Actual inspection over the office’s location.

Page 24: Requirements to Establish a Company in jordan

Non-Operating Foreign Company (Cont.)

Third: Requirements for canceling the registration of a non-operating foreign company:

1. A properly certified and translated resolution from the parent company indicating closure or canceling of its registered office in Jordan and the person authorized to carry out such procedure.

2. A quittances from:

Social Security Corporation

Sales & Income Tax Department.

Water Authority.

Jordan Telecommunication Company.

Jordan Electricity Company.

Settlement of all customs exemptions the company benefited from.

Page 25: Requirements to Establish a Company in jordan

Type of Companies

1. General Partnership:

A company founded by a maximum of 20 natural partners, all over 18

years of age.

2. Limited Partnership:

A company founded by natural, founders both over and under 18 years

of age. Those over 18 are the General Partners who are responsible for

the day to day management of the company.

Limited partners contribute only to the capital of the company but have

no authority in or involvement with its management.

Page 26: Requirements to Establish a Company in jordan

Type of Companies (Cont.)

3. Limited Liability:

A company founded by two or more partners, with their liability

determined in accordance with their capital shares.

4. Public Shareholding:

A company founded by a number of promoters, with a minimum of two

subscribers. The liability of shareholders is limited to their capital

shares. A public shareholding company can consist of one person only

upon the approval of the Minister and the Controller of MIT.

Page 27: Requirements to Establish a Company in jordan

Type of Companies (Cont.)

5. Foreign Company – Operating:

An Operating Foreign Company means a company of body which is

registered outside the Kingdom, and its head office in another country

whose nationality is considered Non-Jordanian. In terms of its nature it

shall be divided into two types:

Companies operating for a limited period, which are awarded tenders

for executing their works in the Kingdom for a limited period. The

registration thereof shall cease upon the completion of such works

unless the said company obtains new contracts in which case, the

registration of same shall extend to cover execution of such works.

Companies operating permanently in the Kingdom under license from

the competent official authorities.

Page 28: Requirements to Establish a Company in jordan

Type of Companies (Cont.)

6. Foreign Company – Non-Operating:

A Non-Operating Foreign Company in the Kingdom is a company which has a Regional Office or Representative office in the Kingdom for operations that it conducts outside the Kingdom for the purpose of using such a Regional or Representative Office for managing its operations and coordinating them with its Headquarters.

A Non-Operating Foreign Company is prohibited from carrying out any business or commercial activity inside the Kingdom, including the operations of commercial agents and middlemen.

The registration of a Non-Operating Foreign Company in the Kingdom may be made pursuant to the previous of this Law for the purpose of establishing Regional Offices, Representative Offices, and the City of Amman shall be its venue for litigation.

Page 29: Requirements to Establish a Company in jordan

Type of Companies (Cont.)

7. Limited Liability – One Person Company:

A limited liability company that consists of one person. The registration

of this company is permissible only upon the approval and the

recommendation of the Minister of MIT.

8. Limited Partnership in Shares:

A limited liability company founded by a minimum of four partners: two

general partners and two limited partners.

The general partners are jointly liable for the debts incurred by the

partnership. The liability of the limited partners is limited to their capital

shares.

Page 30: Requirements to Establish a Company in jordan

Type of Companies (Cont.)

9. Holding Company:

A public shareholding company established for the purpose of acquiring

shares in other companies, managing them, and extending loans,

guarantees and credit facilitations. Funds are invested in shares, bonds

and securities.

A Holding Company owns more than half of the company’s capital

and/or has authority over selecting the company’s board of directors.

10. Mutual Fund Company:

A public shareholding company founded for the purpose of investing

funds in securities for third parties, as per the Securities Law.

Page 31: Requirements to Establish a Company in jordan

Type of Companies (Cont.)

11. Exempt Companies (Offshore Companies):

Either a public or a private shareholding company with limited liability.

This company is registered as a Jordanian company that may not carry

out any operations in Jordan. The company’s name must include the

word “Exempt”.

Page 32: Requirements to Establish a Company in jordan

Types of Partners

1. General Partner:

Partners jointly responsible for the management of the company’s

activities, with full liability over the company’s private properties, debts

and liabilities.

2. Limited Partner:

Partners who contribute to the company’s capital without having the

right to manage the company or perform its activities. The liability of

such partners is limited to their capital shares.

Page 33: Requirements to Establish a Company in jordan

Company Capital

1. Registered Capital

The company’s capital declared within the Company Founding contract

and its Memorandum of Association. It is the maximum capital that can

be claimed during the company’s duration.

2. Authorized Capital

The company capital needed only for the registration of the company.

Page 34: Requirements to Establish a Company in jordan

Company Shares

1. Shares in Cash

The partner capital share in return for his cash value contribution in

constituting the company’s capital.

2. Shares in Kind

The partner capital share in return for the in kind value contribution to

the company’s capital.

Page 35: Requirements to Establish a Company in jordan

Company Capital Value

1. Capital Value in Cash

The cash value of the total shares which constitute the company’s

capital.

2. Capital Value in Kind

The total shares in kind paid to constitute the company’s capital.

Page 36: Requirements to Establish a Company in jordan

Offering Shares to the Public

1. Number of Shares offered for Public Subscription

The registered capital designated for subscription. This is only

applicable for public shareholding companies.

Page 37: Requirements to Establish a Company in jordan

Company Duration, Nature & Type

1. Company Duration

The company life cycle. This is assumed to be unlimited unless

otherwise stated by the Founding Contract and the Memorandum of

Association.

2. Nature of Company

The nature of the company to be registered must be defined. This is

defined by specifying both the type and class of company.

3. Type of Company

Different types of companies offer different advantages and have

different requirements and conditions for both registration and operation.

Page 38: Requirements to Establish a Company in jordan

Company Duration, Nature & Type (Cont.)

The following are the types of companies which may be

registered:

1. General Partnership

2. Limited Partnership

3. Limited Liability

4. Limited Liability – One Person

5. Limited Partnership in Shares

6. Public Shareholding

7. Public Shareholding – One Person

8. Foreign Company

Page 39: Requirements to Establish a Company in jordan

Class of Company

Within each company “type”, the “class” of company must also

be specified. Each class of company has its own set of

conditions.

The classes of company permissible by law are as follows:

1. Regular

2. Civil

3. Offshore

4. Non-Profit

5. Holding

6. Mutual Fund

Page 40: Requirements to Establish a Company in jordan

Company Information

This section of the application contains required

information on the company.

Company name in Arabic and in English These fields accept the

name of the company to be registered in Arabic and in English. Names

will not be translated by the registrar and need to be supplied in both

languages. If the company is foreign, the name will be entered in

English only.

Legal Correspondence Address The legal correspondence address of

the company is accepted in the form of a street address, i.e. Capitol

Building, Capitol Street, Amman. The PO Box and postal code are also

acceptable in order to designate the legal mailing address.

Page 41: Requirements to Establish a Company in jordan

Company Information (Cont.)

Objectives Company A company may have a number of declared

objectives. Objectives can be specific or broad. Examples of company

objectives include “import and export of production machinery”. An

example of a broader objective would be “import and export”.

Right to Borrow This indicates the value the company is allowed to

borrow as a percentage of its registered capital, e.g. 50%.

Page 42: Requirements to Establish a Company in jordan

Company Information (Cont.)

Start and End of Fiscal Year This sets the dates for the formal start

and closing of the fiscal year of the company. Usually January 1st and

31st of December are set for the start and closing dates. The company

will be required to close its financial transactions and issue its end-of-

year financial statements on the chosen closing date each year.

Number of Shares for Eligibility for Election For public shareholding

companies, indicate the minimum limit for the number of shares owned

by any given shareholder which qualifies him for voting in the general

assembly.

Page 43: Requirements to Establish a Company in jordan

Company Information (Cont.)

Method of Management A company may be managed by either an

elected “Board of Directors” or by a “Manager”. If a Board of Directors is

chosen, the number of board members must be stated.

Status Upon Mortality The fate of the company upon the mortality of

any of the shareholders must be defined. A common entry for this item

is “Ownership of shares is inherited”.

Page 44: Requirements to Establish a Company in jordan

Company Information (Cont.)

Method of Distribution of Profit and Loss The way the

company’s profits are distributed must be declared. An example would

be “According to percentage of ownership”. Another example would be

“90% according to percentage of ownership and 10% to management”.

Duration The life of a company can be a specific duration in years, i.e.

“20 years”. The company must be liquidated at the end of the specified

duration. Alternatively, the company duration can be “Unlimited”.

Page 45: Requirements to Establish a Company in jordan

Company Information (Cont.)

Number of Partners to Approve Change To make changes to the

company’s information, such as Objectives, approval must be obtained

from the partners. This item specifies how many partners are required to

give their approval in order to affect the change. An example would be

“All Partners”.

Authorized Signatories The company must declare the names of the

personnel authorized to represent the company and/or sign on its behalf

in financial, legal, administrative and other affairs. The authorized

representatives may or may not be from the owners. Usually a monetary

limit is attached to the financial authorization and sometimes a special

agreement is specified. An example of financial authorization would be

“Mr. Salah alone for up to 1,000 JD and all partners for anything

exceeding 1,000 JD”.

Page 46: Requirements to Establish a Company in jordan

Company Information (Cont.)

Special Articles The company may find it necessary to state special

articles to govern its bylaws of operation over and above the articles

required by the law and stated in the application. The Special Articles

section can be used for this purpose.

Page 47: Requirements to Establish a Company in jordan

Capital Information

Registered Capital or Authorized Capital These two fields

refer to the total capital of the company. The term Authorized

Capital applies only to public shareholding companies and the

term Registered Capital applies to all other types of companies..

Paid-Up Capital This is used for public shareholding

companies only, and refers to the capital paid up by the non-

founding shareholders through underwriting.

Page 48: Requirements to Establish a Company in jordan

Capital Information (Cont.)

Number of Shares Specifies the total number of shares, i.e.

1,000,000 shares.

Value per Share States the value per share, commonly set at 1

JOD per share.

Value of Shares In-Kind and Value of Cash Shares The total

value of the shares consists of cash payment by shareholders,

“Value of Cash Shares” plus their shares, plus the in-kind

contribution, “Value of Shares In-Kind”, if any . The in-kind

contribution is assessed in monetary terms and is registered as

capital paid up in the names of the contributors.

Page 49: Requirements to Establish a Company in jordan

Founders and Partners Information

This table requires the entry of the full names of the partners,

their addresses, their official identification types and numbers,

their shares both cash and in-kind, their ages, nationalities and

their type of partnership. The type of partnership applies only to

limited partnership companies and can be one of three types:

1. Limited Liability Partner,

2. Limited Partner or

3. General Partner.

Page 50: Requirements to Establish a Company in jordan

Registration

Documents required for completing individual firms and Trade

companies’ membership procedures within the Amman Chamber

of commerce:

Amman Chamber of Commerce is responsible for registering

individual firms and commercial companies which operate their

commercial activities within the borders of the Greater Amman

Municipality.

Page 51: Requirements to Establish a Company in jordan

Registration (Cont.)

First: Individual firms:

The applicant should present the following documents at the time of

filling out the Chamber’s membership form:

1. Commercial registration certificate issued by the Ministry of Industry and

Trade.

2. Commercial name document issued by the Ministry of Industry and Trade (if

any).

3. Original lease contract or title deed.

4. Personal Identity Card issued by Civil Affairs Department to authorized

signatories for Jordanians, and personal identification evidence for non-

Jordanians.

Page 52: Requirements to Establish a Company in jordan

Registration (Cont.)

Second: General partnerships, limited partnerships, and limited partnership by shares:

The applicant should present the following documents at the time of filling out the Chamber’s membership form:

1. Corporate Control registration document issued by the Ministry of Industry and Trade, or the Official Gazette issue in which the company registration is included.

2. Commercial name document issued by the Ministry of Industry and Trade (if any).

3. Original lease contract or title deed .

4. Personal Identity Card issued by the Civil Affairs Department to authorized signatories for Jordanians, and personal identification evidence for non-Jordanians.

Page 53: Requirements to Establish a Company in jordan

Registration (Cont.)

Third: General Joint Stock Companies, Limited Companies and Exempt

companies:

The applicant should present the following documents at the time of filling out the

Chamber’s membership form:

1. Corporate Control registration document issued by the Ministry of Industry and Trade, or

the Official Gazette issue in which the company registration is included.

2. Commercial name document issued by the Ministry of Industry and Trade (if any).

3. Original lease contract or title deed.

4. Personal Identity Card issued by the Civil Affairs Department to authorized signatories for

Jordanians, and personal identification evidence for non-Jordanians.

5. Company capital document issued by the Ministry of Industry and Trade.

6. Document of authorized signatories issued by the Ministry of Industry and Trade.

7. Company’s bylaws and memorandum of association.

Page 54: Requirements to Establish a Company in jordan

Registration (Cont.)

Fourth: Regional Offices:

The applicant should present the following documents at the time of

completing the Chamber’s membership form:

1. Corporate Control registration document issued by the Ministry of Industry and

Trade to non-operating foreign companies.

2. Original lease contract or title deed documents (if any).

3. Personal Identity Card issued by the Civil Affairs Department to authorized

signatories for Jordanians, and personal identification evidence for non-

Jordanians.

Page 55: Requirements to Establish a Company in jordan

Registration (Cont.)

Fifth: Operative foreign companies:

The applicant should present the following documents at the time of

filling out the Chamber’s membership form:

1. Corporate Control registration document issued by the Ministry of Industry and

Trade for operative foreign companies.

2. Original lease contract or title deed document (if any).

3. Personal Identity Card issued by the Civil Affairs Department to authorized

signatories for Jordanians, and personal identification evidence for non-

Jordanians.

Page 56: Requirements to Establish a Company in jordan

Registration (Cont.)

Note:

The authorized signatory should attend in person insofar as

administrative issues are concerned. In the event that an authorized

signatory cannot appear in person, a membership form may be obtained

from the Chamber, signed by the signatory whose signature should be

validated by the Bank he is dealing with, or whose signature should be

verified according to other Chamber records indicating that this person

is authorized to sign on behalf of the relevant firm.

Page 57: Requirements to Establish a Company in jordan

About the Author

Awarded First Class Honours in Bachelor of Arts (Honours)

Business Management from the University of Greenwich –

UK.

Working as a Project Finance Officer for an Iraqi-owned

Group in which representing the CEO and shareholders'

interest in 23 companies, subsidiaries and affiliates in Iraq,

Jordan, Lebanon and UAE.

Relevant work experience:

1. Established for the major shareholders of an Iraqi-owned Group

an Accounting & Bookkeeping Offshore Company at Jumeirah

Lakes Towers - Dubai Multi Commodities Centre in which meeting

all License Application Requirements of a new company; such as

Company Name Approval/Reservation (2 requirements) and

Registration & Licensing Requirements (13 requirements).