Jordan is a promising country for businesses to establish themselves and operate. The country offers a stable political environment, a skilled workforce, a strategic location, and a market with high potential. In this article, we will guide you through the process of registering a business in Jordan.
Types of Businesses in Jordan:
The first step in establishing a business in Jordan is to determine the type of business you want to register. The most common business entities in Jordan are:
Sole Proprietorship: A sole proprietorship is a business owned and operated by one individual. This is the simplest form of business registration in Jordan, and the sole proprietor is responsible for all aspects of the business.
Limited Liability Company (LLC): A limited liability company is a business entity that is separate from its owners. The owners, also known as members, are not personally liable for the company’s debts and obligations. LLCs are popular in Jordan because they offer limited liability protection while maintaining a flexible business structure.
Public Shareholding Company (PSC): A public shareholding company is a business entity that has shares traded on the stock exchange. This type of business is suitable for large-scale operations and raising significant capital from the public.
Partnership: A partnership is a business entity that is formed by two or more individuals. In this type of business, the partners share the profits and losses of the company.
Steps to Register a Business in Jordan:
Table of Contents
Choose a Business Name:
The first step in registering a business in Jordan is to choose a unique name for your business. The name must not be already registered with the Jordanian Companies Control Department (CCD). You can check the availability of your desired name through the CCD’s online portal.
Prepare the Documents:
Once you have chosen a name, you need to prepare the necessary documents for the registration process. The required documents include:
A copy of the owner’s national ID or passport
A business plan
Articles of Association (AOA)
Memorandum of Association (MOA)
Lease agreement for the business premises
Obtain Approvals:
You will need to obtain several approvals before you can register your business in Jordan. These include:
Approval from the Ministry of Industry, Trade, and Supply
Approval from the Ministry of Interior
Approval from the Social Security Corporation
Approval from the Jordanian Investment Commission (for foreign investors)
Register the Business:
Once you have obtained all the necessary approvals, you can proceed with the business registration process. You will need to submit the documents to the CCD and pay the registration fee. The CCD will issue a business license and register your business.
Register for Taxes:
After registering your business, you need to register for taxes with the Tax Department. This includes obtaining a tax identification number (TIN) and registering for sales tax and income tax.
Generis Global Can Help:
Establishing a business in Jordan can be a complex and time-consuming process. Generis Global can help you navigate the legal requirements and ensure that your business is registered correctly. Our team of experts can provide you with legal advice and support throughout your business journey in Jordan. Contact us today to learn more about our services and how we can help you establish your business in Jordan.