Registering a company in Jordan is a step-by-step process that involves selecting a company type, choosing a name, preparing documentation, and registering with the Companies Control Department and Income and Sales Tax Department. By following this guide and utilizing the provided resources, you should be well on your way to successfully establishing your business in Jordan. Be sure to adhere to the requirements and guidelines to ensure a smooth registration process and a successful start for your company.
Step 1: Choose your company type
The first step in registering a company in Jordan is to choose the type of company you want to register. The most common types are:
- Limited Liability Company (LLC)
- Public Shareholding Company (PSC)
- Private Shareholding Company (Pvt)
- Foreign Company Branch
Step 2: Choose a company name
Before registering your company, you'll need to choose a suitable name. The Companies Control Department (CCD) has guidelines for acceptable names, which can be found at this link: https://www.mit.gov.jo
Step 3: Prepare the required documents
Next, prepare the necessary documentation for your chosen company type. The key documents are:
- Memorandum of Association (for LLC, PSC, and Pvt)
- Articles of Association (for LLC, PSC, and Pvt)
- Application for Company Registration (for all types)
These forms can be downloaded from the Ministry of Industry, Trade and Supply's website: https://www.mit.gov.jo
Step 4: Identify company officers and shareholders
You will need to identify at least one director (for LLC, PSC, and Pvt) or one representative (for Foreign Company Branch). Directors or representatives must be at least 18 years old. Shareholders or partners can be individuals or corporate entities.
Step 5: Capital requirements and bank account
Jordan requires a minimum capital of JOD 1,000 for LLCs, JOD 50,000 for PSCs, and JOD 1 for Pvt companies. You'll need to open a bank account in Jordan under the company's name and deposit the capital amount.
Step 6: Register your company
Once your documents are ready, you can submit your application to the Companies Control Department (CCD). This can be done in person at a local CCD office.
The fees for registering a company are as follows:
- LLC: JOD 300 (approximately $425)
- PSC: JOD 800 (approximately $1,130)
- Pvt: JOD 300 (approximately $425)
- Foreign Company Branch: JOD 1,000 (approximately $1,410)
Step 7: Register for taxes
After your company is registered, you must register for taxes with the Income and Sales Tax Department (ISTD). This can be done online via the following link: http://www.istd.gov.jo
Step 8: Obtain necessary permits and licenses
Depending on your business activities, you may need to obtain additional permits or licenses. Check with the relevant authorities and industry regulators for specific requirements.
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 10 to 20 working days, depending on the complexity of your application.