| LLC | PLC | Tax Exempt Company | Regional Office | Free zone LLC | LLP | Rep Office | Branch Office | |
|---|---|---|---|---|---|---|---|---|
| Company Setup Time | 6 week | 10 weeks | 6 weeks | 8 weeks | 6 weeks | 6 weeks | 10 weeks | 6 weeks |
| Bank Account Opening | 15 days | 15 days | 15 days | 15 days | 15 days | 15 days | 15 days | 15 days |
| Government Grants Available | Yes | Yes | Yes | Yes | Yes | Yes | No | No |
| Government Contracts Bidding | Yes | Yes | Yes | Yes | Yes | Yes | No | No |
| Limited Liability | Yes | Yes | Yes | No | Yes | Yes | No | No |
| Client Required to Travel | No | No | No | No | No | No | No | No |
| Inquiry | Inquiry | Inquiry | Inquiry | Inquiry | Inquiry | Inquiry | Inquiry |
Corporate Structure Explained
Jordan Limited Liability Company (WLL)
- These business entities require one shareholder. Shareholders can be of any nationality. At least US$ 70,650 of minimum paid-up capital is required. If investing in restricted sectors it is required a joint venture agreement with a Jordanian partner.
- It is also needed a minimum of one director whose nationality doesn’t matter. The company’s annual financial records must be audited and this should be done by a certified auditor. These must be filled out annually.
Jordan Public Limited Company (LTD)
- A PLC does not require to be listed on the Amman stock exchange. In the event our customers choose to list the company, the authorized share capital must be increased to US$ 700,000. A minimum of 25% must be traded publicly. A minimum three board of directors have to be appointed. 50% of these must be independent from this entity
Jordan Offshore Companies (Non-Operating Foreign Entities)
- These business entities are allowed to sign contracts and conduct business activities with non-country-based business entities. Many of our foreign clients prefer this corporate structure for having an operating headquarter, primarily for operations in the Middle East and for receiving income from foreign countries.
- A lease agreement is necessary for the establishment of an offshore company. National citizens must account for 50 percent of total employees. The company must have its accounts audited annually, even in cases of being corporate and payroll tax-exempt. This also applies to social security contributions on foreign employees ‘ salaries.
- This company set up is preferred to receive income accruing from foreign sources. It allows these entities to be fully exempt from corporate tax.
- The requirements for setting up this entity are a minimum amount of US$ 1 as share capital, one shareholder and one director. The nationality of both does not matter. Using an offshore company allows to minimize the taxes outside Jordan.
Jordan branch office (operating foreign company)
- These entities are not allowed to carry out any revenue-generating activities in sectors restricted to foreign ownership
- Other prerequisites for a branch include appointing a representative officer who is also a resident. These entities must also submit the final audited financial records to the Jordan Companies Registrar.
- A resident director must be appointed. In addition, this entity is required to publish audited financial statements on an annual basis in any two Jordanian newspapers. Renewal of the registration license is necessary after two years.
Jordan Representative Offices
- Representative offices can not conduct direct commercial activities in Jordan. These office entities are permitted to conduct market research and promote their parent company’s business.