10 steps to incorporating in Jordan in 2024

According to Healy Consultants’ previous experiences in Jordan, a standard engagement takes approximately four months to be completed. Our Client will not have to travel to the country, provided that a Power of Attorney is issued to the Jordanian incorporation agent who will them complete all procedures on his behalf. The typical procedures are as follow:

1. Prior to Jordan company incorporation, our Client i) settles Healy Consultants’ engagement fees ii) signs our Client Engagement letter and iii) provides us the due diligence documents;
2. Healy Consultants drafts a detailed Jordan business incorporation engagement project plan and submits it to our Client. This plan firstly lists the characteristics of the optimal corporate structure of the company to be incorporated in Jordan. It secondly maps out, week by week, each step to engagement completion, optimising transparency and setting our Client’s expectations;
3. Once the engagement agreement is finalized, Healy Consultants then assists our Client with i) drafting its company’s Articles and Memorandum of Association and ii) translating them in Arabic. Our Client also signs Powers of Attorney before a local public notary, legalizes it in the nearest Jordan Embassy and mails it back to Healy Consultants along with other required legalized documents, including i) last audited financial statements and incorporation certificate for all corporate shareholders and ii) name and address of all shareholders, directors and team manager;
4. On receipt of the original legalized documents above, Healy Consultants i) translates them into Arabic by an official translator and ii) emails these documents’ copy back to our Client, for review and approval. If our Client requests to be his company’s sole shareholder, our firm also submits such request to the Ministry of Industry and Trade for pre-approval;
5. Healy Consultants then assists our Client with opening a corporate bank account in Jordan with its preferred international or local bank, to which the share capital of the company (minimum of US$70,650) must be transferred. Healy Consultants will liaise with the bank on behalf of our Client to obtain a certificate of deposit once the transfer is credited;
6. The Ministry of Industry and Trade reviews and issues the certificate of registration of the Jordan company, now a fully incorporated legal entity allowed to invoice customers and receive income. After company incorporation, our Client supplies Healy Consultants with a 12 months lease agreement, necessary for further Government registrations;
7. Healy Consultants registers our Client’s company with i) the Jordanian Chamber of Commerce and ii) the Greater Amman Municipality. The obtained license will enable our Client’s company to register for tax;
8. Healy Consultants then obtains i) a tax identification number and ii) a VAT identification number from the Jordan Ministry of Finance’s Income and Sales Tax Department;
9. Only when our Client hires their first employees, Healy Consultants registers the company and its employees with the Social Security Authority, to which social security contributions will be monthly remitted. If work permit applications are required, Healy Consultants receives due diligence from each foreign candidate and applies for visas with the Jordanian Ministry of Labor and Ministry of Interior;
10. Following engagement completion, Healy Consultants couriers a company kit folder to our Client’s preferred international address, containing the following corporate documents including original corporate documents, unopened bank correspondence and a Client feedback survey to assess the quality of our Jordan business incorporation services.