Limited Liability One Person

A Limited Liability Company is consisting of a minimum number of two persons. Therefore, the shall be considered independent from the liability of every shareholder in it. However, the controller may agree to register a limited liability company comprised of one person.

The capital and general information:

• The shares will be transferred to the heirs after the death of the shareholder. 
• Capital shall be not less than 30,000 JD; AND SHALL BE IN Jordanian Dinars divided into indivisible shares of equal value or not less than one Dinar each. 
• One person among the shareholder should be appointed to represent them before the Company; otherwise they become holders of such share. 
• The name of limited liability shall be derived from its objectives followed by (with limited liability).

Registration of the company: 

The registration application must be submitted to the controller accompanied by the company's Articles and Memorandum of Association on the approved forms for this purpose and shall be signed before the controller or before delegated person by the controller or before a licensed lawyer. 

The Articles of association of the limited liability company shall incorporate the following: 

• Company's name, objectives, headquarters. 
• Names, nationalities, addresses of the shareholders. 
• The amount of Capital. 
• Shares of each shareholder. 
• Any other additional data which the shareholders must obtain. 

The decision of the approval of the registration of the company will take place in 15 days from the date of submission the registration application by the controller.