The following information regarding company law is classified into three main parts. The first part explains the nature of companies according to the Jordanian law. The second part discusses the major types of companies with a financial tincture in Jordan. The third part is dedicated to partnership. In this regard it should be noted that a joint venture need not be registered in Jordan and, hence, is not governed by the Company Law. A joint venture is typically regulated by the contractual agreement between the joint venture parties. This does not apply in the event that the parties envisage the establishment of a corporate entity.
The nature of the company to be registered must be defined. This is accomplished by specifying both the type and class of company.
Nature of Companies
Under the Jordanian Company Law different types of companies offer different advantages and have different requirements and conditions for both registration and operation. The following are the types of companies, definitions, and registration procedures:
Limited Liability in Shares
Private Shareholding Companies
Types of a company according to Financial Tinctures: Within each company “type”, the “class” of company must also be specified. Each class of company has its own set of conditions. The classes of company permissible by law are as follows: