The Legal System
The government has long recognized the need for establishing business-enabling structures with strong investment incentives. The major aim is developing effective regulatory framework that activates the role of the private sector, increases the volume of domestic investment, and attracts inward international investment. A wide-ranging legislative package has been drafted and introduced to foster a more efficient and transparent business environment.
The main laws regulating investment related issues in Jordan are mentioned in the list below.
|Major laws regulating the business and investment environment in Jordan
|Investment law No.68 of 2003
||The Privatization Law No. 25 of 2000
|Investment Promotion Law No. 67 of 2003
||Enterprise Development Law No 71 of 2003
|Electronic Transactions Law No. 85 of 2001
||The Standards and Metrology Law No. 22 of 2000
|Securities Law No. 76 of 2002
||Company Law No. 22 of 1997
|Trade Secretes and Unfair Competition Law No.15 of 2000
||Commercial Agents and Intermediates Law No.28 of 2001
|The Industry and Trade Law No. 18 of 1998
||The Import and Export Law No. 21 of 2001
|Sales Tax Law No. 6 of 1994
||The Banks Law No.28 of 2000
|Professional Licenses Law No. 28 of 1999
||The National Production Protection Law No. 21 of 2004
|Arbitration Law No. 31 of 2001
||Competition Law No. 33 for 2004
|Law of Leasing and Selling Immovable Properties to Non-Jordanians and juristic personsNo.24 of 2002
||The Law for Endorsing the United Nations Agreement for Anti Corruption No. 28 of 2004
|Free Zones Corporation Law No. 32 of 1984
||Credit Information Law No. 82 of 2003
|Custom Law No.20 of 1998
||Social Security Law No.19 of 2001
|Income Tax Law No. 57 of 1985
||Labor Law No. 8 of 1996
|Environment Protection Law No.52 of 2006.
Business Ventures are regulated and governed by several laws and regulations including the Law of Commerce No. 16 of 1966 Commercial law No 12 of 1996 ( the code) ), the Companies Law No.22 of 1997 and amendments thereto (the 'Companies Law', and the Investment Promotion Law No. 16 of 1995 (the 'Promotion Law') and the Non-Jordanian Investment Promotion Law Regulation issued pursuant to the Promotion Law (The 'Regulations').
Laws that regulate companies, labor, taxation, customs, intellectual property, and the environment.
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