Jordan: Operating a Business

Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
A Private shareholding company is a joint-stock company with limited liability. Minimum 30 000 JD. 50% must be subscribed at the constitution and 50% within two years.	Minimum 2. Maximum 50 shareholders. Liability is limited to the amount contributed in capital.
A Public shareholding company is the equivalent of the Public Limited Company. Minimum 500 000 JD. 25% must be subscribed at the constitution and 75% within 4 years.	Minimum 2. No maximum Liability is limited to the amount contributed.
Limited partnership No minimum capital.	No minimum. Maximum 20 shareholders. One of the partners must have liability for the amount he contributed in the capital.
General partnership No minimum capital.	From 2 to 20 partners Partners' liability is several and unlimited for the debts of the company.

The Competent Organization: The Department of Trade and Industry, the tax department, the social security office and the Town Council where the company has set up business are the competent organizations for registering a company.

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Jordan.
Jordan Investment Board, Register your company.

	2010
Labor Force	1,719,000

Source: CIA - The world factbook

Source: UN - United Nations

Legal Weekly Duration: 8 hours a day, 48 hours a week.
Retirement Age: 60 for men and 55 for women.
Working Contracts: Jordanian labor law is governed by the law of 1996 and its amendments. The law is completed by application regulations. If a more profitable collective agreement exists, this is the one that will be applied. The work contract must be drawn up in duplicate in Arabic. There are three types of work contract, the open-ended contract, the fixed-term contract, and the apprenticeship contract.

Minimum Wage: 110 JD (154 USD)
Average Wage: Average monthly gross earnings in Jordan is JOD 200 (USD 284).
Social contributions: Social Security Contributions Paid By Employers: 10%
Social Security Contributions Paid By Employees: 5%

Social Dialogue and Involvement of Social Partners: There are 17 unions in Jordan, all affiliated to the General Federation of Jordanian Trade Unions (GFJTU), the only organization recognized and subsidized by the State.
Unions: Ministry of Labor website, page dedicated to workers' complaints
Unionization Rate: About 30% of the active population is unionized.
Labor Regulation Bodies: Jordanian Ministry of Labor

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