Public shareholding company (الشركة المساهمة العامة) ش.م.عJordan
What it takes to form, own and run a public limited company in Jordan, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
Quote
A - The management of the Public Shareholding ... Company Board of Directors of at least a number ... of its members from three people and no more ... than thirteen as determined by the Company
Quote
(20%) عشرون بالمائة لجميع الأشخاص الاعتباريين باستثناء ما ورد في البندين (2) و(3) من هذه الفقرة.
Form it
Who registers it
- Registry
- Formed without visiting
- Yes
- Formed online
- Yes
What it takes to form
- A notary
- Not required
- A resident director
- Not required
- Paying up the capital
- Subscribed capital not less than JOD 100,000 or 20% of authorised capital, whichever is more.
Own it
Who may own and run it
- Directors
- At least 3 · a company may be one
Quote
A - The management of the Public Shareholding ... Company Board of Directors of at least a number ... of its members from three people and no more ... than thirteen as determined by the Company
- Shareholders
- At least 2 · a company may be one
Quote
Beneficiary - Natural or legal person
- Members
- At least 2 · one person may form it alone
Quote
تتألف من عدد من المؤسسين ال يقل عن اثنين
- A local company secretary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local registered agent
- Not stated
The registry’s and the law’s own pages do not mention it.
Each year, at the registry
- Annual registry fee
- Not stated
The registry’s and the law’s own pages do not mention it.
- Accounts on the public record
- Yes
Quote
The board of directors of the public shareholding ... company shall publish the general budget of the ... company, its profit and loss account, and a full ... summary of the annual report of the board and
- Audit for a small company
- Required
Quote
1 - The annual balance sheet of the company and ... all certified by the ... company's auditors.
- Audit
- The general assembly elects one or more licensed auditors for a renewable one-year term and fixes their fees (art. 192).
Quote
Shareholding Company Limited Liability Company
Important dates
When each obligation falls due, as the authority states it.
- Ordinary general assembly inside the Kingdom at least once a year
- 4 months after the end of the accounting period
Art. 169: to be held within the four months following the end of the financial year, on a date set by the board in agreement with the Controller.
What is public
- Directors
- Public
Quote
الاستعلام بواسطة اسم الشريك
- Shareholders
- Public
Quote
الاستعلام بواسطة اسم الشريك
- Beneficial owners
- To the authorities only
Quote
الاستعلام بواسطة اسم الشريك
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Varies · 20–35%
Income Tax Law No. 34 of 2014 as amended (consolidated, art. 11(b)): corporate persons pay 20%, 24% for the listed sectors, 35% for banks.
Quote
(20%) عشرون بالمائة لجميع الأشخاص الاعتباريين باستثناء ما ورد في البندين (2) و(3) من هذه الفقرة.
- CFC rules in Jordan
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Liquidation of limited liability, private and public shareholding companies, through the Companies Control Department's liquidation service.
Quote
تصفية الشركات المساهمة العامة والخاصة وذات المسؤولية المحدودة
- Statutory fee
- Not in our records
Every business in Jordan
GST
- Standard rate
- 16%
General Sales Tax Law of 1994, art. 6(a), as published article by article on the Income and Sales Tax Department's site. Goods and services in the law's schedules are taxed at zero or at reduced rates (2%, 4%, 5%, 10% appear in the Department's rates table); the schedules were not recorded here.
Quote
تفرض بمقتضى هذا القانون ضريبة عامة على استيراد أي سلعة أو خدمة أو بيع أي منهما بنسبة (16%) من قيمة هذه السلعة أو بدل هذه الخدمة
- Other rates
- Not stated
- Registration threshold
- Not in our records
- Voluntary registration
- Yes
Art. 14(b): a person whose sales are below the registration threshold may apply to the Department to be registered, and then falls under the rules for registered persons.
Quote
يجوز للشخص الذي لم تبلغ قيمة مبيعاته من السلع أو الخدمات الخاضعة للضريبة حد التسجيل أن يقدم طلباً إلى الدائرة لتسجيله
- A foreign company
- See the note
The General Sales Tax Law articles 1 to 20 on the Department's site were read; none states a rule for a supplier with no establishment in Jordan, so these fields are left as gaps.
- Returns filed
- Depends on the business
Quote
على المسجل الملزم بدفع الضريبة العامة أن يقدم للدائرة كل شهرين إقرارا بمبيعاته من السلع والخدمات تحدد فيه قيمتها ومقدار الضريبة العامة المستحقة عليها ، وتعتبر مدة الشهرين فترة ضريبية واحدة
- Tax authority
- Income and Sales Tax Department (ISTD), Government of Jordan
Payment and banking services
1 service names Jordan on its own list: Paysera. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Public limited companyDerived our grouping, the same words in every country
- Name in law
- Public shareholding company (الشركة المساهمة العامة) (ش.م.ع)
- ISO 20275 code
- BL60Secondary GLEIF, Entity Legal Forms code list