{"id":9025,"date":"2023-02-25T10:49:33","date_gmt":"2023-02-25T10:49:33","guid":{"rendered":"https:\/\/modern-lawfirm.com\/?p=9025"},"modified":"2023-02-26T13:57:41","modified_gmt":"2023-02-26T13:57:41","slug":"offshore-company-under-the-jordanian-companies-law","status":"publish","type":"post","link":"https:\/\/modern-lawfirm.com\/en\/offshore-company-under-the-jordanian-companies-law\/","title":{"rendered":"Offshore Company Under the Jordanian Companies Law"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"9025\" class=\"elementor elementor-9025\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3e39f0d8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3e39f0d8\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\r\n\t\t\r\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4fbb683f\" data-id=\"4fbb683f\" data-element_type=\"column\">\r\n\t\t\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\r\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-25b15fe5 elementor-widget elementor-widget-porto_ultimate_heading\" data-id=\"25b15fe5\" data-element_type=\"widget\" data-widget_type=\"porto_ultimate_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"porto-u-heading  porto-u-4446\"><div class=\"porto-u-main-heading\"><h2   >The Offshore Company<\/h2><\/div><div class=\"porto-u-sub-heading\" style=\"\">\n<p style=\"text-align: justify;\">\n1.  An Offshore company is a joint stock company, a partnership limited by shares, a limited liability company, or a private joint stock company registered in the Kingdom and conducts its business abroad. The phrase (Offshore company) should be added to its name.\n\n<\/p>\n<p style=\"text-align: justify;\">\n2. An Offshore company is prohibited from offering its shares for subscription in the Kingdom.\n\n<\/p>\n<\/div><style>.porto-u-4446.porto-u-heading{text-align:inherit}<\/style><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-650ed6b3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"650ed6b3\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\r\n\t\t\r\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-275cf429\" data-id=\"275cf429\" data-element_type=\"column\">\r\n\t\t\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\r\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-73508099 elementor-widget elementor-widget-porto_ultimate_heading\" data-id=\"73508099\" data-element_type=\"widget\" data-widget_type=\"porto_ultimate_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"porto-u-heading  porto-u-3116\"><div class=\"porto-u-main-heading\"><h2   >Company, Registration, capital and Objectives<\/h2><\/div><div class=\"porto-u-sub-heading\" style=\"\"><p style=\"text-align: justify;\">\nThe Offshore company shall be registered with the Controller in a special registry for Jordanian companies operating outside the borders of the Kingdom. Its capital must not be less than the minimum set by the relevant legislation.\n\n<\/p>\n<p style=\"text-align: justify;\">\nIf the company's objective is export and import, the capital should be not less than (5000) J.D.\n\n<\/p>\n<\/div><style>.porto-u-3116.porto-u-heading{text-align:inherit}<\/style><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-217d779b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"217d779b\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\r\n\t\t\r\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-92eed25\" data-id=\"92eed25\" data-element_type=\"column\">\r\n\t\t\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\r\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5fea9a11 elementor-widget elementor-widget-porto_ultimate_heading\" data-id=\"5fea9a11\" data-element_type=\"widget\" data-widget_type=\"porto_ultimate_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"porto-u-heading  porto-u-2944\"><div class=\"porto-u-main-heading\"><h2   >the Registration<\/h2><\/div><div class=\"porto-u-sub-heading\" style=\"\"><p style=\"text-align: justify;\">\n1. The offshore company shall be registered according to the Jordanian Companies Law.\n\n<\/p>\n\n\n<p style=\"text-align: justify;\">\n2. The application for the Offshore company registration shall be submitted to the officer of the company control department, following the form approved for this purpose, attached to its Memorandum of Association and Articles of Association, indicating the type of the company and its objectives.\n\n<\/p>\n<p style=\"text-align: justify;\">\n3. Non-Jordanian nationality requires approvals from intelligence, the ministry of interior and public security.\n\n<\/p><\/div><style>.porto-u-2944.porto-u-heading{text-align:inherit}<\/style><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1fd4e5be elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1fd4e5be\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\r\n\t\t\r\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1aa3a589\" data-id=\"1aa3a589\" data-element_type=\"column\">\r\n\t\t\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\r\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9b7e328 elementor-widget elementor-widget-porto_ultimate_heading\" data-id=\"9b7e328\" data-element_type=\"widget\" data-widget_type=\"porto_ultimate_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"porto-u-heading  porto-u-9632\"><div class=\"porto-u-main-heading\"><h2   >The Obligations<\/h2><\/div><div class=\"porto-u-sub-heading\" style=\"\"><p style=\"text-align: justify;\">\nThe Offshore company is obligated to:\n\n<\/p>\n<p style=\"text-align: justify;\">\n\u2022\tWork within the objective for which it was established.\n\n<\/p>\n<p style=\"text-align: justify;\">\n\u2022\tNot to exercise any of its objectives inside the Kingdom.\n\n<\/p>\n<p style=\"text-align: justify;\">\n\u2022\tTo have a clear material headquarters in the Kingdom.\n\n<\/p>\n<p style=\"text-align: justify;\">\n\u2022\tA certified accountant should be appointed as the registered certified accountant to fill tax returns annually.\n\n<\/p>\n<p style=\"text-align: justify;\">\n\u2022\tA legal advisor should be appointed to act as the registered lawyer with the Jordan Bar Association annually.\n\n<\/p><\/div><style>.porto-u-9632.porto-u-heading{text-align:inherit}<\/style><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-744e967d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"744e967d\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\r\n\t\t\r\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-24fb5ba4\" data-id=\"24fb5ba4\" data-element_type=\"column\">\r\n\t\t\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\r\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-48eb05bd elementor-widget elementor-widget-porto_ultimate_heading\" data-id=\"48eb05bd\" data-element_type=\"widget\" data-widget_type=\"porto_ultimate_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"porto-u-heading  porto-u-8157\"><div class=\"porto-u-main-heading\"><h2   >Holding Meetings<\/h2><\/div><div class=\"porto-u-sub-heading\" style=\"\"><p style=\"text-align: justify;\">\nThe Offshore company may hold company meetings inside or outside the Kingdom.\n\n<\/p><\/div><style>.porto-u-8157.porto-u-heading{text-align:inherit}<\/style><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-789d8536 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"789d8536\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\r\n\t\t\r\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2a0a380\" data-id=\"2a0a380\" data-element_type=\"column\">\r\n\t\t\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\r\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-42db307d elementor-widget elementor-widget-porto_ultimate_heading\" data-id=\"42db307d\" data-element_type=\"widget\" data-widget_type=\"porto_ultimate_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"porto-u-heading  porto-u-3790\"><div class=\"porto-u-main-heading\"><h2   >Number of Jordanians employed<\/h2><\/div><div class=\"porto-u-sub-heading\" style=\"\"><p style=\"text-align: justify;\">\nThe number of Jordanians working for an Offshore company in the Kingdom may not be less than half of the total number of its employees.\n\n<\/p><\/div><style>.porto-u-3790.porto-u-heading{text-align:inherit}<\/style><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6be58e2a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6be58e2a\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\r\n\t\t\r\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3d2d8b5b\" data-id=\"3d2d8b5b\" data-element_type=\"column\">\r\n\t\t\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\r\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ca29c53 elementor-widget elementor-widget-porto_ultimate_heading\" data-id=\"4ca29c53\" data-element_type=\"widget\" data-widget_type=\"porto_ultimate_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"porto-u-heading  porto-u-5060\"><div class=\"porto-u-main-heading\"><h2   >Annual bank guarantee<\/h2><\/div><div class=\"porto-u-sub-heading\" style=\"\">\n<p style=\"text-align: justify;\">\nUpon approval of its registration, the exempted company shall submit an unconditional annual bank guarantee in the officer of the company control department name, automatically renewed to cover its obligations towards the Department, not less than (5000) J.D.\n\n<\/p><\/div><style>.porto-u-5060.porto-u-heading{text-align:inherit}<\/style><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3bb5870d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3bb5870d\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\r\n\t\t\r\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6ac92ff0\" data-id=\"6ac92ff0\" data-element_type=\"column\">\r\n\t\t\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\r\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-508148b0 elementor-widget elementor-widget-porto_ultimate_heading\" data-id=\"508148b0\" data-element_type=\"widget\" data-widget_type=\"porto_ultimate_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"porto-u-heading  porto-u-2350\"><div class=\"porto-u-main-heading\"><h2   >Exemption from tax<\/h2><\/div><div class=\"porto-u-sub-heading\" style=\"\"><p style=\"text-align: justify;\">\nArticle 4\/c\/3 of the Income and Sales Tax Law The income of the following persons and entities shall be exempted from tax...(3) \u201cThe Offshore company is registered under the Companies Law and obtained from carrying out its business outside the Kingdom\u201d.\n\n<\/p><\/div><style>.porto-u-2350.porto-u-heading{text-align:inherit}<\/style><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-49ffb057 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"49ffb057\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\r\n\t\t\r\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3dd5074c\" data-id=\"3dd5074c\" data-element_type=\"column\">\r\n\t\t\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\r\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5d17bc1d elementor-widget elementor-widget-porto_ultimate_heading\" data-id=\"5d17bc1d\" data-element_type=\"widget\" data-widget_type=\"porto_ultimate_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"porto-u-heading  porto-u-3639\"><div class=\"porto-u-main-heading\"><h2   >Modern Law Firm<br>Amman<br>Jordan<\/h2><\/div><style>.porto-u-3639.porto-u-heading{text-align:inherit}<\/style><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The Offshore Company 1. An Offshore company is a joint stock company, a partnership limited by shares, a limited liability company, or a private joint stock company registered in the Kingdom and conducts its business abroad. The phrase (Offshore company) should be added to its name. 2. An Offshore company is prohibited from offering its [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-9025","post","type-post","status-publish","format-standard","hentry","category-articles-en"],"acf":[],"featured_image_src":{"landsacpe":false,"list":false,"medium":false,"full":false},"_links":{"self":[{"href":"https:\/\/modern-lawfirm.com\/en\/wp-json\/wp\/v2\/posts\/9025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/modern-lawfirm.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/modern-lawfirm.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/modern-lawfirm.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/modern-lawfirm.com\/en\/wp-json\/wp\/v2\/comments?post=9025"}],"version-history":[{"count":29,"href":"https:\/\/modern-lawfirm.com\/en\/wp-json\/wp\/v2\/posts\/9025\/revisions"}],"predecessor-version":[{"id":10558,"href":"https:\/\/modern-lawfirm.com\/en\/wp-json\/wp\/v2\/posts\/9025\/revisions\/10558"}],"wp:attachment":[{"href":"https:\/\/modern-lawfirm.com\/en\/wp-json\/wp\/v2\/media?parent=9025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/modern-lawfirm.com\/en\/wp-json\/wp\/v2\/categories?post=9025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/modern-lawfirm.com\/en\/wp-json\/wp\/v2\/tags?post=9025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}