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General Partnership Company’s partners: The General Partnership Company shall consist of a number of natural persons, not less than two and not more than twenty, unless the increase is due to inheritance.
- No person may be a partner in a General Partnership Company unless he is at least eighteen years of age.
- Name of the Company The name of the General Partnership Company shall consist of the names of all the partners, or of the name or surname of each of them or of the name of one or more of the partners or his name, provided that, in this case, the phrase “and his partners” or “and partners” is added to his name or their names, as the case may be, or what would lead to the meaning of this phrase. The title of the Partnership shall always comply with its existing status.
- Trade Name: The General Partnership Company may have its own trade name provided that the said name is associated with the title under which the Partnership is registered and that it appears on all the documents and papers issued by the Partnership or dealt with and on its correspondence.
- Partners’ Responsibility: The partner in the General Partnership Company shall be jointly and severally liable with the rest of the partners for all the Partnership’s debts and obligations which became due on the Company during the period he is a partner therein. He shall guarantee the Company debts and obligations by his own private property. This liability and guarantee shall be transferred to his heirs after his death within the limits of the amount inherited.
- Management of the Company: Each partner shall have the right to take part in the management of the General Partnership and the Partnership Agreement shall specify the names of partners authorized to manage and sign on its behalf and their powers. The authorized person shall realize the operations of the Company in accordance with the provisions of the Companies Law and the regulations issued in line therewith and within the authorities delegated to him and the rights given to him under the Partnership Agreement. The authorized person shall not have the right to receive any remuneration or wages in return for his work in the management of the Company
- General Partnership Company Capital is not limited unless its objectives require more capital according to the related regulation; AND SHALL BE IN Jordanian Dinars divided into indivisible shares of equal value of not less than one Dinar each
Ps. Kindly note that The Non-Jordanians Investment Regulation states that:
The non-Jordanian investment shall not be less than (JD50, 000) fifty thousand Jordanian Dinars or the equivalence thereof, with the exception of participating in public shareholding companies.
Power of Attorney Form
| Service | Official Fees | Profession Fees | Total |
|---|---|---|---|
| Filing General Partnership Company (GPC), (provided that Article and Memorandum of Association to be prepared by our office) | Depending on the Companies Capital | 2000.00 | Depending on the Companies Capital |
| Capital increase fees | 35.00 | 500.00 | 535.00 |
| Stamp duty | 0.003 | ——– | Depending on the Companies Capital |
| POA deposition fees | 15.00 | ——– | 15.00 |
| Article and Memorandum of Association Deposition Fees | 15.00 | 135 | 150 |
| Fees for the issuance of the Company Registration Certificate | 15.00 | 100 | 115 |
| Reviewing Company’s File At CCD (Companies Control Department) | 30 | 150 | 180 |
| Filling any documents at CCD | 15 | 100 | 115 |
| Any amendments after registration | 30 | 150 | 180 |
| Mortgage / release mortgage | 30 | 150 | 180 |
| Photocopying any document of the company file at the CCD | 8 | 52 | 60 |
| Authentication of any document of the company file from CCD | 8 | 52 | 60 |
| Publication fees in the official Gazette | 20 | 50 | 70 |
| Company Name & Trade name Search | 10 | 80 | 90 |
| Publication in daily newspaper | Upon Actual Cost | ——– | Upon Actual Cost |
| Liquidation of Public Shareholding Company and appointing a liquidator | 185.00 | 2000.00 | 2185.00 |
| Partner’s own-will withdrawal | 15.00 | 500.00 | 515.00 |
Kindly note that the above quoted charges are all inclusive, of both (official and professional fees), however, our charges may be subject to increases due to changes in the official fees or exchange rates.
Registration requirements:
§ Personal identification card for Jordanian.
§ Passport for non-Jordanians.
§ An Application for Registration (prepared by our office).
§ Articles and Memorandum of Association (prepared by our office).
§ Approvals for some Company’s objectives in advance from any other entity.
§ Bank account in amount of JD (50.000) for non-Jordanians.
§ Power of attorney notarized and legalized up to the Jordanian Consulate of the applicant country (Suitable form will be provided).
Requirements of any Amendments of General Partnership Company:
§ Amendments form (prepared by our office).
§ ID card identification / passport for non-Jordanians
§ Approvals from any other entity if necessary
§ Upon entering new partners, Bank account in amount of not less than JD (50.000) for non-Jordanians
§ The Article and memorandum of association after being amended
§ Power of attorney notarized and legalized up to the Jordanian Consulate of the applicant country (Suitable form will be provided).
Requirements for Authenticating copies and documents for General Partnership Company (Any filed document and approved, for example:
§ A certified Article and memorandum of association,
§ The registration certificate, and other
§ “To Whom It May Concern” certificate,
§ Power of attorney notarized and legalized up to the Jordanian Consulate of the applicant country (Suitable form will be provided).
Requirements for Looking at/ reading the file of General Partnership Company:
§ Power of attorney notarized and legalized up to the Jordanian Consulate of the applicant country (Suitable form will be provided).
Requirements for Transferring inheritance shares for General Partnership Company:
§ Transferring inheritance shares request application
§ Inheritance shares deed, general cession or private cession deed.
§ List of partners before and after transferring inheritance shares
§ ID card identification / passport for non-Jordanians
§ The Article and memorandum of association after being amended
§ Power of attorney notarized and legalized up to the Jordanian Consulate of the applicant country (Suitable form will be provided).
Requirements for increase the capital of General Partnership Company:
§ Amendments form (prepared by our office).
§ Upon entering new partners, include a copy of their documentations
§ Approvals from any other entity if necessary.
§ A banking book that the partners have deposited 50% or the total increase (if the capital is increased)
§ Upon entering new partners, Bank account in amount of not less than JD (50.000) for non-Jordanians
§ The Article and memorandum of association after being amended
§ Power of attorney notarized and legalized up to the Jordanian Consulate of the applicant country (Suitable form will be provided).
Requirements for Liquidate General Partnership Companies:
§ The application and the report of liquidation
§ ID card identification / passport for non-Jordanians
§ If more than two years have passed, clearance letters are required from the related authorities.
§ Power of attorney notarized and legalized up to the Jordanian Consulate of the applicant country (Suitable form will be provided).
Requirements for transforming the Type of the company:
§ An application for transforming the Type of the company.
§ In case of the transform from a General Partnerships Companies to a Limited liability company, an application signed by all of the partners explaining the reasons must be deposited.
§ An advertisement is given to be published in the newspaper
§ Depositing the balance sheet for the last two years audited by an auditor
Requirements for The partner’s own-will withdrawal:
§ Filling the application of his/ her own-will withdrawal.
§ Sending a notice through registered mail to inform the partners.
§ An advertisement to be published twice in two different newspapers
