Jordan is becoming a major investment destination in the region, and the government has strived to promote and encourage investments by granting investors an array of incentives for doing business within Jordanian territories. Investors focus largely on the costs associated with carrying out their commercial activities in Jordan. A major cost...
TYPES OF COMPANIES: The Companies Law No. 22 of 1997 (Companies Law) offers investors several types of companies for incorporation and investment in Jordan, the most common of which are the Limited Liability Companies (LLC), Private Shareholding Companies (PSC) and Public Shareholding Companies (PLC...
This chapter contains an overview of the legal framework in which local and foreign investors operate in Jordan including an outline of workers’ rights and employer regulations and a summary of the types of company for investment. This chapter contains a viewpoint from Khaled Asfour, Managing Partner, Zu’bi Advocates & Legal Consultants.
As ongoing volatility continues to hamper growth in the region, Jordan has made significant progress in preserving macroeconomic stability and reducing its fiscal deficit in the past few years. Efforts to the fulfill the stipulations of a $723m extended fund facility agreement with the IMF continue, and the government may need to pursue more widespread reforms to increase income tax revenues and limit tax avoidance so as to sustain recent momentum.
Following almost six decades of isolation, Myanmar reopened its doors in 2011. The country has since significantly modernised its legal system. The government has made concerted efforts to replace antiquated legislation that dates back to the British colonial era, plug legal loopholes, and build public awareness of the importance of laws and...
In 2017 the Myanmar government continued its efforts to update and streamline the country’s legal framework. The long-awaited Companies Law has been enacted and is expected to greatly modernise the corporate regulatory regime, bringing it in line with international best practices.
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