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Property and Public Contracting

Jordan welcomes the “establishment of transparent central registers of foreign companies bidding on public contracts and buying property, and intend to explore options for taking similar action.”

Country: Jordan

Status: ongoing

Themes: Beneficial ownership

Last updated: April 2020

Classification:

Concrete: Somewhat Concrete | New: Other | Ambitious: Other

  • 3 Notes:

    The Jordanian Companies Law No. (22) for the year 1997 and its amendments regulated the provisions pertaining to the registration of foreign companies operating in Jordan. Article (240) defines these: “For the purposes of this law, it means the foreign operating company, the company or organization registered outside the Kingdom and whose main center is located in another country; its nationality is Non Jordanian." The Jordanian legislature has laid down the provisions for the registration of these companies, the data to be attached to the application for registration, all of its obligations and the reasons for its deletion from registration. As for the provisions for tenders and public contracts, there is cooperation between the Governmental Procurement Department and the Companies Control Department in the Ministry of Industry and Trade to develop a register of foreign companies with the necessary data on these companies and according to what is stipulated in the government procurement system No. (28) for the year 2019. The Companies Control Department is studying the possibility of creating an online register for foreign companies, and the expected date for its completion is 12/31/2020, given that the procedure requires a legal amendment to rely on it.

    Peer reviewer: 1

    Updated: April 30, 2020

    The anti-money laundering and terrorism financing law identified, in Article 13, the parties subject to the provisions of the law, including financial and non-financial parties, such as banks, exchange companies, companies that undertake financial activities, persons or companies working in real estate, among others. The law however does not make reference to companies bidding for public tenders and contracts, or public procurement, and does not include any administrative procedure such as establishing a national registry of those companies. JIACC, the anti-money laundering unit, the Central Bank, Ministry of Justice, the Prime Ministry, the Companies Comptroller, the Land and Survey Dept. are the bodies concerned with the implementation of this commitment.

    Updated: October 30, 2019

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