REDUCING CAPITAL REQUIREMENTS FOR LIMITED LIABILITY CORPORATIONS

The objective is to support advocacy activities to reduce of capital requirements for LLCs”. Assess the institutional environment affecting the business environment in general and in specific as it pertains to SMEs and the ease of minimum capital requirement for LLCs. including both the institutional and legislative (laws, by-laws, regulations and procedures) requirements, including minimum capital, that impact the startup of an LLC. The assessment also entails a review of all the steps necessary to register an LLC and all the licenses and procedures in terms of time and cost. Conduct interviews with officials from the Ministry of Industry and Trade, particularly the Companies Controller Department, the Jordan Chamber of Commerce, and the Jordan Chamber of Industry to garner support for the advocacy effort Benchmark findings of the research against best practices around the world including regional and OECD averages, the Doing Business Report and the Global Competitiveness Report.