AMMAN — In 2022, 1,800 companies exited
the Jordanian market, while 3,000 remained, according to the companies general
controller at the government’s
Companies Control Department (CCD), Wael
Al-Armouti.
اضافة اعلان
When a company is insolvent, that does not
mean it is bankrupt, Armouti explained to Al-Mamlaka TV. Rather, insolvency
points to a company’s inability to pay its debts, or a state in which its
liabilities have exceeded its assets.
Meanwhile, last year, 1,085 companies raised
their capital, and more than JD300 million in capital was recorded, he said.
The CCD “has greatly simplified all
procedures for registering companies”, Armouti added. Thanks to legislative
amendments, registration can now be completed within a matter of hours.
Read more National news
Jordan News
.jpg)
.jpg)
