Amman, May 5 (Petra) – General Controller of Companies, Wael Armouti, said building a "genuine" partnership with the private sector is the "cornerstone of strengthening the national economy." During a meeting organized by the Jordanian Businessmen Association (JBA) on Tuesday, Armouti called for engaging the private sector in forging policies and legislation to ensure an "attractive and sustainable" investment environment.
Noting significance of enabling investment as a national priority, he noted Economic Modernization Vision represents a fundamental pillar in the work of the Companies Control Department, which is achieved by focusing on developing the legislative environment, creating a modern and flexible business environment, and re-engineering procedures to spare investor time and effort.
Armouti added that the department has worked during the past period to implement a package of reform measures, mainly the complete digital transformation of all transactions and the streamlined procedures for company establishment and registration, which enhances efficiency and speed in processing transactions.
According to a JBA statement, Armouti said the Companies Control Department continues its efforts to streamline procedures and facilitate services for companies and investors.
He stated this effort is part of the department's commitment to improving the business environment and enhancing investment attractiveness by developing e-services and expediting transactions.
This action, he noted, enables companies to complete their procedures with flexibility and efficiency, which would support their activity and expansion across various economic sectors.
During last year, he said the department issued 96,367 company information records electronically without human intervention, and 19,607 copies of archived documents, while the number of completed e-applications reached 493,751.
He indicated that the number of companies registered electronically last year increased by 18.7%, compared to 2024, while the number of companies whose registration was canceled or terminated went down by 26.5%.
7,606 companies activated their online accounts, while the legal status of 180 companies was changed, and the number of companies whose registration was repealed or terminated reached 1,338, he pointed out.
In turn , the JBA Chairman, Ayman Alawneh, noted the department's "pivotal" role in streamlining company establishment procedures, facilitating registration, and promoting governance and transparency principles, which would increase investor confidence and improve investment climate.
He noted the 32% increase in the number of registed companies in Jordan, compared to 2019 reflects an improved business environment and growing investor confidence in the national economy.
//Petra/AG
