Cabinet halves business registration fees in Aqaba

Amman, The Council of Ministers on Monday approved a decision by the Aqaba Special Economic Zone Authority (ASEZA) Board of Commissioners to cut by 50% the fees of registration of businesses and economic activities for the first time.

Under the decision, which was endorsed in a meeting chaired by Prime Minister Omar Razzaz, the fees of registration and authorization of the company will be JD500 instead of 1,000 dinars to be paid for the first time, and JD250 instead of 500 to be settled as an annual fee for each activity practiced by the institution, within simplified registration and licensing procedures.

The decision aims to encourage institutions to carry out economic activities in Aqaba as registered entities to benefit from the exemptions and advantages of offered by ASEZA.

The move is part of the government’s efforts to ensure the stability of the companies, reinvigorate the economy, attract investment and encourage businessmen to launch new ventures in addition to ease the burdens on investors in a manner to reflect positively on small- and medium-sized enterprises.

Source: Jordan News Agency