Jordan’s startup sector needs clearer regulations, faster procedures and a dedicated support channel, according to corporate lawyer Qais Frihat, who said existing laws largely treat startups like traditional companies.
Frihat said the Companies Law and investment legislation do not clearly define startups or provide tailored treatment. Current incentives also tend to focus on larger projects, using measures such as employee numbers and sales that may not reflect startup realities.
He said Jordan does not necessarily need a new startup law. Instead, targeted amendments could define startups and provide more suitable rules within existing legislation. He also proposed a small unit under a relevant government body to guide founders through registration, licensing, tax, social security and other requirements.
Frihat highlighted the cost and complexity of closing inactive companies, warning that some founders leave businesses unresolved because liquidation procedures are too burdensome. He also urged founders to seek specialist legal advice early, choose the right legal structure and protect intellectual property from the outset.
The discussion also featured SYNIRO founder Muath Al Hassan, whose project addresses prolonged sitting among professional drivers. Al Hassan said competitions, legal and financial advice, and early patent protection helped refine the product and shift its focus from Jordan toward regional and global markets.
Source: Amman Net
