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LEGAL DETERMINANTS OF REGISTRATION OF MICRO AND SMALL ENTERPRISES UNDER JORDANIAN LAW IN LINE WITH RECOMMENDATIONS OF THE UNITED NATIONS COMMISSION (UNCITRAL) ON LIMITED LIABILITY ENTERPRISES
Resumen
Objective: To analyze the legal determinants of registering micro and small enterprises (MSEs) in Jordan and assess the alignment of national legislation with UNCITRAL's recommendations on limited liability enterprises.
Method: This study adopts a qualitative and legal-comparative approach, based on the review of Jordanian commercial and company laws, as well as UNCITRAL legislative guides. It involves a normative legal analysis to identify gaps, barriers, and possibilities for harmonizing local legal structures with international standards.
Results: The study found that Jordan’s current legal system imposes considerable constraints on MSE registration, particularly due to the inflexibility of the Commercial Register and the structure of limited liability companies. As a result, most enterprises operate informally. Among available legal frameworks, the LLC model aligns best with UNCITRAL’s guidance but still lacks full procedural simplicity and partner protection. Key legal instruments are outdated and require reform.
Conclusion: Substantial legal reforms are needed in Jordan to facilitate accessible and efficient registration processes for MSEs. Revisions to the Companies Law and Commercial Register System are recommended, including the development of guidance manuals and legal reliefs during early business stages. Adapting UNCITRAL's framework would foster formalization and support entrepreneurship.
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DOI: http://dx.doi.org/10.21902/Revrima.v4i50.7881
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Revista Relações Internacionais do Mundo Atual e-ISSN: 2316-2880
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