Company Registration in Albania

The company formation process in Albania is similar to others in Europe and it involves gathering the necessary documents and submitting them to the National Business Center. Our consultants can provide full legal representation in setting up a company in Albania.

What are the main services your consultants can provide in connection to company formation in Albania?

Our team can represent foreign businessmen who want to open a company in Albania in the following ways:

1. offer advice on the paperwork that needs to be prepared for the incorporation;
2. draft and sign the company’s bylaws;
3. complete specific registration formalities with the National Business Center;
4. registration of the directors/administrators with the tax registration authorities;
5. registration of the legal entity for tax purposes;
6. registration with the Labor Inspectorate;
7. assistance in obtaining a company seal;
8. assistance in obtaining and activating the electronic signature;
9. activation of the company’s profile on the official website of the public services;
10. registration of the company’s Ultimate Beneficial Owner with the Public Register of Beneficial Owners;
11. assistance in setting up a bank account for corporate purposes.

What are the fees charged by your team for incorporating my Albanian company?

Our team charges competitive fees for the above-mentioned company registration services. Concerning this matter, you should know that our team of consultants specialized in company incorporation in Albania apply the following fees:

1. our standard company registration fee is ALL 40,000 (it includes all the above-mentioned aspects);
2. domicile services are also available, by paying a separate fee of ALL 6,000/month;
3. clients can also rely on us for tax services – our basic fee starts from ALL 8,000/month (it can later be reviewed based on the number of documents, the company’s activity, number of employees, etc.).

We invite you to watch our video on how to set up a company in Albania:

Which documents are required for opening my Albanian company?

The main documents are:

• the application form, the Articles of Association;
• the founders’ decision for establishment;
• copies of passports and IDs for all shareholders and administrators;
• the bank certificate to prove the minimum share capital deposit;
• the power of attorney – required when the investors are represented by a third party in the process of setting up a company in Albania.

How long does it take to register a company?

Registering a company here takes around 3-5 working days, however opening a bank account for the company usually takes 4 weeks.

What are the main types of companies in Albania?

The main company types are:

• theAlbanian limited liability company (SHPK) – it is very popular among the investors as it requires only a single shareholder and director;
• the joint stock company – it is similar to the limited liability company (LLC), only that its shares can be publicly traded (it can also be established by a single shareholder);
• investors can also open a Free Zone LLC – LLCs that benefit from special tax exemptions as they are incorporated in the country’s free zones;
• the sole proprietorship – designed for natural persons;
• the general partnership and the limited partnership – they require at least 2 partners;
• the branch office and the representative office – they are subdivisions of the parent company, which can be incorporated for commercial purposes (the branch) and for non-commercial purposes (the representative office).

Is it possible to purchase a shelf company in Albania?

Yes, if you do not want to go through all the steps necessary for the process of company formation in Albania, you have the option to buy a shelf company, which is an already registered company that is put up for sale.

If you are interested in company incorporation in Albania, please reach out to us to explore your options. 

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