Open an SPV Company in Albania

Investors can open an SPV company in Albania. SPV stands for special purpose vehicle, which is a type of entity that is set up for completing a specific investment project or for isolating risks. Our consultants, specialized in company formation in Albania, can help you set up this entity here.

What is the purpose of an SPV company in Albania?

The SPV in Albania is set up for the same purposes as in other European countries. Some of the main reasons for opting for this entity are:

1. incorporating a separate company for the purpose of developing certain investment projects (such as infrastructure projects) – the SPV will handle all matters associated with the respective project (contracts, financing, etc.);
2. the SPV can be used for corporate structuring and restructuring;
3. securitization purposes – the SPV can be employed for securing certain corporate assets, by isolating them from other companies belonging to the same group.

What is the law applicable to the SPV?

The SPV must abide by the rules and regulations applicable to other companies. Please know that although the SPV is recognized as a legitimate way to start a business in Albania, at the moment, the country does not provide a standalone securitization law, which usually regulates the activity of this type of entity in other European countries.

What is the incorporation process for an SPV company?

The steps on company formation in Albania for the SPV company are the same as the one investors must abide by when incorporating a legal entity in any other industry (in other words, the standard rules apply). Below, our consultants present some of these steps:

• assign a trade name and a registered address;
• draw up and sign the statutory documents;
• register for taxation;
• open a corporate bank account;
• obtain a business identification number;
• register with the local authorities (for company incorporation, taxation, labor, social security, etc.).

What company type should I select for my SPV?

The SPV must be incorporated under one of the legal entities that have separate legal personality. In this case, businessmen can opt for:

• the limited liability company;
• the joint stock company.

What is the minimum number of shareholders?

The company can be set up by only 1 shareholder (both of the company types we have mentioned above can be registered by a single shareholder). Albanian law does not set a maximum number of members for a limited liability company.

What types of shareholders are accepted?

The law allows shareholders to be natural persons or other legal entities.

Are there any capital requirements?

Yes, when setting up a company in Albania as one of the business forms presented earlier, investors must deposit a minimum share capital of ALL 100 for the limited liability company and if they incorporate the joint stock company, the minimum capital requirements will be ALL 3,5 million.

What is the duration of the incorporation process?

Registration of a legal entity with the National Business Center usually takes around 3 to 5 business days. We recommend you ask for legal representation from our consultants so that you can be sure all the stage are completed as required by law and that all the documentation is properly submitted following the rules and requirements of each institution.

Why select our team?

By selecting theservices of our team, you can rest assured that the registration of the SPV company is completed as required by law. We can provide tailored assistance and solutions to any issues and we can offer guidance throughout all the registration stages. Of course, you can rely on us for post-incorporation assistance, tax advice and compliance and many others.

Please contact our team of specialists in company formation in Albania for any information you may have on the SPV company.