MB Consulting provides a fast, reliable and inexpensive Albania Company Formation Service. If you are planning to register a company in Albania, you have come to the right place. We offer a personal service, guiding you through every step of Albania company formation. Furthermore, we offer comprehensive tax, accounting, payroll, and property valuation services.
From drafting the required documents to formally establishing the type of business entity, we provide efficient and effective company formation representation. Our experienced consultants take the time to learn about your industry sector, your unique needs and goals and then inform you about your Albania company formation options. Your business structure preferences, financial goals, liability protection as well as other variables will be taken into account.
Experienced Albania Company Formation Guidance
MB Consulting provides a full range of Albania company formation services, including:
- Registration of limited liability companies (LLC)
- Registration of joint stock companies
- Registration of sole entrepreneurs and partnerships
- Registration of a branch in Albania
- Registration of a subsidiary in Albania
- Registration of a representative office in Albania
As part of our full-service business formation practice, we assist in drafting the documents necessary to register a business in Albania. We prepare shareholder and partnership agreements, by-laws, board resolutions, power of attorney, and other required documents.
Our business lawyers understand the concerns of small and medium business owners. We anticipate any issues and eliminate both legal and tax risk through comprehensive planning and protection measures.
Types of businesses in Albania
Company formation in Albania is regulated by Law No. 9901, dated April 14th, 2008 “On entrepreneurs and companies”. Albania does not restrict foreign ownership of companies and repatriation of profits and equity.
An entrepreneur planning to register a company in Albania can choose among several types of legal entities such as sole entrepreneur, general partnerships, partnerships, limited partnerships, limited liability companies, joint stock companies, foreign company branches or representative offices.
Foreign companies wishing to establish a presence in Albania, have the choice of setting up a branch office, subsidiary, or a representative office in Albania. In addition, we may act as VAT representatives towards the Albanian tax authorities in certain cases.
Foreign entrepreneurs or professionals who wish to register a company in Albania, can choose to setup and run its operations with or without relocating to Albania.
The National Registration Center
All business entities must register with the National Registration Center. The National Registration Center is the public institution responsible for registering and maintaining the registration information of all businesses in Albania. The national registration center functions as a single window for business registration in Albania; the new business is automatically registered with the tax administration, social and health insurance institute, and the labor office.
A business is considered officially registered after the registration with National Registration Center has been completed and the registration certificate has been issued. The registration certificate contains the Unique Business Identification Number which is needed for dealing with most institutions and business partners. The registration procedure is very fast, it takes about 24 hours to register a new business and receive the registration certificate.
One of the functions of the National Registration Center is to maintain the Albanian Commercial Register and guarantee free access to the public. The NRC portal provides full public access to the current and historical registration information of all business entities. After you register a company in Albania you can use the NRC portal to check the registration status of your business.
Registration Requirements
An Albanian company can be incorporated with a minimum of one shareholder and director. A company can have one shareholder who may be an individual or a corporate entity. There is no restriction on foreign equity participation in an Albanian company. Every company must have a registered office in Albania to which correspondence may be sent.
In general, the requirements to register a company in Albania are the following:
- Company name
- Brief Description of business activities
- Registered office address in Albania
- Shareholder(s) particulars and percentage
- Director(s) particulars
- Minimum paid-up share capital of ALL 100 or more
- Memorandum and Articles of Association
Registration Procedure and Timeline
The process of Albania company formation is quick and efficient. The company can be registered with the National Registration Center in 1-2 working days under normal circumstances. The main steps are the following:
- Check for availability of business name and reserve name.
- Draft the legal documents (Memorandum, Articles of Association, decision of the board or power of attorney).
- Apply for registration with the National Registration Center
- Obtain the Registration Certificate and Registration Extract.
- Register with the Municipality Bureau of Internal Revenue
We provide entrepreneurs and foreign companies with smart and valuable Albania company formation solutions. Contact us today.
