Company formation in brief
In accordance with the corporate legislation of Albania (which is not an offshore destination and/or a tax heaven), a foreign investor can own a business in Albania without any special restrictions and has an opportunity to conduct activity in this country through such legal forms of enterprises as:
Limited Liability Company (Shpk)
Joint Stock Company (Sha)
A limited liability company (Shpk) is the most common type of closed enterprise in Albania and has the following features:
A joint stock company (Sha) has the following features:
Every new company is required to register with the tax authorities of Albania within 5 business days from the date of establishment. Albania is not a tax heaven and all businesses operating in Albania are subject to income tax, VAT and certain other national and local taxes. In addition to federal taxes, Albania levies a variety of local duties and taxes, the main ones of which are registration fees at court and tax authorities, taxes on advertising, premises, environment, etc.
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