Company formation in brief
In accordance with the corporate legislation of Albania, 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.
Albania is not a tax heaven or offshore jurisdiction, and a concept of Albania tax exempt company (and/or Albania offshore company, International Business Company, trust, foundation etc. registration) does not exist in Albania as such. A company formation in Albania could be arranged with a professional registered agent providing incorporation, virtual office and other corporate services in Albania. To set up a company in Albania is possible by correspondence, but to open a bank account in Albania will, most probably, require a personal visit.
Austria, Belgium, Bosnia and Hercegovina, Bulgaria, China, Croatia, Czech Republic, Egypt, Estonia, Germany, Greece, Hungary, Iceland, India, Ireland, Italy, Kosovo, Kuwait, Latvia, Luxembourg, Macedonia, Malaysia, Malta, Moldavia, Norway, Poland, Qatar, Romania, Russia, Serbia, Singapore, Slovenia, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, United Kingdom.
Oops! Something went wrong while submitting the form