Setting up a business in Albania has never been easier, thanks to digital registration systems and streamlined procedures. If you are a foreign entrepreneur looking to enter the Albanian market, this guide provides a comprehensive overview of the essential steps to start your business efficiently.
Types of Business Structures in Albania
Before registering, it’s crucial to decide on the type of business entity that suits your needs:
Sole Proprietorship (Physical Person Business): Ideal for freelancers and self-employed individuals.
Limited Liability Company (SH.P.K.): Most popular for small and medium enterprises, providing legal protection.
Joint Stock Company: Suitable for larger businesses looking to expand internationally.
Branch or Subsidiary of a Foreign Company: Ideal for expanding into Albania while maintaining ties with the parent company.
Key Steps to Registering a Business in Albania
1. Verify Business Name Availability
Before proceeding, check if your desired business name is available using the National Business Centre’s search tool. Ensuring a unique business name avoids legal conflicts and strengthens your brand identity.
2. Online Business Registration Process
The entire registration is digital and free of charge via e-Albania, the government’s online platform. Steps include:
Submitting an application with necessary documents such as Articles of Association and shareholder details.
Using an electronic signature for authentication. Non-Albanian citizens must designate a local representative to sign.
Receiving an official Certificate of Registration within 2-3 business days.
3. Essential Post-Registration Requirements
Once your business is officially registered, complete these additional steps:
Ultimate Beneficial Owner (UBO) Registration: Must be completed within 30 days after company formation.
Fiscal Administration Enrollment: Register with Albania’s tax authorities within the first 48 hours post-registration.
Corporate Bank Account: Open a business account to facilitate financial transactions.
Electronic Fiscal Certificate: Mandatory for all businesses, costing 4000 LEK annually.
Administrator’s Electronic Signature: Required for digital approvals and transactions.
Company Stamp (Optional): Though not legally required, having one can streamline documentation.
Electronic Invoicing Software: Required for tax compliance, with costs varying by provider.
Why Choose Albania for Your Business?
Albania offers business-friendly policies, low taxation, and strategic location within Europe. Benefits include:
100% online business registration
No initial capital required for SH.P.K.
Low corporate tax rates
Access to EU and Balkan markets
Need Professional Assistance?
For a hassle-free business setup, consult our experts at Expatax. We provide personalized guidance to ensure a smooth registration process in Albania. Contact us today for professional assistance in launching your business successfully!
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