Are you dreaming of launching your business in Albania? If so, Enterworld is here to assist you with company registration in Albania. We have successfully registered 500+ companies in Albania.
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2 to 3 days
Company Registration
No
Travel Required
100%
Foreign Ownership
4 weeks
Bank Account Setup
SPecial offer
Company registration in Albania as a limited liability company, locally known as Shoqëri me Përgjegjësi të Kufizuar, is a company structure with 1 shareholder and 1 director. This company structure offers limited liabilities to its shareholders, therefore protecting the personal assets of the shareholders. The minimum share capital required for a limited liability company is 100 Albanian Lek that is €1. It takes 2 weeks to set up the entire LLC and 4 weeks to open a corporate bank account. The recommended bank account is Societe Generale. An LLC is also liable to pay a corporate tax of 15% and must submit its annual financial statements to the Albanian commercial registry. There are two other types of limited liability companies in Albania are fast nominee LLC a shelf company and a free zone LLC that is an Albanian Free Zone Company. Company registration in Albania as a joint company, locally known as Shoqëri Aksionare or Sh.A. is a company structure that is preferred by the large companies. The Albanian Joint Stock Company or Sh.A. can list its shares and trade shares on regulated commercial markets such as the Albanian Stock Exchange (ALSE) or other recognized stock markets. The minimum capital required for the incorporation of a joint stock company in Albania is 10,000 Albanian Lek that is €75 if the shares are listed for public, and €30 for private joint stock companies. It takes 2 weeks for the entire company setup and 4 weeks to open a corporate bank account for a joint stock company in Albania. The recommended bank account is Raiffeisen. The company can be 100% foreign owed and is liable to pay a low standard corporate tax of 15%. Company incorporation for non-residents in Albania as a representative office is a setup that allows foreign companies to have a presence in the country without conducting any business activities or sales. This company structure is mostly used for non-commercial purposes such as promoting the parent company, doing market research, and building local contacts in the country. Unlike a branch office, it cannot sell products, earn income, or sign business deals. The main role of a representative office is to support the marketing and communication efforts of the parent company. To open a representative office in Albania, you must register with the Albanian national Registration Center (NRC). Since this company structure does not generate profits, it is not required to pay income tax or corporate tax and is not required to submit financial statements or report to the tax directorate of Albania. Company registration in Albania for foreign entrepreneurs as a branch office is an extension of a foreign company that can carry out business activities and generate profits in the country. Unlike a representative office, a branch office in Albania is allowed to make sales, sign business contracts, provide services and earn an income. The branch office will have the same legal personality as its parent company, it will also operate under the name of the parent company and must follow local Albanian laws. It must be registered with the Albanian National Registration Center (NRC) before starting its operations. A branch office will also require a Tax Identification Number (TIN) and must follow local tax rules such as filing tax returns and paying the income tax. Although a branch office is not a separate legal entity, it must keep the financial records for its business activities in Albania. Albania is becoming a favourite destination for entrepreneurs and investors from all around the world. With its strategic location in a business-friendly environment and supportive government policies, the country offers many advantages and opportunities for setting up a new company, which is why company registration in Albania is a top choice for entrepreneurs. The key reasons why entrepreneurs prefer business setup in Albania include: Albania has a growing financial sector that supports entrepreneurs in the country. Companies can apply for business loans, funding, and grants from the government, or they can even attract foreign investors. This feature makes it easier for businesses to grow and receive the best access to funding. Albania has one of the lowest operating costs for doing business, which is a great advantage for all businesses. Office spaces, employee salaries and utilities are all more affordable than the most Western European countries. This helps the startups and small businesses reduce their expenses and plan their budget. Tax-free Company registration in Albania allows the free movement of capital, which means you can transfer money into the country and send it out without any restrictions. Therefore, transferring profits abroad can be easy. This makes Albania a trusted country for international businesses without delays in financial transactions. Company incorporation for non-residents in Albania offers excellent benefits to entrepreneurs and businesses looking to start their business in the country. The key benefits to start a business in Albania are: +1k Customers Albania is located in South-Eastern Europe, close to the major countries of Europe, which offers easy access to entrepreneurs for trade and expansion to the European Union markets and the Balkan region. Start a business in Albania, as the country provides a growing economy that benefits all businesses. The strong growth in areas of tourism, construction and technology and investment in infrastructure has helped improve Albania’s economy. The government of Albania has transparent and simple rules for all businesses in the country, along with a simplified company registration process that avoids bureaucratic steps, which creates a business-friendly environment for entrepreneurs. Company registration in Albania is a quick and easy process; it takes only 2 to 3 working days to register your business, which is also possible through the online portal of the National Registration Centre (NRC). In Albania, foreign entrepreneurs can own 100% of their company without any restrictions. This allows you to have full freedom over your company operations, business activity and plans for long-term growth. The business operations are cost-effective in Albania; the company operations, such as office rent, labour costs, utilities and business service costs, are much lower than those in other European countries, which helps businesses save money. The government of Albania offers a low tax rate of 15% and even a lower tax for smaller companies. The country also offers double tax treaties, which avoid double taxation on one income which benefiting both local and international entrepreneurs. The population of Albania are young, skilled, educated in sectors such as finance and technology and speaks foreign languages such as English, Greek and Italian, which gives a big advantage for international companies.
Empowering Entrepreneurial Vision
Business Entities in Albania
The Albanian Limited Liability Company or Sh pk
The Albanian Joint Stock Company or Sh.A.
The Albanian Representative Office
The Albanian Branch Office
Albania Business Setup
Why Entrepreneurs Go for Business Setup in Albania?
Access to Funding
Cost Effective Operations
No Control on Foreign Exchange
Albania Company Registration Benefits
Benefits of Company Incorporation for Non-residents in Albania
Strategic Location
Growing Economy
Business-Friendly Environment
Easy Company Registration
100% Foreign Ownership
Cost-Effective Operations
Tax Incentives
Skilled and Educated Workforce
Documents Required
Documents Required for Company Registration in Albania
Yes, a foreigner can start a business in Albania. The government of Albania offers extensive support for foreign entrepreneurs by providing an online registration process without the need to travel to Albania. As an international investor, you can also have 100% foreign ownership of your company. The cost of company registration in Albania depends on the company structure you choose and the business activity. The approximate cost can range from 50 to 100 euros. The legal structures for company registration in Albania are The process of offshore company incorporation in Albania is mentioned below- To start a business in Albania, you will have to register your company, which can be done physically or online through the National Registration Centre (NRC). If you are a foreign national, you will also be required to apply for a business visa and work permit. The government of Albania is actively promoting and supporting businesses in the country, which is attracting foreign direct investment (FDI) and foreign entrepreneurs through various incentives. Specific laws are in place for offshore businesses, and the key offshore business laws in Albania include: No, tax-free company registration in Albania is not available as all the companies and businesses generating profits are liable to pay a standard corporate tax of 15%. Although, smaller companies with a lower turnover will have the benefit of paying a lower corporate tax for their business. Yes, Enterworld offers Albania business visa assistance for foreign entrepreneurs and investors looking to establish their business in the country. We guide you through every step of the business visa process to facilitate a smooth and hassle-free entry into the country. The documents required for company registration in Albania are To receive an Albanian work permit, you will have to submit an application to the labour office in Albania through their online portal. The application has to be submitted at least 1 month before the start of your company operations. After which, the individual can enter Albania with their passport and a business visa.
Flourishing Sectors in Albania
Ideas for Online company formation in Albania
Travel and Tourism
Technology and Innovation
Hospitality
Agriculture and agribusiness
Manufacturing
Mining
Construction
Telecommunications
Renewable energy
Real estate
Finance
Textile energy
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FAQs on Company incorporation for non-residents in Albania
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