alban.company

New business setup in Albania

Albania, being strategically positioned in Europe, is now becoming a top choice for entrepreneurs who value dependability and potential growth. Learn about the necessary steps, advantages, obstacles, and legal choices for launching a business in Albania. Additionally, we offer efficient solutions for easy online and remote business establishment.

Formalities and procedures

We offer a range of services to assist you in meeting all the necessary requirements and support you every step of the way.

Business planning

Before starting a new business, it is essential to conduct comprehensive market research and corporate planning. We can assist you with developing a detailed business plan, analyzing market trends, identifying your target audience, and evaluating the competition.

Choose your legal structure

Albania provides a range of legal entities that are suitable for new businesses, such as Limited Liability Company (SHPK), Joint Stock Company (SH.A.), Branch Office, Holding Company, among others. The decision of which entity to choose is influenced by factors such as the size of the business operations, the ownership structure, and preferences regarding liability.

Reserve a company name

Choose an original and recognizable name for your business and verify its availability in the Commercial Register.

Set up legal address

Having a legal address is an essential step in starting a new business. This designated address is the main contact point for government agencies, legal entities, and important business communication. It is vital to choose a legal address that meets local laws and suits the needs of your business.

Draft articles of association

Our skilled team helps you create precise and detailed articles of incorporation specifically designed for your selected legal structure. We guarantee compliance with all legal guidelines and manage the submission procedure for you, saving you both time and energy.

Registration

We handle the registration process with the Albania Trade and Companies Register and tax authorities to alleviate the administrative burden, making sure your new business is legally recognized and compliant from the beginning.

Open a bank account

Simplify the process of financial transactions by setting up a business bank account in Albania. Our team of experts will help you with this process.

Setup accounting

Having accurate financial records is essential when launching a new business. Our accounting team can help you establish thorough accounting and bookkeeping protocols that adhere to Bosnia’s regulations.

New business examples

Businesses come in a wide range of sizes, each with their own unique requirements and contributions to the economy. Whether it’s a small local cafe or a large multinational company, having a clear picture of the business landscape can assist aspiring entrepreneurs in spotting potential opportunities. Let’s explore potential new businesses across various size categories:

Small businesses

Beginning a small business can be both thrilling and demanding, as it plays a crucial part in the economy of local communities. Instances of such ventures include neighborhood coffee shops, internet-based handmade craft stores, pet grooming parlors, and independent freelance web design services.

Medium businesses

Medium-sized businesses such as regional stores, software companies, event planners, and fitness studios have a larger number of customers and employees compared to small businesses. Nevertheless, they are not as large as large corporations.

Large businesses

Big companies such as multinational corporations, airlines, car manufacturers, and retail giants have a significant presence in their sectors. They possess extensive resources, employ a large workforce, and have a major impact on the market. Oftentimes, these large businesses operate globally.

Common mistakes when setting up a new business

New startups frequently face typical challenges that can be reduced with anticipation and careful planning.

Inaccurate documentation

We make sure that all your paperwork is thorough, precise, and in accordance with the law, minimizing the chance of any administrative problems.

Lack of understanding of local regulations

We offer thorough advice on “local regulations, taxation, employment laws, and other legal obligations, making sure you comply with the law.”

Inadequate financial planning

Our team will help you create practical financial forecasts, manage your budget, and secure the necessary financial resources to achieve your business objectives.

Insufficient market research

Insufficient knowledge of the local market can impede progress. Carry out comprehensive market research to pinpoint potential opportunities and obstacles.

Inadequate marketing

Numerous businesses face challenges because of not putting enough effort into marketing. Improve your online presence and consider different digital marketing tactics.

Our solutions: Business formation made easy

The team offers solutions that are both practical and effective, tailored to your specific requirements.

Business formation online

With the Albania online platform, you have the ability to initiate and complete the process of establishing a business from anywhere in the world. You can monitor the status, submit necessary paperwork, and utilize our services securely via digital platforms, providing a smooth and convenient process.

Business formation remotely

In Albania, we can handle all the necessary paperwork for you if you prefer a more hands-off approach. Our team of experts will take care of all the formalities, complete the required documentation, and liaise with the relevant authorities on your behalf to ensure your peace of mind.

Contact us

Don’t miss the chance to start your business in Albania. Get in touch with us now for individualized help, whether you like the ease of online registration or the convenience of remote business setup. Our experienced team is available to assist you at every stage, guaranteeing a smooth and successful start to your business. Make sure to take advantage of the opportunities that Albania offers for your entrepreneurial ventures!

Contact us