Can business in Albania change it’s legal entity type?

Indeed, a company in Albania has the ability to alter its legal entity type. The process of changing a business’s legal entity type is complex and requires steps such as seeking advice from experts, establishing a new entity, transferring assets and operations, dissolving the old entity, and informing stakeholders. The procedures involved can differ based on the existing and desired business structures and legal regulations. It is essential to seek guidance from professionals and ensure that all steps are correctly followed to prevent potential legal and financial consequences.