Limited liability Company in Albania
In Albania, the most frequent type of business entity is a Limited Liability Company. The Limited Liability Company’s major feature is its limited liability, which means that stockholders cannot be held liable for losses caused by their assets. They are only accountable for the amount of their contribution and the company’s assets.
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Our attorneys can assist you with expert legal advice on incorporating an LLC in Albania. We will establish a corporation in Albania for you and assist you with all legal aspects of the procedure.
Limited liability Company registration conditions
To be incorporated, there must be at least one shareholder and director. An individual or a corporation can be a single shareholder in an LLC company. The purchase of equity in an Albanian corporation by a foreigner is not restricted.
Timeline
A company can be fully registered in Albania in as little as four weeks.
Fees
Forming a business in Albania costs proximately $3570. Request our quote by contacting us via contact form or email.
Compulsory regulation
A limited liability corporation (LLC) only needs one director and one shareholder, both of whom can be of any country. For the business setup to be completed, none of them are required to go or reside in Albania. A minimum of €1,000 is required as paid-up capital. (ALL100). Following their incorporation, all locally incorporated businesses are required to submit financial statements to the Albanian commercial registry. Only two of the three following thresholds must be surpassed for such statements to be audited:
- $230,000 in annual sales,
- Over $330,000 in total assets and
- over thirty staff.
Documents
List of documents required to register LLC in Albania:
- Name of the business,
- A brief description of the company’s operations,
- Albania’s registered office address,
- Information about the company’s shareholders and their position in it,
- Details on the director(s),
- It is necessary to have a minimum paid-up capital of ALL 100 or more,
- Articles of Association and Memorandum.
We help you in the preparation of these required documents and ensure they are up to date.
Consultation about Limited Liability Company registration
Our expert advisors are here to assist you at every stage of setting up your business as a Limited Liability Company in Albania. They will help with all aspects of the process, from preparing paperwork to securing permits and registrations, to ensure a seamless and effective establishment. We offer tailored advice on legal obligations, share capital, and corporate organization to help you make well-informed choices that are in line with your business objectives.
Ownership management
Managing the ownership of a Limited Liability Company is a challenging yet essential responsibility. Our offerings involve dealing with modifications in ownership, overseeing beneficial owners, and supervising ownership transfers. We guarantee that all ownership adjustments are accurately recorded and adhere to current regulations.
Corporate structure changes
As your company grows, your organizational structure may also need to change. Whether you want to replace directors, revise nominee details, or implement other structural modifications, we offer complete services to help you make these adjustments seamlessly and effectively.
Share capital management
Managing share capital is crucial for your company’s financial well-being. Our services assist in boosting, decreasing, selling, and transferring share capital, guaranteeing that all transactions are conducted correctly and in compliance with legal regulations.
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