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 experts are experts in their fields. We guarantee that your incorporated structure will operate in the most compliant manner possible if you provide them with the information required by laws and regulations. Our primary goal is to provide answers to clients seeking new business opportunities, legal procedures, local government networking, and a feasible business plan for starting a business anywhere in the globe.
Accountancy
We take care of all of your accounting and bookkeeping needs so you can concentrate on running and growing your business and meeting your organization’s objectives.
Taxes
Albania’s national and local governments both collect taxes. The income tax, social security, business tax, and value-added tax are the most important revenue streams, all of which are implemented at the federal level. Albania’s revenue service is the Albanian Taxation Office.
Bank account
Many obstacles must be overcome to open a new bank account in a new location or country. So, if you’re relocating to Albania and want to register a business bank account, you’ll need to do some research and be aware of the requirements.
Years of experience, along with astute strategists, have qualified us to deliver the best advice for companies with sector-specific needs.
Other legal forms in Albania
Limited liability companies (Sh. p.k), general partnerships (O.P), limited partnerships (O.K), and joint-stock companies are the main forms of legal entities that can be established in Albania (SH. A) In Albania, the limited liability company (LLC) is the most common and preferred legal structure for doing business.
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