Company Formation in Albania
Albania offers a straightforward and fast process for setting up a company, aligned with EU standards. Before founding a company, ownership must be clarified through the founding act. Owners can be individuals or other companies. Registration is done via the National Business Center (QKB), which consolidates services like company registration, taxes, and social security. It can be completed online or in person within 24 hours for a small fee.
Key Steps:
- Choose the legal form: LLC (Sh.p.k.), Joint Stock Company (Sh.a.), etc.
- Register at QKB: Submit necessary forms and documents.
- Obtain NIPT: A tax identification number.
- Register for taxes and social security.
- Licenses and permits: Some businesses require specific authorizations.
Opportunities for New Companies
Albania has implemented laws and policies to reduce administrative barriers and foster a favorable environment for both domestic and foreign investors. Businesses can apply for licenses or permits through QKB, streamlining the bureaucracy across sectors like industry, agriculture, and services.
Benefits for Foreign Investors
The government offers incentives to foreign investors, such as tax reductions, simplified construction permits, and legal protection for investments. Albania's relatively low labor costs also present a strategic advantage for companies looking to operate efficiently in the region.
Establishing a company in Albania is a well-structured and expedited process that opens many opportunities for entrepreneurs. With a supportive legal framework and government incentives, the country is an attractive destination for those seeking to start a business in a growing and dynamic environment. Our team is here to assist you in navigating the company formation process. Contact us to explore the best market opportunities tailored to your needs.