Eternity Law International — News — Company registration in Albania

Company registration in Albania

Published:
December 9, 2020

Registration of a company under the jurisdiction of Albania and opening an account in one of the Albanian banking institutions is an excellent opportunity to implement large business projects and bring them to the European market.

For entrepreneurs, Albania is beneficial for the following reasons:

  • stable economic and political situation;
  • advantageous geographic location;
  • the banking sector is at a fairly high level;
  • an incommensurable set of prospects for the development of a business of any scale;
  • foreign investors are welcomed by the authorities;
  • skilled workforce;
  • loyal tax conditions;
  • 5 free economic zones;
  • over 35 DTA agreements with European and Asian countries.

Main forms of company registration

Before registering a company in Albania, you need to choose the most suitable organizational and legal form. The most convenient and accessible for foreigners are the following:

  • LLC;
  • Free Zone Company;
  • Branch of a foreign organization;
  • Representation.

The most cost-effective and convenient future management for a foreign entrepreneur will be the Free Zone Company.

Registration process

After you have chosen the OPF, you will need to do the following:

  • Come up with a unique name for your organization
  • Number of directors: 1+
  • Number of shareholders: 1+
  • The company can be managed by individuals or legal entities
  • Residence requirements: no
  • A secretary is not required
  • Share capital: from 1 euro
  • No registered office required
  • Need an active account in one of the banking institutions in Albania
  • Financial statements must be submitted

Tax regime

In accordance with the relevant legislative and regulatory framework, the following taxation conditions apply in this state:

  • income tax is levied at a 15% rate. If the company’s income is 60+ thousand euros, the rate is reduced to 5%;
  • the value added tax is 20%. This tax is not paid by the Free Zone Companies;
  • royalties, interest and dividends are subject to 15% tax.

If you need to register a company in Albania, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Albania. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

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