Company Formation Albania
all Jurisdictions
Albania
Cost of registration
Number of Directors
Corporate tax rates
Charter Capital
Financial statements
€ 1,900
1
20%
1.00
Yes
FEW WORDS ABOUT ALBANIAN COMPANY
BENEFITS
- Double taxation treaties (signed with over 35 countries)
- Low corporate income tax rate (reduced rate for companies with an annual turnover of less than €60000)
- Lower labour costs compared to other European nations
- Strategic location, access to Europe
- No foreign exchange controls
TAXES
ACCOUNTING
- Double taxation treaties (signed with over 35 countries)
- Low corporate income tax rate (reduced rate for companies with an annual turnover of less than €60000)
- Lower labour costs compared to other European nations
- Strategic location, access to Europe
- No foreign exchange controls
- Corporate tax rate - 15%
- Companies with an annual turnover of less than €60,000 and €36,000 have a tax rate of 5% and 0% respectively
- VAT tax rate - 20%
- Tax exemption for foreigners registering their companies in Albanian free zones (the first five years) and 7% reduced the tax rate for the next five years
- No VAT or customs duties on imports
- Annual returns filing - Yes
- Statutory audit - Yes
- Report requirements - Yes
- Accounting is required annually
ACCOUNTING
- Annual returns filing - Yes
- Statutory audit - Yes
- Report requirements - Yes
- Accounting is required annually
REQUIREMENTS
- Founders can be one or more partners
- A minimum of one shareholder is required
- A minimum of one director is required
- Notarization of incorporation documents
- Registration certificate and Unique BIN (Business Identification Number)
- Initial capital deposit in the bank with a bank statement
- Registration with the relevant authorities (tax, employment/labour, social security authorities)
TYPES OF COMPANIES
- Founders can be one or more partners
- A minimum of one shareholder is required
- A minimum of one director is required
- Notarization of incorporation documents
- Registration certificate and Unique BIN (Business Identification Number)
- Initial capital deposit in the bank with a bank statement
- Registration with the relevant authorities (tax, employment/labour, social security authorities)
- Limited Liability Company (LLC) - SH.PK
- Fast Nominee LLC - Shelf Company
- Free Zone LLC - AFC
- Joint Stock Company (JSC) - SH.A
- Foreign company - Branch or representative office
Register Company Now
Сhoose a product and click “Next Step”
Register Company Now
Сhoose a product and click “Next Step”
Company Formation
Registered Office
And Click
Company Formation Procedure
Step 1. Check your company name in the Company Registry
Step 2. Enter your company details
Step 3. We prepares and files the necessary incorporation documents to the relevant authorities for approval
Step 4. Then we works with the client to open a corporate bank account in Albania
Step 5. We deliver the certificate of incorporation personally to the client or via courier service
Step 6. Checkout – that’s it
MORE INFORMATION
CORPORATE INFORMATION
SHARES AND SHARE CAPITAL
Opportunity to purchase ready-made companies
Local registered office
Local registered agent
Yes
Yes
Yes
Information about the beneficiary is disclosed
The minimum amount of the issued capital
Bearer shares
The usual size of the authorized capital
Usual nominal value of shares
Possibility to issue shares without par value
No
No
No
1
1000
No
DIRECTOR AND SECRETARY
SHAREHOLDER AND BENEFICIARY
Minimum number of directors
The requirement for residency directors
Director of legal entities are allowed
The data reveals to the local agent
Data field to the public registry
The requirement for the presence of the Secretary
Requirement to the residense of the Secretary
Requirements to qualification of the Secretary
Legal entity as the Secretary
1
No
Yes
Yes
No
Yes
Yes
No
Yes
Minimum number of shareholders
Data is entered in the public register
Shareholders residency requirement
Information about the beneficiary is disclosed
Information may be disclosed to the local agent
Shareholders-legal entities are acceptable
1
No
No
No
Yes
Yes
TAXATION
REPORTING
VAT
Basic corporate tax rate
Capital gains tax
Currency control
The tax on personal income
Stamp duty
Yes
20%
No
No
Yes
No
The requirement for filing reports
Open access to reports
Statutory audit
The requirement for filing Annual Return
Open access to the Annual Return
The requirement for reports
Treaty on avoidance of double taxation (States which signed)
Membership in the OECD
Yes
No
Yes
Yes
Yes
Yes
26
No
Updated February 2018: Standard rate of 15% applies to companies with annual turnover exceeding ALL 8 million. Companies with annual turnover between ALL 2 million and ALL 8 million subject to simplified corporate income tax rate of 5% and companies with annual turnover below ALL 2 million exempt
Do you have a questions?
Please write your details. Our consultants will contact you shortly!
WHY CHOOSE US
We have already registered hundreds of companies in different parts of the world, and we know all the subtleties and underlying potential problems when registering companies in the necessary jurisdiction. You will save your time and money by applying for us.
Individual solution
We implement a personal plan in line with your objectives. We'll offer all our services includes full legal support of the company registration procedure, obtaining a legal address, interaction with the official government authorities of the jurisdiction, state fees, legal address of the company, etc
Full legal support
We'll provide the client with the best company incorporation services. Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services, and audit, tax planning and optimization, trademark and patent registration
Positive result
Strategically providing up to date personalized services to help your business succeed. We makes use of modern technological features to keep the records and details of every client safe