Albania Company Formation

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Albania

Company Formation and Related Services

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Buying a European shelf company with VAT number

Whenever you need to start doing business immediately in a European country and you need a company with a VAT number, you don’t have to wait for the bureaucratic procedures.

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Partner Law Firms

We encourage you to contact our partner law firms in Bucharest: Rolegal and E&C, both part of our legal network.

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Tax Minimization Structures

BridgeWest is specialized in special corporate structures designed for tax minimization. No matter where you want to incorporate your company, you will need to consider how you can legally minimize costs.

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Setting up a Limited Liability Company (Sh.p.k.) in Albania

November 14, 2011, 1:21 am
BridgeWest

It is practically a rule for foreign investors to set up a limited liability company in Albania instead of any other type of company. The decision might be influenced by the low cost of this type of business. Almost 80% of the companies in Albania are limited liability companies. 

Capital

The minimum share capital for incorporating a limited liability company in Albania is 100 LEK. Contribution may be in either cash or assets. The initial capital can be divided between members accordingly and it can be divided in equal shares. However, a limited liability company in Albania can choose not to offer their shares to the public.

Shareholders

A limited liability company in Albania can be founded by one or more individuals or legal entities. If there is only one founder, he is called a sole partner. Shareholders of a limited liability company in Albania are not liable for the commitments made in the name of the company. Each shareholder is entitled to his share in the company in proportion to his contribution. Other legal relations between members can be mentioned in the company’s Statute.

Management

The management of a limited liability company in Albania is performed by an assembly or board of directors. The most important decisions concerning the company, such as alteration of capital or company reorganization are made by the General Assembly, while other decisions are the responsibility of the administrators appointed for a maximum period of five years. Shareholders' meetings in an Albanian limited liability company must be announced seven days before the date of the meeting.

Control

The law requires a limited liability company in Albania to prepare annual financial statements. Also, the administrators may prepare a report if the decision is made for the limited liability company in Albania to become a joint stock company due to capital issues.

Other requirements

The name of a limited liability company in Albania should include the name of one or more of the founders, as well as the words “Shoqëri me Përgjegjësi të Kufizuara” or simply Sh.p.k. The statutory capital can also be included in the company’s name. 

BridgeWest offers company formation in Albania, including virtual office and other related services.



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Company Formation in Albania

Tirana

BridgeWest provides company formation services in Albania. Our assistance includes:

> drafting the Articles of Association (necessary for the company incorporation in Albania);
The Articles of Asso ... [More]

Legal Services Albania

Tirana

BridgeWest provides a wide range of legal services in Albania through our affiliated Albanian lawyers and Law Firms in Tirana and other major cities in Albania. We are mainly specialized in the main aspects of Albanian Commercial Law, including Co ... [More]