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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Open Company Branch or Subsidiary in Albania

October 22, 2010, 4:03 pm
BridgeWest

The Albanian law encourages foreign investment, equally protecting the freedom of establishment of foreign and Albanian companies, guaranteeing non-discriminatory treatment. Companies with a capital divided into shares can develop branches on a certain territory. Albanian Law permits foreign investors to register and conduct commercial operations. A branch is subject to corporate profit tax, as any other Albanian company, without any remittance tax in Albania. Opening a branch is a complex process and in order to be correctly completed, the documentation must be prepared in a professional and accurate manner.

Preliminary activities prior to registering an Albanian branch
Prior to registering an Albanian branch, there are a few steps that need to be completed. The founders of a company branch should open a bank account, in the same manner as an ordinary company and obtain a bank statement certifying the foundation and the payment of the basic capital. The foundation charter must be created and transformed in a form of a notarial record.

Registering an Albanian Branch with the Office of Registration of Companies
The founders who wish to set up a branch in Albania must present several documents at the Albanian Office of Registration of Companies and obtain the certificate of registration. The application for registration should contain a notarized foundation charter, the contract that certifies partnership with the parent company, a decision of the managing board of the parent company to establish a branch in Albania and a proof of registration of the parent company.

Registering a branch with the Tax Office
The next step in setting up a branch in Albania is registering with the Tax Office and obtaining a tax certificate and the Identification Number as Taxable Person. In order for that to be achieved an application must be forwarded with the tax department of the district in which the company has the central office. According to Albanian Law, the Tax Offices must process all the applications within 5 days from receiving them. The application must contain the act of establishment of the branch, the statute of the company, the registration decision issued by the Albanian Office of Registration of Companies, a statement from the Social Assistance office, a statement from the Social Insurances Office, Contract with the Employment Office, number of bank account and bank statement certifying the capital deposited and proof of payment for local taxes. Usually the documents have to be translated into Albanian language and notarized.

How long does it take to open a branch company in Albania?
Most of the procedures required for company branch registration are completed in one day. Opening a bank account, creating and notarizing the foundation document, and applying for registration are all finished in one day’s time. However the time period may vary, depending on issues that might occur along the way. A company branch in Albania is usually set in one week, provided there are no delays.

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]