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Company Formation in Albania

Updated on Friday 04th May 2018

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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 Association of an Albanian company can be signed through Power of Attorney (the same applies to Public Notary proceedings, a step required by the Albanian Law). 

> drafting all other documents required for opening a company in Albania. These documents include: Specimen Signatures, Special Forms provided by the Company Registration Office in Albania, passport copies etc.

> arranging Public Notary procedures (The procedures for incorporating a company in Albania have to be done through an Albanian Public Notary);

> offering a Registered Office in this country for your company opened in Albania (if required). The registered office may be any address where the Albanian company declares to have its headquarters. The registered office of a company opened in Albania will be public.

> setting up a bank account for your Albanian company. This refers both to an initial share capital account as well as a current bank account after the company is formed. 

> recommending an accountant in Albania. Accountancy services are recommended for any new business registration in Albania.

BridgeWest provides formation of the following types of companies in Albania:

> Albanian Limited liability company (SH.A.K.)This type of Albanian company can have a single shareholder and director, must maintain a local address (registered office) and a minimum share capital of 100,00 LEK.

> Albanian Joint Stock Company (SH.A) This type of Albanian company can have one shareholder, a Board of Directors or Managing Directors & Supervisory Board, must maintain a local address (registered office). The initial capital of a Joint Stock Company with private offer shall not be less than 2,000,000 LEK (approx. 14,000 EUR).

> Public Joint Stock Company in Albania
The main difference from the above-mentioned company is the offering of shares to the public, which the open/public Joint Stock company may do. This type of structure requires a minimum capital of 10,000,000 LEK (approx. 70,500 EUR).

> Albanian Branch, Subsidiary or Representative Office - Any foreign company is able to set up branch entities in Albania. These can be set up as separate entities from the parent company (Albanian companies having the foreign company as shareholder) or extensions of the parent company.

BridgeWest is also able to offer ready-made Albanian companies and VAT registration.

Please contact us for more information about opening a company in Albania and prices.

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