Phone: +44 20 3807 0556
Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in Albania
Company incorporation, bank accounts, accounting services in Albania
Registration packages
Services
Essential
Standard
Premium
Company registration (SH.P.K.)
Annual registered address
Notary services and company seal
Corporate bank account
Accounting services
Start your company in Albania
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How you can register a company in Albania with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Albania
The Republic of Albania is located in Southeastern Europe and has a territory of 28,748 square kilometers. Croatia borders Greece, Kosovo, Montenegro and North Macedonia. Albania has access to the Adriatic and Ionian Sea. The capital city of Albania is Tirana, the largest city and the location of key government institutions. Albania has a population of 2,8 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 15%. Tax rate 5% applies to software production and development companies, to automotive industry companies and to agricultural cooperatives and agrotourism businesses. No corporate income tax is levied if annual turnover does not exceed ALL 14 million. Tax returns are filed on an annual basis. Advance income tax payments are made on a monthly basis
- Dividend withholding tax - 8%
- Interest withholding tax - 15%
- Royalties withholding tax - 15%
- Capital gains tax - 15%
- VAT - Standard tax rate 20% or reduced rates 0% and 6% or tax exempt. Tax returns are filed on a monthly basis
- Personal income tax - from 20% up to 30%.
The following are the most common types of companies to incorporate a company in Albania as:
- Limited liability company (Shoqëritë me përgjegjësi të kufizuara - SH.P.K.)
- Public limited company (Shoqëritë aksionare - SH.A.)
- General partnership (Ortakëri e përgjithshme - O.P.)
- Limited partnership (Ortakëri e Kufizuar - O.K.)
- Branch office (Dega).
- Individuals or legal entities that are intending to register a company in Albania can be resident or non-resident in Albania.
- A resident or a non-resident individual can be a company director in Albania. It is not required to set up a company in Albania with a resident individual as one of its shareholders or directors.
- At least 1 shareholder is required in order to register a company in Albania if such company is incorporated as a SH.P.K. (a limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Albania in order to establish a company in Albania or to conduct business in the country.
- Minimum share capital that is required in order to start a company in Albania as a SH.P.K. (a limited liability company) is ALL 100.
- SH.P.K. registration takes between 10 and 15 business days with the bank account taking up to 3 business days.
- Details of company founders, shareholders and directors after company registration in Albania is complete is publicly available in the state corporate register.
- With our service you can register a company in Albania remotely upon a power of attorney.
Official currency of Albania is Albanian lek (ALL).
Albania has a free market economy. The country economy is based on natural resources, agriculture, food processing, lumber, oil, cement, chemicals, mining, basic metals, hydro power, tourism, textile industry, and petroleum extraction. The strongest sectors are energy, mining, metallurgy, agriculture, and tourism. Primary industrial exports are clothing, chrome. Albania's economy is based on the service (54.1%), agriculture (21.7%), and industrial (24.2%) sectors.
The GDP of Albania grew by 8.5% in 2021 and amounted to USD 18.26 billion. Tertiary sector makes up almost 54.1% of the GDP of the country, followed by industry sector at 24.2%, agriculture at 21.7%.
In terms of foreign trade the largest exports of the country are iron, cement, clothing, footwear, plants, vegetables, cartons, boxes.
Imports of Albania consist of energy, petroleum oils, natural gas, cars and vehicles, leather, wheat, meslin, sufrace active agents, electric equipment, consumer goods.
Primary trading partners of Albania are Italy, Serbia, Spain, Germany, Greece, North Macedonia, France, Montenegro, China, Czech Republic, Turkey, Poland and Switzerland.
Albania has a free market economy. The country economy is based on natural resources, agriculture, food processing, lumber, oil, cement, chemicals, mining, basic metals, hydro power, tourism, textile industry, and petroleum extraction. The strongest sectors are energy, mining, metallurgy, agriculture, and tourism. Primary industrial exports are clothing, chrome. Albania's economy is based on the service (54.1%), agriculture (21.7%), and industrial (24.2%) sectors.
The GDP of Albania grew by 8.5% in 2021 and amounted to USD 18.26 billion. Tertiary sector makes up almost 54.1% of the GDP of the country, followed by industry sector at 24.2%, agriculture at 21.7%.
In terms of foreign trade the largest exports of the country are iron, cement, clothing, footwear, plants, vegetables, cartons, boxes.
Imports of Albania consist of energy, petroleum oils, natural gas, cars and vehicles, leather, wheat, meslin, sufrace active agents, electric equipment, consumer goods.
Primary trading partners of Albania are Italy, Serbia, Spain, Germany, Greece, North Macedonia, France, Montenegro, China, Czech Republic, Turkey, Poland and Switzerland.
Foreign entrepreneurs expand to Albania and seek to incorporate a company in Albania in order to conduct business in the following sectors:
- agriculture
- tourism
- wholesale and retail trade
- manufacturing
- energy
- ICT-BPO
- transport
- TEDA.
Benefits of registering a company in Albania
Business climate
- Access to major EU markets
- Access to the Adriatic Sea and to the Ionian Sea allows to establish a maritime trade with EU states, Turkey, Middle Eastern and North African states
- Highly-qualified workforce
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives
- Corporate income tax is 0% if annual turnover does not exceed ALL 14 million
- Corporate income tax rate is 5% for software production and development companies, automotive industry companies and agricultural cooperatives and agrotourism businesses
- Double tax treaties with several jurisdictions
Ease of doing business
- Minimum share capital requirement for a SH.P.K. company is ALL 100
- No foreign exchange controls
Register your company in Albania
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