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Business registration in Tirana, Albania is regulated by the National Business Centre under the Albanian Commercial Law. Individuals and entities aspiring to do business in Tirana are required to start their operations after acquiring a valid registration certificate. The authority also provides an online registration system for easier application, which mandates filling certain details such as: the type of the business, details about the owners, proposed activities, as well as legal representation information among others. The whole process upholds transparency, integrity, and adherence to the Albanian law.
Even though the registration process is straightforward to a certain degree, hiring an attorney can still be beneficial. If the business structure is complicated or it involves foreign capital, a lawyer can provide the crucial assistance needed. They can help with the formulation and evaluation of business agreements and contracts, help with tax planning, and offer advice on obligations and legal requirements. Furthermore, a lawyer can simplify complex legal terminologies and will represent you in court if any disputes or complications arise.
The central legal framework concerns the Law of Entrepreneurs and Companies. Albania provides for several types of businesses that can be registered, such as General Partnership, Limited Partnership, Limited Liability Company, Joint Stock Company, and branches of foreign companies. Each type of company has different requirements and regulations regarding the initial capital, management, and liability of the founders. The Law "On Accounting and Financial Statements" and the Law "On Tax Procedures" are other important legal instruments to be considered in business registration. Also, it's worth noting that foreign investors are treated the same as local ones.
The registration process can take up to a few days, though it might vary depending on the business type and complexity of the structure.
The cost of the registration of a new company amounts to ALL 100 (close to 1 USD). Additional costs may apply depending on other legal procedures which might be involved.
Yes, Albania allows foreign investment, and overseas entities can open businesses in Tirana. However, they must follow all national and local regulations.
Yes, the National Business Centre provides an online registration system that is accessible and user-friendly.
Business entities are listed in the commercial register held by the National Business Centre. This register is public, so verification of a business registration involves checking this list.
For further guidance and assistance, the National Business Centre, National Agency for Information Society, and Ministry of Finance and Economy all provide comprehensive information about business registration in Albania. Also, the Tirana Chamber of Commerce and Industry might assist you with networking and additional business insights.
If you need legal assistance in business registration, consider hiring a registered lawyer in Albania who specializes in business laws. They can provide valuable advice and support through the registration process. Also, utilise the resources provided above and keep yourself prepared with necessary documents before starting the registration process.
