Company Formation in Albania
In 1997 the Albanian economy has reached a transition point in its development; decisive improvements can be observed in the contemporary Albania. The engine of growth in Albania does not consist in export but in the local building industry, easy-to-be-distinguished by high additional needs, high investments from various foreign Albanians and of course, the increasing consumption. Due to this reason, in the first half of 2005 the expansion of local credit economy by approx. 50 per cent.
One of the most significant investments was the take-over of the biggest Albanian bank (Savings Bank) by the Raiffeisen central bank Austria in April 2004.
The double-taxation agreements were concluded with many countries, let us say, even in 1995 the Investment Protection Treaty was stipulated between Austria and Albania. As to the Double-Taxation Agreement between Austria and Albania we are still waiting for the ratification of agreement negotiated over in 2005.
An extensive support for entry on market and company formation in Albania exist for businessmen from Austria. Let you be advised by us!
To register the business company within the above mentioned legal forms, the following steps are to be taken:
- Registration at a court
- Registration at the Labour Office
- Registration at the Social Office
- Payment of local taxes (tax on advertisement, undertaking, from constructions, rental, communal fees, property taxes)
- Bank account opening and registration at a bank
- Acquirement of a Hygienic and Sanitary Certificate
- Cash-counter registration
- Registration at the Measuring-Appliances-Inspection Office
- Registration at the Regional Statistical Office
- After payment of registry fee, the registration at the Industrial and Commercial Chamber Registry
- Registration at the regional Tax Office: within 10 days the Tax Office should issue the Tax Certificate and the Tax Registration Number
Agency or Branch Office Formation
Agency or branch office formation can be indicated as a basis for company formation in Albania.
Agencies are allowed to perform only activities on behalf and account of a parent company, which are not significant as to the taxes and it means that then these agencies in Albania do not have tax liability.
Branch Offices in Albania are tax-liable and thus they must pay both the local and national taxes.
The branch offices in Albania can be registered in Tirana with using the following documents:
- Notarized foundation charter
- Partnership contract with the parent company
- Decision of respective authority on foundation of a branch office
- Evidence of payment of fixed assets
Subsidiary Company Formation in Albania
A variant of registration in Albania is the registration of a 100 per cent subsidiary foreign trade company, without participation of Albanian partner.
To found the subsidiary company, the following steps are required:
- Foundation charter in a form of notarial record
- To open a bank account in payment of the basic capital
- Registration at the Registry Court in Tirana
- Registration at the Labour Inspectorate
- Registration at the Social Security Company
- Registration at the Chamber of Commerce
- Payment of local taxes
- Estimation of profit for the first year
- Registration at the Tax Office (all above mentioned documents, 2 pass photos and Birth Certificate of the company executive manager)
Each documentation must be translated into the Albanian language and certified by a notary public!
We will be pleased to advice you personally at the company formation in Albania
Our services include substantially more than only the help itself at company formation in Albania. We keep at disposition excellent contacts with lawyer’s offices, tax offices, notary public and banks. Most of contact is able to speak German. Further, we will prepare for you the business plan, the models for input on the market and we will help you with any official procedures. We are offering to you the workshop on foundation of companies, where you will be satisfied directly according to your needs and everything will be discussed with you in details.
Mit 1. Jänner tritt in Albanien eine Einheitssteuer in Höhe von zehn Prozent in Kraft, ausländische Investoren sollen angelockt werden