Company Formation in Albania – Setting up an LLC (SHPK)

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Expanding your business into Albania presents exciting opportunities, but navigating the legal, tax, and administrative landscape can be complex. Oracle Solicitors Albania, part of Oracle Law Global, offers comprehensive company formation services, ensuring your business is set up efficiently, legally, and in full compliance with Albanian regulations.

Establishing a Limited Liability Company (LLC) – Shoqëri me Përgjegjësi të Kufizuar (SHPK) is the most popular and cost-effective way to enter the Albanian market, offering flexibility, minimal capital requirements, and limited liability protection.

In this guide, we outline the key advantages of forming an LLC in Albania, the essential requirements, and how our expert team can manage the entire company formation process for you.

Why Choose an LLC (SHPK) in Albania?

Albania offers a business-friendly environment with streamlined incorporation procedures and a competitive tax regime. The Limited Liability Company (SHPK) is the most widely used legal entity for local and foreign investors due to its flexibility and legal protections.

Key Benefits of an LLC (SHPK) in Albania

Limited Liability Protection -Shareholders are only liable up to their capital contribution, safeguarding personal assets.
Minimal Capital Requirement -The minimum required share capital is just €1, making it an affordable option for businesses.
No Residency Requirements -Shareholders and directors do not need to be Albanian residents. Foreign individuals and entities can fully own and manage the company.
Tax Advantages -Albania offers a competitive 15% corporate income tax rate, lower than many neighboring countries.
Ease of Incorporation -With the right legal assistance, an LLC (SHPK) can be registered in 5-7 business days.
Flexible Shareholding Structure -A company can have one or multiple shareholders, whether individuals or corporate entities.
Full Foreign Ownership -There are no restrictions on foreign ownership of an LLC in Albania.

With Oracle Solicitors Albania, you benefit from expert legal guidance to ensure a smooth and fully compliant incorporation process.

How Oracle Solicitors Can Assist You

At Oracle Solicitors Albania, we provide comprehensive legal, tax, and corporate advisory services to ensure a seamless company formation process. From handling legal paperwork to ensuring full compliance with local regulations, we take care of every aspect of setting up your business in Albania.

1️. Business Registration & Incorporation

We handle all the necessary steps to legally establish your company, including:

Company Name Reservation - Conducting an availability check and reserving your business name.
Drafting and Notarizing Incorporation Documents, including the Articles of Association and Founding Act.
Company Registration with the National Business Center (QKB) to obtain the Unique Business Identification Number (NUIS).
Registration of the Ultimate Beneficial Owner (UBO) to comply with Albanian regulations.

2️. Legal & Corporate Compliance

Ensuring your business meets all legal and corporate governance requirements, including:

Drafting the Articles of Association to define the company's purpose, structure, and governance.
Advising on Shareholder Agreements to protect investor interests.
Ensuring compliance with UBO Regulations under Law No. 112/2020.
Guidance on Business Licenses – If your business requires special licensing, we provide assistance in obtaining the necessary approvals.

3️. Tax Registration & Financial Compliance

Understanding tax obligations is essential for a successful business. We assist with:

Corporate Tax Registration with the General Directorate of Taxes (DPT).
VAT Registration (if applicable) for companies exceeding the required turnover threshold.
Payroll Setup & Social Security Contributions to ensure compliance with local labor laws.
Guidance on Withholding Tax & Dividend Taxation for foreign shareholders.

4️. Bank Account Opening Assistance

Opening a corporate bank account is essential for business operations. We:

5️. Business Address & Office Setup

A registered office address in Albania is a legal requirement for company incorporation. We help by:

Value Added Tax (VAT)

VAT Registration: Mandatory for companies with annual turnover exceeding 10 million ALL (~€100,000).
Standard VAT Rate: 20% (certain goods and services may qualify for reduced rates).
VAT Filing Requirements: Monthly or quarterly VAT returns must be submitted, with payments due by the 14th of the following month.

Timeframe for Incorporation

With Oracle Solicitors Albania, your business can be operational within 5-7 business days, depending on the complexity of the setup.

Why Work with Oracle Solicitors Albania?

End-to-End Legal & Corporate Support – We manage every step, from registration to tax compliance, allowing you to focus on your business.
Global Experience, Local Expertise – As part of Oracle Law Global, we provide international standards of service while ensuring compliance with local laws.
Speed & Efficiency – Our structured approach ensures quick company setup with minimal delays.
Ongoing Business Advisory – Beyond incorporation, we offer continuous legal, tax, and corporate advisory services to support your growth.
Trusted by International Clients - We have successfully assisted numerous foreign investors in expanding their businesses into Albania.

Start Your Business in Albania with Confidence

Whether you’re a startup, foreign investor, or an established business looking to expand, Oracle Solicitors Albania provides the legal expertise and professional support you need.

Contact us today to discuss your business goals and learn how we can help you establish your company in Albania with ease and confidence!