Albanian housing construction

Ground Rules for Establishing a Company

Companies are registered in the Office of Registration of Companies in the District Court of Tirana. Normally the following documents must be presented:

• the request to the court
• articles of incorporation
• the statute
• the document that proves the payment of the capital
• identity of the founders and the administrator

Normally the documents must be in Albanian language and in notarized form. This is obligatory when an immovable property is involved.

NOTE: In addition to the forms of business enterprise created under the Albanian Company Law, a foreign investor may operate in Albania through a branch. The branch must also be registered in the Office of Registration of Companies in the District Court of Tirana. A branch operates much like a commercial company in the same manner as an Albanian company.

The Principal Costs of Establishment

Apart from the costs of due diligence and those of lawyers in drafting the articles, other costs include the fees paid in different offices involved in the registration of a company. These include the registration fees paid in the Office for the Registration of Companies in the District Court of Tirana, the fees for the registration in the Chamber of Commerce (this is an annual fee), fees paid in the registration in the tax office including a local tax. Other costs are related to the notaries and translation, if the documents are in a language other than Albanian language, and those of opening a bank account.

The process of registration should be relatively quick and straightforward.

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