Hassle-free
Legislation regarding business registration and licensing procedures has been harmonized with EU standards with a focus on reducing administrative barriers for businesses operating in Albania. Starting a business was made easier through the establishment of the National Business Center and the online publication of relevant documents, reducing the cost of registration and consolidating the registration of taxes, health insurance and employment in a single application.
The administrative services of NBC are provided electronically through simple procedures, within short deadlines and with symbolic tariffs. An application can be made in any NBC service window, regardless of the applicant’s location or location of the activity. Online business registration is allowed. The electronic application is made through the government portal e-albania.
Upon successful completion of the business registration with the NBC, the applicant must visit the Local General Directorate of Taxes in the municipality / commune, in order to complete the fiscal registration.
Furthermore, the “silence is consent” principle applies. If the NBC, within the mandatory period of 1 day from the submission of the application for registration, does not complete the registration, notifies the suspension of the application, or does not notify the denial, the registration is considered accepted immediately.
The process of forming businesses in Albania is fast and efficient. Their formation is regulated by Law no. 9901 dated 14.4.2008 "On traders and companies", amended by the Albanian Civil Code.
Ways of applying for registration in the commercial register
The legal framework determines the obligation of registration for the following entities:
Other categories of entities may have the obligation to register if that is set forth by specific laws.
As a general rule, entities that register as a legal person gain their legal personality by registering with the commercial register. Meanwhile for some entities like natural persons, branches and representation offices of foreign companies, simple companies and others entities that according to the legislation in force do not gain legal personality by way of registration, said registration with the commercial registry has solely a declarative effect.
The legislation on business registration and licensing procedures in Albania is harmonized with EU standards, and aims to promote and encourage the development of private companies in Albania.
The law sets out the principles for defining the economic activities or uses of public goods which are subject to a licensing and/or permitting process, as well as the principles for determining the conditions, procedures, periods of validity, and the causes and procedures for their revocation.
Hassle-free
Ease of Access
Quick response
Affordable
Looking for a company Residency in Oman? Look no further than Cross Point – the best business setup agency in Oman. Our team of experts can guide you through the entire process, from initial registration to ongoing compliance. Trust us to handle all the legal and administrative details, so you can focus on growing your business. Contact us today to get started!
To book a free consultation, call or WhatsApp on +968 9671 7108. To connect over email, send us your query at info@crosspointtrading.com
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