How much does it cost to start a business in Albania?

Can foreigners start a business in Albania?

There is no requirement for any general permit to invest in Albania or to establish a business or business vehicle. Any foreign entity or individual is free to start a business or establish a business vehicle either as a sole investor or as part of a joint venture.

Can I start a business in Albania?

The rules for the registration of a commercial company apply to both Albanian and foreign nationals. The process of Albania company formation is quick and efficient. … The company can be registered with the National Registration Center in 1-2 working days under normal circumstances.

What is the best business in Albania?

List of the top 100 profitable businesses in Albania in 2017

  • National Trade Bank (Banka Kombetare Tregtare) – Banking.
  • Raiffeisen Bank – Banking.
  • OSHEE – The Electric Power Distribution Operator.
  • Spiecapag – Shqiperia – Trans Adriatic Pipeline (TAP) construction.

How do I become a permanent resident of Albania?

A permanent residence is issued for applicants that have resided in Albania for more than five consecutive years and have strong ties and activity in Albania.

How do I register a company in Albania?

In general, the requirements to register a company in Albania are the following:

  1. Company name.
  2. Brief Description of business activities.
  3. Registered office address in Albania.
  4. Shareholder(s) particulars and percentage.
  5. Director(s) particulars.
  6. Minimum paid-up share capital of ALL 100 or more.
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Is it easy to do business in Albania?

Actually, doing business in Albania is very easy, and it can even have very few employees because they made it easy for direct and foreign investment. The country has a high score in terms of environmental performance, living standard, and happiness indexes.

Can I stay in Albania for a year?

You may stay up to one year in Albania without applying for a residency permit. If you wish to stay in Albania longer than one year you may apply for a residency permit once you enter the country.

Does Albania allow dual citizenship?

Albanian citizenship is primarily based upon the principle of jus sanguinis (right of blood). Albania has permitted dual citizenship since 1992.

Can I move to Albania?

U.S. citizens do not need visas to enter the Republic of Albania; U.S. citizens can stay up to one year in this country without a residence permit; You must have a passport valid for at least three months (we recommend to have your passport at least six months valid from your planned departure from this country.