Regarding business registration procedures in the Republic of Albania is based primarily on the specific legal provisions on business registration, commercial companies and tax procedures.
The list of examined legal and sub-legal acts includes, but it is not limited to the following acts:
• Law no. 9723, date 3.5.2007, “On business registration”;
• Law 131/2015, “On the National Business Center”;
• Law no. 9901 date 14.4.2008 “On Entrepreneurs and Commercial Companies”;
• Law no. 9920, date 19.5.2008 “On tax procedures in the Republic of Albania”;
• Law no. 7850, date 29.7.1994, “The Civil Code of the Republic of Albania”;
• Law no. 25/2018 “On accounting and financial statements”;
• Law no. 38/2012, “On agricultural cooperation”;
• Law no. 52/2016, “On saving and credit companies and their unions”;
• Law no. 8088, date 21.3.1996, “On mutual cooperation companies”;
• Decision of the Council of Ministers no. 179, date 9.3.2016, “On the approval of the National Business Center Statute”;
• Decision of the Council of Ministers no. 391, date 3.5.2017, “Regarding the determination of the registration and publication procedures at the National Business Center“.
Interested parties may consult the content of the above legal acts as well as the business related legislation of the National Business Center (hereinafter “NBC”) website at the following link: http://NBC.gov.al/legjislacioni/legjislacioni-per-regjistrimin-e-biznesit/ligje/
Entities required to register with the NBC commercial register:
(source: https://qkb.gov.al/media/1522/manual-anglisht-web.pdf)
• natural persons (Individual Entrepreneurs), who exercise an
economic activity or are independent professionals;
• simple companies;
• commercial companies;
› general partnership companies
› limited partnership companies
› limited liability companies
› joint stock companies
• branches of foreign companies;
• representation offices of Albanian and foreign companies;
• saving and credit companies and their unions
• mutual cooperation companies;
• agricultural cooperatives.
Entities with no obligation to register:
Due to applicable exemptions or the implementation of special legal
provisions, some categories of entities are not required to register with
the commercial registry. These include but are not limited to the following:
i. non – profit organizations;
ii. tax representatives of non-resident taxpayers;
iii. self-employed as traveling salesmen;
iv. farmers;
v. heads of families that employ individuals as housekeepers,
caretakers;
vi. national or local public entities;
vii. embassies consular offices, representatives of foreign offices ;
viii. special project implementation units;
ix. international organizations exempted by special laws.
(Source: https://qkb.gov.al/media/1522/manual-anglisht-web.pdf)
Dues & Deadlines:
VAT registration info:
VAT registration was 2 million ALL, became 10 million from January 1, 2021
The annual turnover of 5-10 million can choose to apply the normal VAT regime
Freelancer currently registered with VAT regardless of turnover, the VAT limit will be 10 million starting from 1 January 2021
Business income tax:
Up to 14 million ALL, tax: 0% starting from January 1, 2021
Over 14 million ALL, tax: 15% starting from January 1, 2021
Electronic Invoice implementation:
Law no. 87/2019 “On the Invoice and the turnover monitoring system” defines the principles, rules, criteria, obligations, deadlines and procedures to be followed by taxpayers regarding the issuance of invoices, accompanying invoices and electronic invoices.
Phase 1-Cashless transaction: business-State, starting from January 1, 2021
Phase 2-Cashless transaction: business-business, starting from July 1, 2021
Phase 3-Cash transaction: business-business, starting from September 1, 2021
Tax Calendar:
10 of the month: Deadline for electronic submission of sales and purchase books for the previous month
14 of the month: Deadline for electronic declaration and payment of VAT for the previous month
17 on the month: Deadline for declaration and payment for mining rent for the previous month
17 of the month: Declaration and payment of tax liabilities for gambling for the previous month
20 of the month: Deadline for declaration and payment of Withholding Tax for the previous month
20 of the month: Deadline for declaration of payroll and payment of Social Insurance, Health Insurance and Employment Income Tax for the previous month
20 April 202X: Payment of Local Tax
30 April 202X: Deadline for electronic submission of the Individual Annual Income Statement for individuals for the previous year
The above information is subject to change and improvements from time to time, we invite you to stay tuned!
