Starting a business in Albania

Legal Forms of Companies

Limited Liability Company or Sh.p.k. (Shoqëri me Përgjegjësi të Kufizuar)

Number of partners: Minimum one person.
Capital (max/min): ALL 100 (EUR 1).
Shareholders and liability: Capital must be totally paid up when the company is formed.

Public Limited Company or Sh.a: Shoqëri Anonime

Number of partners: No limit to holdings.
Capital (max/min): ALL 10 million with public participation. ALL 3.5 million without public participation.
Shareholders and liability: When the company is formed, 25% of the capital must be paid up.

General partnership

Number of partners: 2 persons or more.
Capital (max/min): No minimum capital required.
Shareholders and liability: All the partners are collectively liable for their company's losses.

Limited partnership

Number of partners: Two or more partners: "Limited" partners associated with "unlimited" partners.
Capital (max/min): No minimum capital required.
Shareholders and liability: "Limited" partners are only liable for the company's losses to the extent of their initial investment.

Business Setup Procedures

Source: Doing Business - Latest available data.