Thinking about opening a business in Albania? Well, whether you’re a local or a foreigner, starting a business here can be a great opportunity, especially with the country’s growing economy, low taxes, and developing infrastructure.
But before you jump in, here are the key things you need to know:
1. Legal Business Forms
You can register your business as one of the following:
- Sole Proprietorship (NIPT individual): Best for freelancers or small, one-person businesses. Fast to register and easy to manage.
- Limited Liability Company (Sh.p.k.): Most common for small to mid-sized businesses. Offers limited liability and is relatively simple to run.
- Joint Stock Company (Sh.a.): Ideal for larger businesses and investments. Requires more capital and formal structure.
Anmerkung: Foreigners can own 100% of an Albanian business.
2. Steps to Register
Here’s the usual process:
- Choose a business name and check availability online at the National Business Center (QKB).
- Prepare documents: including identification, a founding act, and sometimes a lease contract for your business address.
- Register online via QKB’s e-Albania platform. Most registrations are completed within 24–48 hours.
- Get your NUIS (Tax ID) and register with the tax authorities.
- Open a bank account and deposit capital (if required, e.g., for Sh.p.k or Sh.a.).
3. Taxes & Contributions
- Corporate tax:
- 0% for businesses making less than 14 million ALL/year
- 15% for profits over 14 million ALL/year
- Dividend tax: 8%
- VAT: 20%, required for businesses exceeding 10 million ALL/year in turnover
- Social contributions:
- Employer: 16.7%
- Employee: 11.2%
You’ll also need to register for social insurance even if you’re self-employed.
4. Hiring Employees
- The minimum wage (as of 2025) is 40,000 ALL/month
- Employment contracts are required (indefinite or fixed-term)
- Health and social contributions must be declared and paid monthly
- Work permits are mandatory for non-EU foreigners working in Albania
5. Where to Set Up as a Business
Well, that’s totally up to you and your goals. Most foreigners start businesses in:
- Tirana – Business-friendly environment, skilled workforce, and good infrastructure
- Durres & Vlora – Growing tourism, trade, and real estate markets
- Shkodra, Korça, or Saranda – Lower costs and niche opportunities
6. Popular Sectors for Foreigners
- Tourism (hotels, guesthouses, travel agencies)
- Real estate and construction
- Restaurants and cafes
- IT and digital services
- Import-export businesses
7. Work With a Local Consultant
Even though the process is relatively straightforward, paperwork and language barriers can slow you down. Working with a local lawyer, accountant, or business consultant can make a big difference, especially when it comes to taxes, labor laws, and compliance.
Our partners are available to support you at every step of opening your own business!
Final Tip
Don’t rush. Before registering your business, double-check:
- Whether your business idea requires special licenses
- Local demand for your product or service
- Your long-term visa/residency status
If you need assistance, we’re always here to help you!
