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Albania: Operating a Business

Setting Up a Company | Working Conditions | Cost of Labor | Social Partners

Setting Up a Company

Legal Business Entities

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Limited Liability Company or Sh.p.k. (Shoqëri me Përgjegjësi të Kufizuar). Minimum 100 000 leks, about 800 EUR.	I person or more Capital must be totally paid up when the company is formed.
Public Limited Company: Sh.a: Shoqëri Anonime 10 million leks.	No limit to holdings. When the company is formed, 25% of the capital must be paid up and the rest within the following 5 years.
Limited Company: Sh.a 2 million leks.	No limit to holdings. When the company is formed, 25% of the capital must be paid up and the rest within the following 5 years.
General partnership	2 persons or more. All the partners are collectively liable for their company's losses.
Limited partnership	"Limited" partners associated with "unlimited" partners. "Limited" partners are only liable for the company's losses to the extent of their initial investment.

The Competent Organization: After being entered in the National Registration Center, the applicant must request a commercial license and a tax identification number.

Setting Up a Company	Albania	Eastern Europe & Central Asia
Procedures (number)	5.0	6.3
Time (days)	5.0	16.3

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Albania.
National Registration Center
Ministry of Economy, Trade and Energy, Business Registration.

Working Conditions

Legal Weekly Duration: 40 hours, but in reality many employees work at the week-end.
Retirement Age: 65 (men) and 60 (women)
Working Contracts: As in most European Union countries, there are fixed term contracts and open-ended contracts. Most Albanian contracts are open-ended.

Cost of Labor

Minimum Wage: ALL 14.000 (USD 145)
Social contributions: Social Security Contributions Paid By Employers: 19.1%
Social Security Contributions Paid By Employees: 8%

Social Partners

Social Dialogue and Involvement of Social Partners: Albanians are allowed to be unionized (except for the military), but they do not have the right to strike.
Unions: Teachers' Union
Unionization Rate: 20%
Labor Regulation Bodies: Institute of Statistics of Albania (INSAT)
Chamber of Commerce and Industry of Tirana
Ministry of Labor

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Last Updates: January 2012