Albania is considered a country of significant potentials: spectacular mountains, rivers, as well as sandy and rocky beaches. Albania also provides a set of competitive advantages related to foreign investments. The free-market reforms have opened the country to foreign investments, especially in the field of power, transport, infrastructure, and tourism development.
If you are thinking about starting a business in Albania, you could opt for a sole proprietorship, as it’s the least complex business form. A sole proprietorship is formed by a single person with unlimited liability on the debts of the company.
Disclaimer: Be aware that this article is not a substitute for legal advice. Please always check official websites or seek legal advice before you take
Registering a sole proprietorship in Albania
Both a natural and a legal person with an active account at e-Albania can register a sole proprietorship. Apart from the account, the person must fill out an initial registration form.
The registration can be done electronically using the online procedure or physically at every National Registration Centre (NRC). The registration at one of the NRC desks costs ALL 100 (around EUR 0,7) while the online procedure is free.
Before registering at the NRC, you should access the online portal and conduct research and select a business name that is available. Since April 22, 2014, the National Registration Centre ensures the provision of electronically signed documents.