Corporate Law at Albania
Corporate law in Albania governs the formation, operation, and dissolution of companies and business entities. It ensures proper regulation of corporate governance, shareholders’ rights, and company obligations within the Albanian legal framework.
🏛️ Governing Authority
National Registration Center (Qendra Kombëtare e Regjistrimit - QKR)
Responsible for company registration and keeping corporate records.
Albanian Courts
Handle corporate disputes and enforcement of corporate law.
📜 Legal Framework
Law No. 9901/2008 “On Entrepreneurs and Commercial Companies” (as amended)
The main statute governing corporate law in Albania.
Regulates types of companies, formation procedures, governance, and dissolution.
Law No. 9887/2008 “On Accounting and Financial Statements”
Regulates accounting standards and financial reporting obligations for companies.
Other Relevant Laws
Include legislation on securities, bankruptcy, and labor law affecting corporations.
🔍 Types of Companies
Sole Proprietorship (Ndërmarrje Individuale)
Owned by one individual, simple structure.
General Partnership (Shoqëri e Përgjithshme)
Partners have unlimited liability.
Limited Partnership (Shoqëri Komandite)
Includes general and limited partners.
Limited Liability Company (Shoqëri me Përgjegjësi të Kufizuar - SHPK)
Most common form, shareholders’ liability limited to capital contribution.
Joint-Stock Company (Shoqëri Aksionare - SHA)
Suitable for larger businesses, shares can be publicly traded.
🔍 Corporate Governance
Shareholders’ Meeting
The supreme governing body making key decisions.
Management Board or Director
Responsible for daily management.
Supervisory Board (for Joint-Stock Companies)
Oversees management and financial reporting.
⚖️ Key Provisions
Capital Requirements
Minimum capital varies by company type (e.g., 100,000 ALL for LLC, 5 million ALL for Joint-Stock Companies).
Registration
Mandatory registration with QKR, including articles of association and capital details.
Financial Reporting
Annual financial statements must be prepared and submitted.
Mergers and Acquisitions
Governed by specific provisions allowing restructuring and transfers.
Dissolution and Liquidation
Regulated procedures for voluntary and involuntary liquidation.
Summary Table
| Aspect | Details |
|---|---|
| Main Law | Law on Entrepreneurs and Commercial Companies (No. 9901/2008) |
| Company Types | LLC, Joint-Stock, Partnerships, Sole Proprietorship |
| Governing Body | National Registration Center (QKR) |
| Capital Requirements | Varies by company type |
| Key Governance Bodies | Shareholders’ meeting, management board |
| Financial Reporting | Annual statements required |
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