Albania: Operating a Business

Setting Up a Company

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.

The Competent Organisation: 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	5.3
Time (days)	4.5	11.8

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 (in Albanian), Business Registration.

	2018	2019	2020
Labour Force	1,400,072	1,422,089	1,402,604

Source: International Labour Organization, ILOSTAT database

Source: International Labour Organization, ILOSTAT database

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.
Labour Laws: Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

Minimum Wage: In 2019, the minimum wage was ALL 26,000 per month according to the International Labour Organization (latest available data).
Average Wage: The gross monthly average wage was ALL 52,380 in 2019 according to the National Institute of Statistics (latest available data).
Social Contributions: Social Security Contributions Paid By Employers: 16.7% of salaries
Social Security Contributions Paid By Employees: 11.2% of the gross wage

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.
Labour Unions: List of Workers' Unions in Albania
Unionisation Rate: 20%
Labour Regulation Bodies: Institute of Statistics of Albania (INSAT)
Chamber of Commerce and Industry of Tirana
Ministry of Labor

Any Comment About This Content? Report It to Us.