How to Register an SHPK in Albania — Complete Step-by-Step Guide
Complete step-by-step guide to registering an SHPK (LLC) in Albania. Minimum capital, required documents, QKB registration steps, and costs.
What is an SHPK?
SHPK (Limited Liability Company) is the most common business form in Albania. It offers personal liability protection — owners are not personally liable for company debts beyond their contributed capital.
Minimum Capital
The minimum capital for an SHPK in Albania is 100 ALL (approximately 1 Euro). This makes it very easy to start a formal business in Albania.
Registration Steps
- Name Reservation: Check and reserve the company name at QKB (National Business Center).
- Prepare Documents: Articles of association, founding resolution, identification documents of shareholders and administrator.
- Capital Deposit: Open a temporary bank account and deposit the initial capital.
- Apply at QKB: Apply online via the e-Albania platform or directly at QKB offices.
- Tax Registration: Once the company is registered, you automatically receive your NIPT (Taxpayer Identification Number).
- Employee Registration: Register employees with social and health insurance systems.
Required Documents
- Copy of passport/ID of shareholders and administrator
- Notarised articles of association
- Founding resolution
- Proof of capital deposit
- QKB application form
Timeline and Costs
The process usually takes 3-5 business days. Costs include QKB fees, notarisation of the statute, and bank account opening — totaling approximately 100-200 Euro.
Frequently Asked Questions
Can I register an SHPK by myself?
Yes, an SHPK can have a single shareholder. This is called a single-member SHPK.
Do I need a lawyer?
Not necessarily, but it is recommended to ensure the articles of association comply with Albanian law and your specific business needs.
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