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flag Albania Albania: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

Limited Liability Company or Sh.p.k. (Shoqëri me Përgjegjësi të Kufizuar).
Number of partners: one person or more
Capital (max/min): ALL 100 (EUR 1).
Shareholders and liability: Capital must be totally paid up when the company is formed.
Public Limited Company: Sh.a: Shoqëri Anonime
Number of partners: No limit to holdings.
Capital (max/min): ALL 10 million.
Shareholders and liability: 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
Number of partners: No limit to holdings.
Capital (max/min): ALL 2 million.
Shareholders and liability: When the company is formed, 25% of the capital must be paid up and the rest within the following 5 years.
General partnership
Number of partners: 2 persons or more.
Capital (max/min): ALL 100 (EUR 1).
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): ALL 100 (EUR 1).
Shareholders and liability: "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) 4.0 6.0
Time (days) 4.0 14.0

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.

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The Active Population in Figures

20112013
Labor force 1,071,0001,098,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -59.50%60.30%
Men activity rate 70.40%71.30%71.30%
Women activity rate 49.30%49.70%49.60%

Source: UN - United Nations

 

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

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Cost of Labor

Minimum Wage
ALL 20,000 per month (source: ILO, 2011).
Social contributions
Social Security Contributions Paid By Employers: 19.1%
Social Security Contributions Paid By Employees: 8%

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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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Learn more about Operating a Business in Albania on Globaltrade.net, the Directory for International Trade Service Providers.

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Last Updates: January 2015