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ARTICLE · 18 JULY 1995

Companies in Albania - A Summary Report

Bahas Gramatidis & Partners
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GreeceFinance and Banking

Types
The formation and operation of commercial companies in Albania are governed by Law 7638/19.11.1992. This law recognises four types of companies:

Personal
a. Unlimited partnerships
b. Limited partnerships

Capital
c. Limited liability company
d. Company limited by shares (this type includes both public companies and commercial companies of the private sector)

Procedure
As a rule, foreign enterprises choose the type of limited liability company.

The procedure for the formation of a limited liability company requires the filing of an application on the part of the administrator/s with the competent Court, including

a) the Articles of Incorporation and the Act of Establishment

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