Business
The Entrepreneurs and Companies Act with fast NBC registration
Company law follows the Act on Entrepreneurs and Commercial Companies, aligned with EU directives. The shpk (limited liability company) requires minimal capital and registers through the National Business Center one-stop shop.
Key rules
- An shpk can be formed with minimum capital of ALL 100.
- Registration at the National Business Center simultaneously covers tax and social security.
- Directors owe duties of care and loyalty, with liability for acting against the company's interest.
Governing law
- Act 9901/2008 on Entrepreneurs and Commercial Companies
- Act on Bankruptcy
In practice
Beneficial-ownership registration is mandatory and enforced with significant fines for late or inaccurate filing.