Full Service Law Firm in Albania
LPA Law Firm
“EuroCol Building” Fifth Floor
+ 355 (4) 451-9241
+ 355 (4) 227-0936
Law Firm Overview
LPA Law Firm Albania Ltd is an Albanian law office, situated in the capital Tirana. Today, the firm is considered to be one of the most reliable Albanian law firms in the fields of business, commercial real estate and corporate law.
Areas of Law
Articles Published by LPA Law Firm
All economic for-profit units in the Republic of Albania, including financial institutions, regardless of their legal form or the specific legal requirements that can be applied to them, are subject to Law No. 9228, dated 29 April 2004, “On Accounting and Financial Statements”.Read Article
According to the Albanian law, reconnaissance is not treated as a separate activity. Reconnaissance and exploration rights are granted by the same permit, i.e. a reconnaissance and exploration permit. Such permit is granted for a three-year period, extendable for one additional year, for metallic, non-metallic, bitumen, coal, and radioactive minerals, while for construction minerals such permit is granted for a one-year period.Read Article
Register an LLC in Albania and register a Foreign Company Branch in AlbaniaRead Article
There are no specialised courts in Albania dealing with IPR infringements. Interested parties should address their claim to the Commercial Section of the First Instance Court of Tirana.Read Article
In accordance with law no. 33/2012 “On the Registration of Immovable Property” immovable property should be registered in the immovable property register. This register is open to the public and is administrated by local Immovable Property Registration Offices. The local Immovable Property Registration Offices report to the Immovable Property Registration Office which is governed by a Board of Directors and the Chief Registrar.Read Article
Persons who are not Albanian citizens and wish to work in Albania need a work permit issued by the Ministry of Social Welfare and Youth.Read Article
Foreigners who wish to reside in Albania on a long-term basis (in any case more than three months within each six-month period) are issued a residence permit.Read Article
New Law Concerning Debt Recovery in Albania - "On Late Payments for Contractual and Commercial Obligations”
The Albanian parliament has passed on 24.04.2014 the law no. 48/2014 “On Late Payments for Contractual and Commercial Obligations”, which is partially aligned with the Directive 2011/7/EU of the European Parliament “On Combating Late Payment in Commercial Transactions”.Read Article
The licensing system is governed by Law no. 10081, dated on 23.02.2009 “On licenses, authorizations and permits in the Republic of Albania”, which sets out 45 categories for licenses, permits and authorizations.Read Article
Foreign nationals are entitled to take up economic activities in Albania as self-employed persons, and to set up undertakings, in particular companies, which they effectively control. Foreign companies can also do business in Albania through setting up subsidiaries and branches.Read Article
Law No. 8561, dated 22.12.1999, “On Expropriations and Temporary Posession of Private Property for a Public Interest” regulates the right of the state to expropriate or take for temporary use of a public interest the properties of physical persons or legal entities, as well as the protection of the rights and interests of the respective owners.Read Article
In case foreign entities wish to file a trademark in Albania they can do so only through an authorized local trademark agent registered with the Albanian Patent and Trademark Office.Read Article
According to the assessment, the application of the laws of the PPP / concession in Albania is estimated to achieve "high efficiency" compared to international standards, the implementation of AML being a strong pillar and institutional frameworks and policy pillars were weak.Read Article
Since May 2012 , the Albania Parliament adopted the law on the establishment and functioning of Administrative Courts in all three levels of the judiciary , including the Administrative College of Supreme Court .Read Article
The electronic communications sector in Albania is governed by the Electronic Communications Law, 2008, as amended and supplemented by implementing regulations.Read Article
Albania performs reasonably well overall with respect to the quality of its energy (electricity and natural gas) sector. The recent EBRD energy law reform dimensions assessment has shown with regards to the country’s electricity legislation that private sector participation and market framework are the key weaknesses, with regulatory independence being the key strength.Read Article
Below is a detailed summary of the steps, time and cost involved in registering property in Albania. It assumes a standardized case of an entrepreneur who wants to purchase land and a building that is already registered and free of title dispute.Read Article
The procedure for the liquidation of an Albanian Company is described and specified in Albanian commerce law. The law provides the standard procedure for the liquidation of an Albanian Company.Read Article
Protection of intellectual property rights in Albania. Trademark in Albania.Read Article
In order to perform a business activity in Albania, a foreign investor may choose to (i) set up a locally incorporated company (sole proprietorship, general partnership, limited partnership, limited liability company, joint stock company and joint venture) or (ii) establish a branch or representative office.Read Article
Debt collection is a legal procedure whereby the creditor fails to enable by the debtor a payment of a monetary obligation, which the latter has failed to perform wholly or partly on a defined deadline.Read Article
In contrast to other countries, debt collection is mainly performed by lawyers and not by collection agencies in Albania. Consequently, lawyers in Albania undertake to perform the task of recovering debt for their clients; this naturally leads one to conclude that lawyers are skilled and experienced in the collection of debt.Read Article
Under the agreement between the Central Immovable Property Registration Office Albania (CIPRO) the Swedish company Lantmäteriet has brought to Albania a team of specialist who, in collaboration with CIPRO specialists will assist the project of the implementation of the computerized system property registration in Albania.Read Article
Videos Provided by LPA Law Firm
Albania Company Formation - Albania Register Company
LPA Law Firm Albania Ltd is the leading Albanian law office, situated in the capital Tirana. Today, the firm is considered to be the leading Albanian law firm in the fields of Business, Corporate Law, Energy Law, Intellectual Property and Commercial Real Estate.
INVEST IN ALBANIA LPA LEGAL
Albania Register Company
The relevant legislation in Albania provides for different types of business entities operating in the market according to their sector of interest. Corporate entities acquire legal personality upon registration at the Commercial Registry held by the National Centre of Registration for Commercial Companies in Albania.
However, capital companies, such as limited liability companies (abbreviation in Albanian: SHPK) and joint stock companies (abbreviation in Albanian: SHA), are the most recognised forms of business entities which require attention when dealing with corporate governance issues. It is essential for them to set up accurate rules for their organisation, accurate functioning, the delegation of competencies and a good relationship between the shareholders and other stakeholders and the managing bodies of the entity.
Limited liability companies are the most extended form of business entities in Albania as the small- or medium-sized types of organisation in the market. They mostly take the form of a family business. Limited liability companies are incorporated by two or more shareholders (individuals or legal entities, domestic and foreign ones) with a minimum capital of EUR 10. Because of their growth not only in the market but also as businesses, these companies are of interest when discussing corporate governance issues.
Joint stock companies, on the other hand, operate in important sectors of the Albanian economy, and take an interest in building up modern and efficient corporate governance processes and procedures. Joint stock companies are established by two or more shareholders (individuals or legal entities, domestic and foreign ones) with a minimum capital of EUR 25,000.
Both types of companies are also allowed to have one shareholder; a fact that should be immediately disclosed.
As capital companies, both SHPK and SHA are characterised by the limited liability of their shareholders up to the value of their contribution in the registered capital of the company, but they differ in their organisational and functioning approach. The SHA has more interest when discussing corporate governance related to the organisational structure of this type of corporate entity, as there exists a greater distinction between the managerial bodies, shareholders and other stakeholders.
Concerning listed companies, Albania has not yet developed the stock exchange market, despite the fact that the legislation in this field is pertinent and modern.
In this context, the discussion of corporate governance issues shall be limited to SHPK and SHA.
The model of corporate governance introduced by Albanian commercial law is a modern and mixed approach of both Anglo-Saxon and German models of corporate governance. This mixed model of corporate governance is subject to rules set by the law and by those elaborated internally as a code of ethics or manual of operation by each business entity.
The main sources of the set of laws for corporate governance are considered:
Albanian commercial legislation, as mentioned above, is new and modern, and the changes introduced have not had any direct effect on corporate governance issues. As such, the topical issue of the moment is the independence of the management body. The practice followed by the capital companies of both types is the direct control over the management of the company by preventing professionalism in the administration and management of the company. On the one hand, the control should be limited. However, new trends are apparent in this topic, such as the decreasing of confidence for the management bodies of the company.
The loyalty and confidence between the shareholders and management bodies of the company will be reflected in the professional performance of the management and profit rise of the corporate entity.
Energy Oil and Gas Attorneys in Albania - LEADING ALBANIA LAW FIRM
The oil and natural gas sector in Albania is regulated by Law No. 102/2015 “On the natural gas sector” (“Law 102/2015”), and the Regulation on Licensing, Amendment, Partial or Integral Transfer, Withdrawal and Renewal of Licenses in the Gas Sector, as approved by ERE with Decision no. 9, dated 11.02.2011 (“Regulation 9/2011”).
According to the Albanian law, all petroleum in its natural state is exclusive property of the Albanian State, represented by the Ministry of Energy and Industry (the “MEI”). MEI is entitled to conclude petroleum agreements with any contractor interested in the research and production of oil and gas, granting them the right to research and produce as per the terms and conditions of the petroleum in the relevant contract area.
The National Agency of Natural Resources (“NANR”) is an institution dependent on the MEI. NANR is entitled to negotiate petroleum agreements, prepare the necessary documentation and practices concerning the granting of the permits, licences and authorizations in compliance with the law which enables an applicant to enter into agreements and to perform petroleum operations.
The Albanian Energy Regulator Authority (“ERA”) is the regulatory authority in the sector of natural gas and electric power, with the exception of the exploration and production/exploitation of natural gas.
Albania Company Register
Company formation and registration services in Albania
Accountancy services including: payroll, bookkeeping, VAT and VAT refund services
Corporate banking introductions in Albania
Legal consultancy in Albania
Tax consultancy in Albania
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