Remote Company Formation by Power of Attorney

Incorporate your Albanian Sh.p.k. without traveling — a notarised power of attorney lets our team complete registration, tax setup and document handling entirely on your behalf.

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Registration Is Remote — Banking Is the One Exception

Company registration in Albania can be completed almost entirely without travel. Once a power of attorney is properly notarised — and apostilled or consular-legalised, depending on your country — your representative can reserve the company name, sign the Articles of Association, file with the National Business Center (QKB), and obtain both the registration certificate and the NIPT (tax identification number) on your behalf.

The one consistent exception across Albanian banking practice is the corporate bank account: banks generally require the company’s legal representative to appear in person at least once for identification and KYC (Know Your Customer) purposes, in line with standard Albanian banking procedure. After that single visit, the account can typically be operated remotely. This is the single most important planning point for a fully remote setup, and we confirm it with your chosen bank before starting the engagement.

SETTING UP A COMPANY BY POWER OF ATTORNEY

1,450 EUR
fixed package fee

PACKAGE OF SETTING UP A COMPANY BY POWER OF ATTORNEY INCLUDES:

Assistance in setting up the company (name check & QKB filing)
Virtual office / registered legal address for 1 year
Preparation of required incorporation documents (Articles of Association, registration form)
Power of Attorney preparation
Certified translation of the Power of Attorney into Albanian
Representation of the shareholder(s) under the Power of Attorney
Beneficial owner (UBO) declaration and registration
Notary coordination services
NIPT (tax ID) issuance and initial tax registration
State registration fee

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Fixed package fee for a standard Sh.p.k. with individual shareholders. State fees, notarisation and apostille/legalisation costs in your home country, and courier charges are billed separately at cost — these typically add up to approximately €150–€250 depending on your country and document volume.

What the Power of Attorney Covers

A properly scoped POA authorises your representative to act only within a defined, listed set of steps:

Reserving and confirming the company name with the QKB.
Signing the Articles of Association and incorporation forms on your behalf.
Filing the registration application and supporting documents with the QKB.
Receiving the registration certificate and NIPT.
Submitting the beneficial owner (UBO) declaration.
Coordinating VAT and, where applicable, payroll registration.
Submitting preparatory documents to the bank ahead of your in-person account-opening visit.

The POA should always be limited in scope, time-limited, and revocable at any time.

How the Remote Process Works

POA drafting & client information

Sign & notarise locally, then apostille/legalise

Courier & certified translation into Albanian

QKB filing — registration & NIPT issued

UBO declaration & tax registration

One in-person visit to activate the bank account

Typical timeline: 1–2 weeks from signing the POA to a registered, tax-active company, depending on notarial and apostille processing speed in your home country. Registration at the QKB itself is usually completed within a few business days of a complete file being submitted.

Documents Required

Passport copies of all shareholders and the appointed administrator.
A notarised power of attorney, apostilled (Hague Convention countries) or consular-legalised (non-Hague countries).
Proposed company name(s), in order of preference.
Completed company registration information form (we prepare this for your signature).
Certified Albanian translation of the POA and any foreign-issued corporate documents.

Fee Schedule — Additional & Ongoing Services

Beyond the fixed package above, the following services are priced individually. Your adviser confirms an exact quotation once your structure, nationality and banking preference are known.

Service	Indicative Fee
Remote formation — full package (as above)	€1,450 fixed fee
Registration only, no virtual office bundled	from €650
Bank account opening assistance (in-person visit required)	from €150
Legal address / virtual office — renewal after year 1	from €600 / year (≈€50 / month)
Company seal	from €40
Notarisation, apostille & courier (per your home country)	from €150–€250, billed at cost
Accounting & tax compliance (monthly)	from €150 / month
Corporate governance & admin support (monthly)	from €300 / month
Local director / administrator service (if required)	quoted individually

⚠ Practical note

Foreign e-money accounts such as Revolut or Wise are not generally recognised as a standard banking option for an Albanian company’s core operations, and are best used only as a supplementary account. Albanian tax authorities may request statements from a locally recognised bank during tax reviews, so we recommend budgeting for one in-person visit to open a proper Albanian corporate account, even if every other step is handled remotely.

Frequently Asked Questions

The registration itself, yes — name reservation, signing incorporation documents, QKB filing, NIPT issuance and the UBO declaration can all be completed under a notarised power of attorney. The one step that generally requires your physical presence is opening the corporate bank account.

Albanian banks apply standard KYC (Know Your Customer) procedures that generally require the legal representative to appear in person at least once, to verify identity and sign account-opening documents. This is standard practice across Albanian banks, not specific to any one institution.

We don’t recommend relying on these as your company’s primary account. They are not generally treated as a standard banking option for an Albanian company’s core operations, and the tax authority may request statements from a recognised local bank during a tax review. They can serve as a useful supplementary account for international transfers.

In most cases, yes. If your country is party to the 1961 Hague Convention, an apostille on the notarised POA is generally sufficient. If not, consular legalisation through an Albanian embassy or consulate is required instead, followed by a certified Albanian translation.

The package covers our formation assistance, the virtual office/legal address for the first year, document and POA preparation, certified translation, representation under the POA, the UBO declaration, notary coordination, NIPT issuance and the state registration fee. Notarisation and apostille costs in your home country, and courier charges, are billed separately at cost, since these vary by jurisdiction.

Typically 1–2 weeks from signing the power of attorney to holding a registered, tax-active company, depending mainly on how quickly the POA can be notarised and apostilled in your home country. QKB registration itself is usually completed within a few business days of a complete file being submitted.

The standard Sh.p.k. requires only a nominal minimum share capital — there is no material capital barrier for most foreign-owned formations. Your adviser will confirm the exact figure and any activity-specific exceptions.

No — a foreign shareholder can act as the company’s administrator. A local director/administrator service is available as a separate, individually quoted service if you prefer not to hold that role yourself.