Business Reforms in Kosovo
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Starting a Business: Kosovo made starting a business easier by simplifying the process of registering employees.
Getting Credit: Kosovo strengthened access to credit by adopting a new law that establishes clear priority rules inside bankruptcy for secured creditors and clear grounds for relief from a stay for secured creditors in reorganization procedures.
Resolving Insolvency: Kosovo made resolving insolvency easier by introducing a legal framework for corporate insolvency, making liquidation and reorganization procedures available to debtors and creditors.
Paying Taxes: Kosovo made paying taxes easier by introducing an online system for filing and paying VAT and social security contributions, and it made paying taxes less costly by allowing more types of expenses to be deducted for the calculation of corporate income tax.
Trading across Borders: Kosovo reduced the time and cost of documentary compliance and the time of border compliance for exporting by improving its automated customs data management system, streamlining customs clearance processes and implementing an Albania-Kosovo Transit Corridor.
Paying Taxes: Kosovo made paying taxes easier for companies by abolishing the annual business license fee.
Dealing with Construction Permits: Kosovo made dealing with construction permits easier by establishing a new phased inspection scheme and substantially reducing the building permit fee.
Registering Property: Kosovo made transferring property more difficult by increasing the fee for the registration of property transactions.
Enforcing Contracts: Kosovo made enforcing contracts easier by introducing a private bailiff system.
Starting a Business: Kosovo made starting a business easier by creating a one-stop shop for incorporation.
Dealing with Construction Permits: Kosovo made dealing with construction permits easier by eliminating the requirement for validation of the main construction project, eliminating fees for technical approvals from the municipality and reducing the building permit fee.
Registering Property: Kosovo made transferring property easier by introducing a new notary system and by combining procedures for drafting and legalizing sale and purchase agreements.
Starting a Business: Kosovo made starting a business easier by eliminating the minimum capital requirement and business registration fee and streamlining the business registration process.
Protecting Minority Investors: Kosovo strengthened investor protections by introducing a requirement for shareholder approval of related-party transactions, requiring greater disclosure of such transactions in the annual report and making it easier to sue directors when such transactions are prejudicial.
Labor Market Regulation: Kosovo introduced a minimum wage.
Labor Market Regulation: Kosovo increased the premium for night work as well as the days of annual leave. In addition, Kosovo decreased the notice period applicable in cases of redundancy dismissals.
Starting a Business: Kosovo made business start-up more difficult by replacing the tax number previously required with a “fiscal number,” which takes longer to issue and requires the tax administration to first inspect the business premises.
Paying Taxes: Kosovo made paying taxes less costly for companies by reducing the corporate income tax rate.