Albania

Ease of Doing Business in

Albania

This page shows summary Doing Business 2012 data for Albania. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Eastern Europe & Central Asia
Income Category Upper middle income
Population 3,169,087
GNI Per Capita (US$) 4,000.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
82 77 down -5
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 61 56 up -5
Dealing with Construction Permits 183 176 up -7
Getting Electricity 154 154 No change
Registering Property 118 126 up 8
Getting Credit 24 21 up -3
Protecting Investors 16 15 up -1
Paying Taxes 152 150 up -2
Trading Across Borders 76 76 No change
Enforcing Contracts 85 88 up 3
Resolving Insolvency 64 62 up -2

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 61 DB 2011 Rank 56 Change in Rank down-5
Indicator Albania Eastern Europe & Central Asia OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
5 6 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
5 16 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
29.0 8.3 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
0.0 10.0 14.1
No. Procedure Time to Complete Associated Costs
1 Search for a unique company name 1 day ALL 100
2 Notarize the incorporation documents 1 day ALL 8700
3 Request and obtain the Registration Certification and Unique Business Identification Number with National Registration Center, NRC (Qendra Kombëtare për Regjistrim,QRK) 1 day ALL 100
4 Registration with the Municipality Bureau of Internal Revenue 1 day ALL 98120
5 Make a company seal 1 day ALL (3,000 - 5,000)

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