Ease of Doing Business in
Prizren, Kosovo - South East Europe
This page summarizes Doing Business data for Prizren, Kosovo. The first table shows its rank among 22 cities/regions in South East Europe. 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 |
|
| Income Category |
|
| Population |
|
| GNI Per Capita (US$) |
|
|
Ease of Doing Business Rank among 22 cities in South East Europe
|
Top city in South East Europe |
| n.a. |
n.a. |
Subnational Data
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.
| Indicator |
Prizren, Kosovo |
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). View methodology
Procedures (number)
|
11 |
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. View methodology
Time (days)
|
36 |
14 |
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. View methodology
Cost (% of income per capita)
|
23.9 |
6.8 |
4.5 |
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. View methodology
Paid-in Min. Capital (% of income per capita)
|
112.4 |
5.0 |
13.3 |
| No. |
Procedure |
Time to Complete |
Associated Costs |
| 1 |
Open a bank account, deposit the minimum chartered capital, and pay business registration fee
|
1 day
|
EUR 23 (EUR 10 for registration fee + EUR 10 for statute registration fee + EUR 2 for Business Certificate fee + EUR 1 for bank transaction fee)
|
| 2 |
Request and obtain the Business Certificate and the ‘Business Information’ document at the Kosovo Business Registration Agency (KBRA)
|
10 days
|
EUR 3 (travel expense to Pristina)
|
| 3 |
Make a company seal
|
1 day
|
EUR 30 (EUR 15 to EUR 45)
|
| 4 |
Request and obtain a confirmation letter proving that property tax in the leased premises has been paid
|
1 day
|
No cost
|
| 5 |
Request a municipal business permit and obtain invoice for permit fee
|
1 day
|
EUR 30 (application fee)
|
| * 6 |
Request consent from the Municipal Inspectorate
|
1 day
|
EUR 45 (EUR 15 for each inspector)
|
| * 7 |
Pay annual business permit fee at a local bank
|
1 day
|
EUR 401 (EUR 400 for business permit fee + EUR 1 for bank transaction fee)
|
| 8 |
Receive inspection by the Municipal Inspectorate and obtain business permit
|
7 days
|
No cost
|
| 9 |
Request and obtain a fiscal number from the Tax Administration of Kosovo (TAK) at the Ministry of Economy and Finance (MEF)
|
10 days
|
No cost
|
| 10 |
Register the company for Value Added Tax (VAT) with the Tax Administration of Kosovo (TAK) at the Ministry of Economy and Finance (MEF)
|
2 days
|
No cost
|
| 11 |
Register employees for the Pension Fund with the Tax Administration of Kosovo (TAK) at the Ministry of Economy and Finance (MEF)
|
1 day
|
No cost
|
* Takes place simultaneously with another procedure.
Subnational Data
Close