We provide professional Albania company dissolution services with the National Registration Center (NRC) and other relevant government agencies.
The process of company dissolution is managed by the NRC based on the guidelines of the Albanian Companies Act. Dissolution is not an alternative to formal insolvency proceedings where these are appropriate, and in particular, not if the company is unable to pay its debts.
In Albania a Limited Liability Company, Joint Stock Company, or branches and representative offices of foreign companies may be dissolved if:
- The term has expired
- The shareholder assembly takes the decision to dissolve
- Has ceased or discontinued its commercial operations for two years and has not notified the Commercial Registry
- The opening of bankruptcy proceedings
- A court decision
The procedure for the voluntary dissolution of legal entities, branches and representative offices of foreign companies, starts with the submission of the application for deregistration to the Commercial Registry. Then the company will appoint a liquidator whom must file the appropriate documents verifying the performance and the completion of the voluntary liquidation procedures. In addition, the appointed liquidator will perform the following:
- Liquidate the company’s assets
- Pay any existing debts and payables
- Distribute available surplus assets to the shareholders
The deregistration is not performed if the intermediate acts of the process of liquidation have not been announced and filed with the Commercial Registry or if there are objections from creditors, outstanding tax liabilities and penalties etc. Generally, the entire process of Albania company dissolution takes 6-9 months.
Our service for company dissolution includes:
Preparation of Shareholder’s / Board of Directors’ Resolution
Preparation and filing of application forms
Preparation of notices
Preparation of liquidation report
Obtain Deregistration Certificate
The process of striking off a company is tedious and complex and therefore it is ideal to take the help of a professional service provider. At MB Consulting Albania, we take the responsibility of the requirements and procedures that go into the company dissolution. We ensure that the liquidation of your company operations is accomplished by us smoothly and swiftly.