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Kosovo Business Advantages & Tax Policies

Registering A Company in The Republic of KosovoThe Republic of Kosovo is located in south-eastern Europe and has a population of only 1.9 million people, with more than 90% of the population being Albanian and speaking predominantly Albanian. Kosovo is also consistently ranked as one of the easiest countries to start a business. This is due to Kosovo’s relatively loose and simple tax policy, which has lower VAT, personal income tax, and corporate tax rates than the collar countries, as well as a variety of tax breaks and exemptions for businesses.

Kosovo’s corporate tax is 10%, with a maximum VAT of 18%. Although Kosovo is not a member of the EU, the Euro is the common currency, which makes it easier to establish businesses in the country and trade with EU countries. In addition, the average salary in Kosovo is approximately 435 euros, which significantly reduces the cost of labour for foreign corporations and contributes to the population’s youthful demographic.

The Kosovo government has also been actively working to improve the business environment by simplifying the registration process and lowering start-up and operating costs in order to make doing business easier. Furthermore, Kosovo’s geographical location in south-east Europe facilitates trade with the EU and other countries in the region, giving businesses registered in Kosovo access to a larger market and more business opportunities. Kosovo also has several flights and high-speed corridors connecting it to other European countries.

 

Kosovo Company Registration: Process & Requirements Guide

Before preparing to register a company, the applicant needs to be aware of the different types of companies, as well as the country’s legal procedures and tax regulations, among others. The registration process can be divided into several steps such as preparing legal documents, opening a bank account, setting up a virtual office and complying with accounting and tax regulations. You can also consult with the professional team at 3E Accounting to help you successfully register your company in the Republic of Kosovo.

The common types of companies in Kosovo include Limited Liability Company (LLC), Joint Stock Company (JSC), General Partnership (GP) and Limited Partnership (LP). Foreign applicants typically choose to register an LLC. After deciding on the type of company, you must apply for an appropriate company name that adheres to the Kosovo Business Registration Agency’s (KBRA) naming guidelines. The next step is to prepare and submit the necessary legal documents, such as the Articles of Association and Business Registration Application Form, to the appropriate authorities.

Additionally, the minimum registered capital needed to register a business must be in line with the rules for that type of business. After completing these preparations, you can submit the application to the Kosovo Business Registration Agency and pay the appropriate registration fees.
The fees for registering a company are as follows:

  • LLC: 150 EUR (approx.. 170 USD)
  • JSC: 350 EUR (approx.. 400 USD)
  • GP: 150 EUR (approx.. 170 USD)
  • LP: 150 EUR (aprox.. 170 USD)

Before that, you might need to set up a virtual office. 3E Accounting welcomes you to contact us for virtual office services. Following successful registration, you must also register with the Tax Administration of Kosovo to pay taxes and obtain additional permits and licences based on your business activities. The entire registration process typically takes 3 to 5 working days, depending on the application’s complexity and actual processing time, after which the bank account can be opened.

 

Exploring Kosovo’s Company Regulations and Economy with 3E Accounting

Finally, registering a company in Kosovo is not difficult, but once you have done so, you will need to have an in-depth knowledge of the local company regulations to ensure that your company can function properly there. This knowledge will also help you gain a deeper understanding of the local economic conditions in Kosovo. The business environment and economic potential of Sovo offers a wealth of opportunities for businesses to grow. If you need more guidance and support in registering a company or running a business, feel free to contact 3E Accounting to assist you in the smooth running of your business activities in Kosovo.

Registering A Company in The Republic of Kosovo