Limited liability Company in Kosovo
In Kosovo, the most frequent type of business entity is a Limited Liability Company (LLC). The LLC’s major feature is its limited liability, which means that stockholders cannot be held liable for losses caused by their assets. They are only accountable for the amount of their contribution and the company’s assets.
As a result, the owners’ assets are safe because the corporate liabilities cannot be collected from them. If a Shareholder receives a prohibited dividend distribution and knew or should have known at the time that such distribution was banned, the Shareholder is personally liable for the amount of the issued dividends.
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For international investors looking register LLC in Kosovo, our team offers a better and more transparent process.
Limited liability Company registration conditions
Requirements to register Limited Liability Company in Kosovo are as follows:
Timeline
It takes about 4 weeks to register LLC in Kosovo.
Fees
It costs around 3,450 to set up an LLC in Kosovo. Request our quote by contacting us.
Compulsory regulation
Your company must have at least one shareholder and a director in Kosovo. You should also hire a tax representative who is knowledgeable about Kosovo’s tax laws. It must have a minimum capital of €1 at the moment of incorporation. Because of the corporate setup, the bulk of LLC clients chooses Kosovo.
Documents
To register an LLC for the first time, the authorized representative must complete and submit the following documents to the KBRA:
- A copy of the owner’s and the authorized representative’s identification prepared by the KBRA,
- The founders’ signatures on the Memorandum of Incorporation,
- The LLC’s Statute (Charter), which the founders have signed.
Among other things, the Memorandum of Incorporation should include information on the shares, such as the quantity, the procedure, the time, and the location of payment. The Memorandum of Incorporation shall be titled “Act of Establishment/Incorporation” if the LLC has only one founder.
The LLC’s Statute (Charter) should include, among other things, the lawful business activity, voting rights, and members of the Board of Directors.
We help you prepare these documents and it is fast, reliable, and cost-effective.
Consultation about Limited liability Company registration
We’ve created a safe and reliable nominee structure for Limited Liability Company business creation that assures our clients’ interests are fully safeguarded under the law of Kosovo.
We can also work as a partner with your Limited Liability Company, ensuring that you can focus on your day-to-day business activities.
Accountancy
We specialize in technology-driven accounting services, and we provide you with your professional accountant with unlimited assistance.
Taxes
Kosovo’s tax policy is based on straightforward regulations that ensure a large revenue base while also preventing tax cheating.
Taxes vary depending on the type of business and the annual revenue.
There are three basic tax regimes used by the IRS:
- VAT stands for Value Added Tax (VAT)
- Corporate Income Tax (CIT)
- Personal income tax.
Bank account
Many challenges must be conquered to open a new bank account in a new location or country. So, if you’re relocating to Kosovo and want to register a business bank account, you’ll need to do some research and be aware of the requirements.
Years of expertise, along with intelligent strategists, have equipped us to provide the best advice for businesses with industry-specific requirements. Our business setup support includes project management services from start to finish, ensuring that your objectives are met.
Other legal forms in Kosovo
Other types of legal business structures in Kosovo are Joint Stock Company, Branch Office, Holding Company. Press the button below to discover our company registration services:
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