Registration Process
Starting a business in Kosovo is efficient, with a “starting a business score” of 95.9/100 by the World Bank. Registration is done through the Kosovo Business Registration Agency (KBRA) and takes an average of 3 days. There is no restriction for foreigners.
Contents
Common Business Structures
1. Limited Liability Company (L.L.C)
This is the most common form for foreign investors. It offers limited liability protection.
- Capital: No minimum share capital requirement.
- Governance: Managed by at least one Managing Director. A Board of Directors is optional.
- Shareholders: Can be natural or legal persons. Decisions are generally made by a simple majority, with unanimous consent required for major changes like charter amendments or asset disposal.
2. Joint Stock Company (J.S.C)
Suitable for larger enterprises.
- Capital: Minimum initial capital is €10,000.
- Governance: Mandatory Board of Directors and Shareholder Assembly.
- Shares: Can issue common and preferred shares.
3. Partnerships
- General Partnership: Partners are jointly and severally liable for all debts.
- Limited Partnership: Consists of at least one General Partner (unlimited liability) and one Limited Partner (liability limited to contribution).
4. Structures for Foreign Companies
- Branch: Conducts business activity; registered at KBRA; requires a registered agent resident in Kosovo.
- Representative Office: Not a legal person; strictly for market research and promotion; cannot generate income.