Amendments to the Law “On Business Registration”

In the Official Gazette No. 25 on 15.02.2022, Law No. 7/2022 “For an amendment to Law No. 9723, dated 03.05.2007, “On the registration of the company”, previously approved by the Albanian Parliament, was published. With Law No. 7/2022, changes have been made only to the values ​​of the fines provided for in points 2 and 3 of Article 74 (of Law No. 9723/2007, in cases relating to the declaration of false data to the register (when they do not constitute a crime) as well as the failure to perform, within the terms provided for by law, the obligation for initial registration and other mandatory registrations by companies. This amendment, which comes into force 15 days after publication in the Official Journal, has significantly increased the value of the fines in the above-mentioned cases, to 60,000 Lekë from 15,000 Lekë provided for in Law No. 9723/2007.