AMENDMENTS TO THE LEGISLATION ON REGISTRATIONS TO THE BUSINESS REGISTRATION (NBC)

In the Official Journal nr. 99 of 10.07.2019 of the Republic of Albania has been published the Law no. 30/2019 ‘’On Some Additions and Amendments in Law No. 9723, Dated 3.5.2007, “On Business Registration”, as amended.

In Article 22, after point 4 is added point 4/1 with the following content:

“4/1. Application to change the member and / or the structure of membership of legal entity is made within 30 calendar days from the date of the fact of the factual change of the member and / or the structure of the membership, except in cases provided for by law. Failure to comply with this new provision brings a monetary sanction of LEK 50,000. ”