Business companies registered in 2019 by their status, suspended

Five per cent of the companies registered in 2019 have been suspended within the year. This is an indicator of the status of the business companies established during the twelve months of 2019. Open Corporates Albania is a database created and maintained by AIS. This database has published data about Business Companies registered from 1 January to 31 December 2019. These data and the relevant documents are easily accessed through passports disclosing their identity, scope of activity, managerial structure, owners over the years, capital values, performance and legal issues characterizing their business. Such passports link also the data on tenders and payments made by the State Treasury to the respective companies. This article provides aggregate data about Business Companies by their status during the first months after their registration. In 2019, there were 3291 (three thousand and twenty hundred and ninety-one) business companies registered in the country as shareholders companies (SHA) and companies with limited liabilities (SHPK).  By February 2020, the activity of 177 of them was already suspended, indicating difficulties or problems with the implementation of their initial business plan since the first months of their establishment. Out of these 177 companies, 106 suspended their activity in the first three months of their activity. Of these companies, 2 were deregistered, while 16 are in a liquidation process. The termination or suspension of the business cycle since the first year of operation for several business companies is an interesting indicator of the dynamics and quality of doing business in the country.

Data: National Business Centre
Processing and Analysis: Open Corporates Albania

Data: National Business Centre
Processing and Analysis: Open Corporates Albania

The Open Corporates Albania database contains also passports with information, data, and documents accessible to the public for all the business companies established in 2019. The database search engine enables users to search for companies and get their list by their name, owners, former owners, type of activity, origin of capital, capital value, founding year, status, and the company’s licenses.

The companies founded and registered at the National Business Centre during 2019 have a shareholder capital and quotas worth 8 970 697 392.82 (eight billion and nine hundred and seventy million and six hundred and ninety-seven thousand and three hundred and ninety-two point eighty-two) leke. Open Corporates Albania is an open data base, with easily accessible information on business companies operating in the country.

Download excel: Business companies registered in 2019 by their status, suspended
Comment and Analysis: Open Corporate Albania
Translated by: Etleva Kondakçi