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Amendments to the Law “On Business Registration”

Law no.7/2022 “On an Amendment at Law no. 9723, dated 03.05.2007, “On business registration” is published in the Official Gazette no. 25 dated 15.02.2022, after being approved earlier in the Albanian Parliament.

With Law no. 7/2022 have been made only a few amendments regarding the values of fines, provided in points 2 and 3 of Article 74 of Law no. 9723/2007, issues related to the declaration in the register of false data (when they do not constitute a criminal offense), and also the fulfillment of the obligation of initial registration and other mandatory registrations by businesses within the deadline provided by law.

This amendment enters into force 15 days after its publication in the Official Gazette, and it seems to have significantly increased the value of the fines in the issues mentioned above to 60.000 ALL from 15.000 ALL provided by Law no. 9723/2007.

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