This situation provides a predictable and safe business environment for corporate companies. Corporate Compliance and Legal Risk Control Before Company Establishment The low number of minor offense decisions against legal entities does not mean companies are exempt from rules. On the contrary, professional management is essential to ensure corporate companies do not even fall into this 0.1% risk bracket. Companies that implement a comprehensive compliance program covering labor law, customs legislation, environmental regulations, and administrative permits can grow safely in the Kosovo market without encountering even the smallest judicial sanction. Subjecting local partnerships and commercial properties to legal due diligence scrutiny before investment is the first and most important step in corporate risk management. (Data Snapshots) "According to ASK's official data, of the 193,085 persons convicted in Kosovo's minor offense courts in 2016, 192,618 were physical persons while the number of legal entities was only 183." "2017 judicial data reveals that only 127 of the total 93,545 minor offense convicts across Kosovo were companies or similar legal entities." "In the combined 2016 and 2017 period, the share of legal entities among cases subject to minor offense proceedings in Kosovo was proportionally below 0.1%."
Publisher: Kosovo Investment / KS Law Consultancy L.L.C. Copyright notice: © Kosovo Investment / KS Law Consultancy L.L.C. All rights reserved. This content was prepared by Atty. Mehmet Vehbi Filiz. It may not be copied, reproduced, republished, or used for commercial purposes without written permission.