Industries
Sector knowledge where it changes the numbers
Eight kinds of business we work with every month, the issues that make finance hard in each, and how we deal with them.
SMEs
Small and medium-sized businesses
Most companies in Kosovo are small and run by their owners. You need filings that are right every month and numbers you can use to run the business, without hiring a full finance team.
Relevant services
What makes it hard
Deadlines that depend on memory
VAT by the 20th, payroll by the 15th and quarterly corporate tax advances leave little room when one person handles everything.
Records spread across inboxes
Invoices arrive by email, on paper and through messaging apps, and some never reach the accountant.
Numbers that arrive too late
Accounts prepared once a year say little about cash, margins or the VAT bill that is coming.
How we help
- Monthly bookkeeping, VAT and payroll on a fixed calendar
- One portal for every invoice and receipt, read automatically
- A short monthly report with revenue, costs, cash and taxes due
- Advice before decisions such as hiring, investing or registering for VAT
Startups
Founders building their first finance function
Early-stage companies need clean books from day one, an ownership structure that holds up and numbers investors can trust, at a cost that fits the runway.
Relevant services
What makes it hard
Set-up choices with long tails
The legal form, VAT registration and how founders are paid all have tax effects that are hard to undo later.
Investor questions
Due diligence asks for monthly accounts, payroll records and tax filings that many startups never organised.
Burn and runway
Without a monthly view of cash, founders discover problems when the account is already low.
How we help
- Company set-up, registrations and the first filings
- Bookkeeping and payroll from the first hire
- Runway, budget and investor reporting
- Data room support for funding rounds
Technology companies
Software, IT services and outsourcing teams
Many Kosovo technology companies export their services to clients abroad. That brings cross-border VAT questions, payroll for skilled teams and reporting to foreign parents or investors.
Relevant services
What makes it hard
Exported services and VAT
Where a service is supplied, and whether Kosovo VAT applies, depends on the customer and the contract.
Payroll for growing teams
Bonuses, contractors and secondary employment all change how wage tax and pension are withheld.
Group reporting
Foreign parents want monthly figures in their format, often under IFRS, and transfer pricing that holds up.
How we help
- VAT analysis of contracts and exported services
- Payroll, contractor and employment compliance
- IFRS reporting and group packs for head office
- Transfer pricing documentation for related-party services
Professional services
Agencies, consultancies, clinics and practices
For firms that sell time and expertise, profit depends on utilisation, pricing and collecting on time. We keep compliance routine and make those numbers visible.
Relevant services
What makes it hard
Late-paying clients
Receivables grow quietly while VAT on issued invoices is still due by the 20th.
Partner and owner pay
Salary, dividends and expenses each carry a different tax cost.
Pricing without data
Few firms know which clients and services actually make money.
How we help
- Bookkeeping, VAT and payroll handled monthly
- Receivables tracking and cash reporting
- Profitability by client and service line
Construction
Contractors, developers and subcontractors
Construction combines long projects, advance payments, subcontractors and large VAT amounts. Small errors in timing or documentation become expensive in an audit.
Relevant services
What makes it hard
VAT timing on advances and milestones
When VAT becomes due on staged payments needs to be planned, not discovered.
Subcontractor documentation
Missing invoices or contracts can turn legitimate costs into non-deductible ones.
Project profitability
Costs booked to the wrong project hide which contracts lose money.
How we help
- VAT planning for contracts, advances and retentions
- Project-based accounting and cost tracking
- Audit readiness for ATK reviews
- Payroll for site teams and seasonal workers
Manufacturing
Producers, processors and workshops
Manufacturers carry stock, machinery and import VAT, and their margins depend on knowing the real cost of each product.
Relevant services
What makes it hard
Inventory that does not reconcile
Stock counts, purchases and cost of sales drift apart without regular reconciliation.
Import VAT and cash
VAT paid at import ties up cash until it is recovered through the return.
Product costing
Without allocated overheads, prices are set on guesswork.
How we help
- Inventory accounting and month-end reconciliations
- Input VAT recovery on imports and equipment
- Product and margin analysis
- Asset registers and depreciation
E-commerce
Online shops, marketplaces and digital sellers
Selling online means many small transactions, payment platforms, refunds and, often, customers in more than one country.
Relevant services
What makes it hard
Payouts that hide the detail
Platform payouts net off fees and refunds, so sales must be rebuilt for VAT.
Cross-border sales
Selling to customers abroad, or digital services into Kosovo, brings different VAT rules.
Stock and returns
Returns and damaged goods need to reach the books, not just the warehouse.
How we help
- Reconciliation of platform and payment provider reports
- VAT treatment of domestic and cross-border sales
- Automated import of sales data into the books
Foreign investors
Companies and diaspora entrepreneurs entering Kosovo
Setting up in Kosovo goes more smoothly when the order of steps is clear from the start. We guide you from the legal form to the first filings, in English, and stay on as your finance team.
Relevant services
Setting up in KosovoWhat makes it hard
Unfamiliar rules and institutions
ARBK, ATK, the banks and the pension trust each have their own requirements and forms.
Documents from abroad
Company papers from your home country may need legalisation and translation.
Reporting back home
Head office needs figures in its own format and currency, on its own calendar.
How we help
- Legal form, registration and tax set-up
- Support with the bank account and its onboarding documents
- Payroll, VAT and corporate tax from the first month
- Group reporting in English, under IFRS where needed
Foreign investors
Setting up in Kosovo
The usual sequence for a foreign company or investor. Exact requirements, timelines and official fees depend on your case and change over time, so we confirm them in writing before you start.
Choose the structure
We compare the options open to you, such as a limited liability company (SH.P.K.) or a branch of a foreign company, for liability, tax and reporting.
Prepare the documents
We list what is needed for owners and directors, including any legalisation or translation of documents from abroad, before anything is sent.
Register the business
Registration with the Kosovo Business Registration Agency (ARBK), which issues the unique identification number (NUI) the business also uses with ATK.
Open a bank account
Kosovo banks carry out their own checks on owners and directors. We help you prepare the information they usually ask for.
Set up tax and payroll
VAT registration once taxable turnover passes EUR 30,000, with advice on whether registering earlier helps, and payroll ready before the first salary: wage tax and 5% plus 5% pension declared by the 15th.
Run the first months
Bookkeeping, monthly VAT returns by the 20th, quarterly corporate tax advances and reporting to head office in English.
Ura Advisory is a tax and finance firm, not a law firm. Where a step needs a lawyer or a notary, we tell you and work alongside them.
Plan your set-up with usTell us about your business
We will tell you which issues matter most in your sector, what we would do first and what it costs.