Albania

General Information

    Advantages:

 

  • No limitation for foreign investments 

  • Business legal framework in line with EU legislation 

  • Online tax system 

  • Tax benefits and incentives in investment strategic sectors 

  • 40+ Double Tax Treaties 

    Disadvantages:

 

  • In Albania it takes 37 weeks for Value Added Tax to be refunded 

  • Unfavorable jurisdiction for European countries 

 

The Republic of Albania is a country in Southeast Europe with access to th e Adriati,  the Ionian Sea  and the Mediterranean Sea.  

It is a country with developing economy that is based on service and manufacturing sectors. After the communist system collapsed in 1990, Albania went through a process of transition to a market-based economy. 

Albania is now a member of many international organizations, including the United Nations, World Bank,  UNESCO,  NATO,  WTO,  CO, OSCE  , and  OIC. It is an official candidate for membership in the European Union. It is one of the founding members of the Energy Community, including the Organization of the Black Sea Economic Cooperation and Union for the Mediterranean. 

The leading sectors of the economy are agriculture that employs 41% of the population, and the tertiary sector with 36% of the population provides services. However, the country has favorable taxation for trading and shipment sectors, as well as for software developers. 

Legal Information

Tax Information

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