Albania » Why Invest?

In the heart of the Mediterranean, with a beautiful coastline on the Adriatic Sea and Ionian Seas, the unspoiled picturesque country is fast becoming one of the world's most interesting getaways. Albania is sunny, stunningly beautiful and cheap with variety of attractive villages. It has sparkling blue and turquoise seas, snow peaked mountains, rivers, lakes, forests, historical sites, castles and natural beauty in abundance. Albanians are warm and welcoming people contrary to what most people believe.

 

Albania's is developing and fast changing its image and perception of people along with it. Albania was described by Lord Byron as a shore unknown, which all admire, but many dread to view. This perception no longer holds true as Albania is a happening place now that many people would want to go to.

 

Being a least developed country in Europe, Albania represents a lot of opportunities as it has a lot of potential to grow. Investment in Albania can be beneficial as the political and macroeconomic stability, developing economy, consistency in the low inflation rates provide the investors with a predictable environment for investment. The structural reforms, investment influx in Albania are bound to benefit the Albanian property market.

With rising tourism in coastal areas, rising commerce in Tirana, it is becoming a fast-growing European economy. It is expanding economically with focus on export growth. The free trade agreements with all regional countries and access in European and regional market makes Albania an attractive place from investment point of view. The added advantage for investing in Albania is the low rate of corporate income tax and low custom duties (2% -15%).Total labor costs are lower in Albania as compared to other countries and it has the lowest house prices in Europe. NATO membership approved in May 2008 and EU expected in 2014 also goes in Albania’s favour.

Albanian government is focusing on supporting foreign and local investors and working hard to tackle corruption in order to bring more investment to Albania. It has a low crime rate.