C.C.I.A.I

Welcome to the Chamber of Commerce and Industry Albania-India (CCIAI) website!

WHY ALBANIA

Why Albania is the right choice for you

Albania is a Parliamentary Republic

In addition to the national currency Lek, the use of Euro and Dollars is widespread
The national language is Albanian. Foreign languages such as English and Italian are widely spoken.

Situated in Southeastern Europe, nestled in the heart of the Balkans, Albania occupies a strategic geographical position bridging Eastern and Western Europe, making it a cultural crossroads enriched by centuries of diverse influences. This picturesque country is renowned for its breathtaking natural landscapes, from the pristine beaches along the Adriatic and Ionian coasts to the rugged mountains of the Albanian Alps and the serene beauty of its inland lakes and rivers.

Beyond its natural splendor, Albania boasts a warm and welcoming hospitality ingrained in its vibrant culture, where guests are treated like family and hospitality is a way of life. The nation’s rich history is evident in its ancient ruins, medieval castles, and Ottoman-era architecture, offering a captivating journey through time for visitors.

Albania’s abundant natural resources, including fertile agricultural land, mineral deposits, and untapped renewable energy potential, present compelling opportunities for sustainable investment and economic growth. Supported by a positive business climate marked by ongoing reforms to enhance transparency and investor protection, Albania is increasingly attracting foreign investments across various sectors.

Moreover, Albania’s commitment to safety and security is evident in its stable political landscape and comparatively low crime rates, ensuring a safe and secure environment.

1.Strategic Location

Situated in Southeast Europe, Albania serves as a bridge between Europe and the Balkans, making it an attractive location for trade and investment.

Albania is at the crossroads between the European Union and the East.

Albania is a part of many corridors that go through possible routes of goods that link India and not only with the European Union.

2. Access to Markets

Albania is a bridge between northern and southern Europe with a growing network of transport links such as ports, roads and airports.

  • Albania has signed several free trade agreements (FTA) with key markets (European Union, Turkey, CEFTA, EFTA countries), offering customs free access to a large consumers market.
  • Countries where Albanian preferential origin goods can be exported under preferential tariff treatment according to GSP are: Australia, Belarus, Japan, Kazakhstan, New Zealand, USA and the Russian Federation.

3. Political Stability

Albania has made significant strides in political stability and democratic governance, providing a conducive environment for long-term investment.

4. Investment Incentives

The Albanian government offers various incentives to attract foreign investment, including tax breaks, subsidies, and streamlined bureaucratic procedures.

The legislation in force for Foreign Investments is based on the principles of equal treatment, non-discrimination and protection of the foreign investments.

5.Economic Growth Potential

Albania has shown consistent economic growth in recent years, offering investors opportunities for high returns on investment.

6.Safety and Security

Albania prioritizes safety and security, evidenced by its dedicated law enforcement agencies actively safeguarding the well-being of both residents and visitors. Coupled with a stable political environment and notably low crime rates compared to its European counterparts, Albania provides a reassuring environment for individuals and businesses alike.

7.Abundant Natural Resources

Albania possesses abundant natural resources, including mineralsenergy resources, hydrocarbons and agricultural land, offering investment opportunities in various sectors.

8.Tourism Potential

With its picturesque landscapes, cultural heritage sites, and beautiful coastline along the Adriatic and Ionian Seas, Albania has significant potential for tourism investment in several in several sub-sectors such as coastal and maritime tourism, nature tourism and thematic tourism.

9.Pro-Business Environment

The Albanian government is committed to creating a pro-business environment by implementing business-friendly policies and regulatory reforms.

10. Low Corporate Tax Rates

Albania offers competitive corporate tax rates, making it an attractive destination for businesses looking to optimize their tax liabilities.

The Albanian Corporate Income Tax (CIT) rate is a flat rate of 15%, which is applicable to both resident and non-resident companies, irrespective of the turnover. Some commercial activities make an exception, for which this tax is 0 up to a certain turnover.

11.EU Accession Prospects

Albania’s ongoing efforts to join the European Union could unlock further investment opportunities and enhance economic integration with the EU market.

12. Growing Domestic Market

Albania offers investors a growing domestic market for various goods and services, considering Albanians and foreigners living in Albania, as well as the many tourists who visit the country throughout the year.

13. Young and Skilled Workforce

Albania boasts a young and educated workforce, offering investors access to a pool of skilled labor at competitive costs.

14. Great religious harmony

In Albania, there is very good religious harmony and there is no conflict due to beliefs or religious traditions. Believers of different religions respect each other, respect religious traditions and congratulate each other on religious holidays.

15. Cultural Heritage

Albania’s rich cultural heritage and diverse population offer unique opportunities for investors in sectors such as hospitality, food, and entertainment.

1.Strategic Location

Situated in Southeast Europe, Albania serves as a bridge between Europe and the Balkans, making it an attractive location for trade and investment.

Albania is at the crossroads between the European Union and the East.

Albania is a part of many corridors that go through possible routes of goods that link India and not only with the European Union.

2. Access to Markets

Albania is a bridge between northern and southern Europe with a growing network of transport links such as ports, roads and airports.

  • Albania has signed several free trade agreements (FTA) with key markets (European Union, Turkey, CEFTA, EFTA countries), offering customs free access to a large consumers market.
  • Countries where Albanian preferential origin goods can be exported under preferential tariff treatment according to GSP are: Australia, Belarus, Japan, Kazakhstan, New Zealand, USA and the Russian Federation.

3. Political Stability

Albania has made significant strides in political stability and democratic governance, providing a conducive environment for long-term investment.

4. Investment Incentives

The Albanian government offers various incentives to attract foreign investment, including tax breaks, subsidies, and streamlined bureaucratic procedures.

The legislation in force for Foreign Investments is based on the principles of equal treatment, non-discrimination and protection of the foreign investments.

5.Economic Growth Potential

Albania has shown consistent economic growth in recent years, offering investors opportunities for high returns on investment.

6.Safety and Security

Albania prioritizes safety and security, evidenced by its dedicated law enforcement agencies actively safeguarding the well-being of both residents and visitors. Coupled with a stable political environment and notably low crime rates compared to its European counterparts, Albania provides a reassuring environment for individuals and businesses alike.

7.Abundant Natural Resources

Albania possesses abundant natural resources, including mineralsenergy resources, hydrocarbons and agricultural land, offering investment opportunities in various sectors.

8.Tourism Potential

With its picturesque landscapes, cultural heritage sites, and beautiful coastline along the Adriatic and Ionian Seas, Albania has significant potential for tourism investment in several in several sub-sectors such as coastal and maritime tourism, nature tourism and thematic tourism.

9.Pro-Business Environment

The Albanian government is committed to creating a pro-business environment by implementing business-friendly policies and regulatory reforms.

10. Low Corporate Tax Rates

Albania offers competitive corporate tax rates, making it an attractive destination for businesses looking to optimize their tax liabilities.

The Albanian Corporate Income Tax (CIT) rate is a flat rate of 15%, which is applicable to both resident and non-resident companies, irrespective of the turnover. Some commercial activities make an exception, for which this tax is 0 up to a certain turnover.

11.EU Accession Prospects

Albania’s ongoing efforts to join the European Union could unlock further investment opportunities and enhance economic integration with the EU market.

12. Growing Domestic Market

Albania offers investors a growing domestic market for various goods and services, considering Albanians and foreigners living in Albania, as well as the many tourists who visit the country throughout the year.

13. Young and Skilled Workforce

Albania boasts a young and educated workforce, offering investors access to a pool of skilled labor at competitive costs.

14. Entrepreneurial Spirit

Albania has a strong entrepreneurial spirit, with a growing number of startups and small businesses driving innovation and economic growth.

15. Cultural Heritage

Albania’s rich cultural heritage and diverse population offer unique opportunities for investors in sectors such as hospitality, food, and entertainment.