Albanian Company Registration – it offers many opportunities for cost saving
By an Albanian company registration you can take advantage of the favorable tax system. The country boasts one of the lowest corporate tax rates in EU. The simplicity of the tax system makes calculations very easy further decreasing your administrative costs. All that combined with lower labor costs mounts up to significant cost savings. So the Company Formation in Albania may be the right solution for your business in European Union.
Tax legislation in Albania is managed by the General Tax Department and is subject of frequent improvements and amendments due to the EU integration process and modernization
of the Albanian public administration. More detailed information on tax legislation in Albania can be found in the web page of the General Tax Department: www.tatime.gov.al.
The Fiscal Package of 2020 brought significant changes in the tax policies, mainly in tax procedures, followed by VAT,Income Tax and finally are the changes to National Taxes.
To Open Company in Albania is not difficult. On the other hand, as result of the conservative character of the Albanian Incorporation Law, the ownership of the shareholders is highly protected. The transfer of the shares and the change of the personal members in the company is subject of notarial certification.