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WHY BUILD A COMPANY IN ALBANIA?

Albania has very deep links with Italy thanks to its enormous proximity. This means that communications are very cheap and simplified. Many Albanians have studied in Italy and many Italians have studied at the medical university of Tirana.
Airplanes are frequent and cheap (even under 100 euros) and if you live in the south you can also reach Albania by ferry, which means bringing a car to move with greater agility in the country.
Even if you are not yet a member of the European Union, you can enter the country with a simple identity card and you can stay there for 3 months without a visa.
All these conditions make Albania very attractive for an Italian. There are not many countries that offer these advantages.
But probably the most interesting reason for investing in Albania and setting up a business is that the cost of wages and commodities is extremely low compared to almost all European countries (including the Eastern countries). Tirana is one of the cheapest capitals in Europe, surpassed only by Chisinau in Moldova. The competitive advantage offered by such low costs, such close proximity to Italy and reduced taxation are enormous if taken as a whole.

WHY YOU AGREE TO CONSTITUTE A COMPANY OR INVEST IN ALBANIA.

Albania is a small country located next to Italy on the other side of the Adriatic. Today many Italians move to Albania for mainly tax reasons because it is a new land with low taxation.
In addition to being an extremely convenient place from a fiscal point of view, to open a company, it is also an excellent place to make investments as the GDP grows every year very quickly.
The Albanian population is still more occupied in agriculture, but the country grows by 2.8% a year. A strange notion for Italy that is used to the average (0.1%). This makes Albania a great place to go to do business. Especially since probably soon Albania will become part of the European Union.
Albania is only the headquarters of your company and you do not have many Albanian suppliers, you probably should not worry about the judicial system, the chances of having a dispute in the court are very low.

TAXES IN ALBANIA

Business income tax is scaled according to turnover from 5% – 15%, quite low for the European average. In fact, the Balkans and in particular Albania offer excellent tax conditions both to businesses and individuals.
Capital gains are very low, around 15% and investment losses can be deducted from taxes. Dividends are also 15% for all resident and non-resident individuals and for resident and non-resident legal entities.
It can therefore be said that there is a kind of flat tax of 15% (in reality the tax on business income is 5% for small entities under 64,000 euros of turnover so it is not a flat tax proper).
VAT instead is perfectly aligned with the European average as it is 20%. Obviously also in this case it is lower than the Italian average.
Altogether we can say that the Albanian tax pressure is very low.

Privacy Overview

Privacy Policy for Legus Law & Tax

Legus Law & Tax pays special attention in protecting your privacy by informing its clients about the type of data collectedon him, how they are processed, saved, protected, or distributed, and all relating claims during this process.

Legal framework in collecting and processing data
Legus Law & Tax will collect and process data in accordance tothe legal framework in power, as mentioned in the Albanian Constitution and enforced by the Law (Article 35in particular,Nr. 9887 dd. 10.03.2008) on “Personal Data Protection” and other complementary regulations.
Legus Law & Tax has also considered the European Union’s Personal Data Protection Regulation No. 2016/679.
According to this regulatory framework and in accordance to commercially accepted standards, the collection and processing of Legus Law & Tax data is legitimate if: a) the clienthas consented to the collection and the processing of personal data for one or more purposes; b) it’s made for the connection of a contract in which the client will be part of; c) is carried out in pursuance of legal obligations; d) is carried out for the protection of the individuals’ vital interests ; e) is performed for the fulfillment of duties in the public interest or in the implementation of official duties in the role of the controller; f) is carried out for the implementation of the legitimate rights of the controller or a third party, aside from the cases when they conflict with the fundamental rights.

The type of data that is collected
Legus Law & Tax collects and processes your personal information (eg, ID, telephone, address, e-mail, etc.) when you use this site to apply and personally register this information in a form,either to have knowledge of or benefit from the products / services provided by our institution.
Legus Law & Tax collects and processes data related to the use of our site (eg interest on certain issues while navigating our site) via the IP address of the computer or mobile you have accessed, or using “cookies” and similar tracking tools of automatic collection. “IP” (Internet Protocol) is a number that your computer browser has when you access the Internet, it is automatically provided by the internet server. IP does not really constitute identifiable information because different people can access the same computer via the Internet. “Cookies” are small files that are placed on your browser when you visit Legus Law & Tax site, which allow you to recognize your browser and collect and store information about the services you have used or issues that you have shown interest. Other technological tracking tools that collect information on the services you use as cellular identifiers web beacons etc. They are small graphic files placed on the website or emails, mainly used to monitor activity and provide information to the central server ( which may belong to a hosting site, advertising network, or another third party).

Purpose of collecting and processing data
Collection and processing of data is done in order to: a) personalize and promote you the products / services or issues for which you have shown or may show interest; b) to conclude a valid application and / or contract to benefit from one of our products / services; c) get in touch with you upon your request; d) to identify and report legally cases of fraud or of similar cases e) identify matters and issues related to products / services, or dealing with raised complaints, f) conduct analysis, statistics, research, questionnaires g) for other reasons as per your notice.

Distribution and dissemination of the data
Legus Law & Tax may only distribute your data in accordance to the Privacy Policy, unless the changes to this policy are made under the section below relating to Privacy Policy Changes and / or when they are made in accordance with the legal framework in force and / or for the purpose of improving the process of data collection and processing.
The dissemination of your data by Legus Law & Tax to the official authorities or third parties may occur in the following cases: a) the fulfillment of legal obligations; b) when the publication is made for the protection of our legitimate rights, or the protection of your security or other persons ,to investigate and avoid fraud or other misunderstandings; c) in special cases as a response to threats or risks to a person, property or the protection of fundamental rights.
Legus Law & Tax collaborates with third parties and contractors that assist in providing product and service management, or assisting in operational activity on the web site, technological actions, data analysis, research, statistics, performing e-mail support, advertising and promotion. Through the respective contracts, Legus Law & Tax and these parties have agree to use or advertise your data for purposes other than those required for the execution of the contract concluded between the parties.
Our site may have links to other sites that implement their own Privacy Policy. Legus Law & Tax does not disseminate your data to these pages, but you should keep reviewing their Privacy Policy. Legus Law & Tax does not guarantee how these pages collect and process your data.

Security and deadline for data retention
For personal data security, our institution has set up and implemented certified tools and technology systems that provide encryption and data confidentiality, which undergo continuous testing for security and effectiveness, enable real-time restoration of data access in case of a technical or physical incident and it is accessible only by authorized persons. Nevertheless, you should consider the risks that may come as a result of external cyber attacks that lie outside the will and the ability of Legus Law & Tax.
Your data will be stored for as long as necessary for: a) the fulfillment of the purpose and nature for which they are collected, b) the fulfillment of the contractual relationship, c) the fulfillment of other legal obligations, d) the resolution of conflicts or litigation, e) the compliance of fundamental rights, f) the protection of public interest, g) archiving for public, scientific or historical purposes.

Rights and options
You have the right to access information on the data that has been collected and processed for you, to request correction, update, prohibit of further processing and / or delete these data at any time. However, deletion of data can not be exercised if there is any of the causes cited in the section above “Security and Data Retention”. Likewise, you should bear in mind that in the technical and technological aspect it is impossible to delete any registration stored on our server.
The above mentioned rights can be exercised by submitting a formal application to Legus Law & Tax at the address given on this site or by submitting this request to [email protected] or by calling +355 69 6238219. Upon receipt of your request, the respective units of Legus Law & Tax will evaluate the application and will notify you of the actions taken.
You are able to choose the withdrawal from receiving communications, emails, Legus Law & Tax products / services, or other advertising notices by opting out of the link or by deleting the choice of arrival options notices, publishers etc.

Protecting children’s privacy
Legus Law & Tax does not intend to collect and process child data and information and engages in the protection of their privacy.
You can contact Legus Law & Tax on any issue relating to your privacy and data. For any question, ambiguities, requests, complaints regarding your data collection and processing you can contact Legus Law & Tax at the address below :

Central Office of Legus Law & Tax with address: Rr Sami Frashëri, Qendra Metropol, Tirana, Albania;
E-mail address: [email protected]
Tel/Cell: +355 69 6238219

Change the privacy policy
Legus Law & Tax reserves the right to change at any time this Privacy Policy and the products / services provided, which will become effective on the date of their publication on this site, or by e-mail or by any means of communication possible . Use of this site, even after changes to the Privacy Policy, is considered approved by you. We encourage the periodic revision of the Privacy Policy to update you with the latest changes and practices. If you do not accept the terms of this Policy, you can not process further on this site.