Real Estate residency, obtaining a Residence Permit by purchasing a property in Albania Law No. 79/2021 “On foreigners” and VKM no. 858, dated 29.12.2021 “On the determination of the criteria, procedures and documentation for the entry, stay and treatment of foreigners in the Republic of Albania” has given foreign citizens the opportunity to obtain a…
Recognition of diplomas in the Western Balkan The participants of the Western Balkans Albania, the Republic of North Macedonia and Serbia, as contracting parties between them, have concluded an agreement in Oher, on June 8, 2022, to promote productive cooperation for the recognition of diplomas and scientific titles within the region, always based on equality…
The friendly percentage of profit tax for IT companies invites foreign investors to Albania. Albania offers a fairly friendly legal framework for foreign investments, the main reason for the increase in the number of foreign investors, mainly in the IT field. One of the facilities that was applied since 2018 with the Decision of the…
According to Decision no. 604, dated 14.9.2022, the minimum wage from ALL 32,000 currently becomes ALL 34,000. This salary is valid for 174 working hours per month. Since the minimum wage was increased, the maximum wage will also change due to the effect of social contributions. Now, the maximum wage will have the same increase…
Albanian government increased the minimum salary. Starting from April 2022, the basic minimum monthly salary at the national level for employees, mandatory to be applied by any legal or natural person, local or foreign, is 32,000 ALL. The gross monthly salary, for the purpose of calculating the social security contributions, for the employed persons, for…
American citizens have the right to enter and stay without a residence permit in the Republic of Albania for a period of up to one year. These citizens can re-enter and stay without a residence permit in the Republic of Albania for a new term of up to one year, if they have stayed outside…
Beneficial owner, are deadlines an penalties changed. On March 1, the law No. 6/2022 “On some changes and additions to the law no. 112/2020 “On the Register of Beneficial Owners” which has brought some very important changes regarding the registration of beneficial owners, deadlines and penalties. Novelty If previously the deadline for the registration of…
The national electronic register on foreigners is now approved by the Albanian Government. Pursuant to law no. 79/2021 “On foreigners” The state authorities responsible for the treatment of foreigners have the right to collect and administer data on foreigners in order to make them available to the judiciary, national security authorities, refugee authorities and regional…
Easier procedures to obtain a residence permit?! Recently, law no. 79/2021 “On foreigners” is approved. Consequently, law no. 108/2013, in other words the old law, has been repealed. The new law, in theory, has brought a series of innovations that consist mainly in changing the format of the residence permit and also some conditions of…
Recently, the law that has changed is the one on Industrial Property, now makng part of it even the trade secret. Approval of law no. 96 date 07.07.2021 brought some innovations in order to strengthen the protection of industrial property objects. Below we inform you of the innovations that the update of this law has…