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According to Albanian law in force, foreigners can not buy land in the Republic of Albania. From this point of view the rights on the grounds that foreigners can exert himself in Albania are limited. This limitation does not exist in practice for the purchase of apartments although there are different legal views.

In any case, the solution to this problem is the establishment of Albanian society of law. The Albanian law on company recognizes the right to establish companies with foreign capital 100 % but the company is considered Albanian, so that it can take advantage of all rights. The law makes no difference between forms of company as a limited liability company, limited liability company, etc., excluding individuals.

As regards the guarantees of property, foreigners have the same legal rights and obligations as all Albanian citizens. Foreigners may apply to the court and other state, and other authorities use all legal means available to them in case of violation of their rights or personal assets.

With respect to taxes to be paid this depends on the form that you choose for your business. If exert activity as a person or as a nature society. In any case the levy for the passage of property depends on the price of the contract until 1.1.2008 from this year from the tax is 10% of the gain realized.

 

 



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