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Same
coastline as Croatia and Montenegro |
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No Purchase Tax |
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No Capital Gains Tax |
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High Capital Growth |
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EU Entry Scheduled for 2014 |
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Albania is
rapidly growing as a popular tourist destination. The
south-eastern European country with a unique Mediterranean
climate and hot dry summers is being enjoyed by a growing number of
tourists every year. |
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Albania
Albania shares the same stunning coastline as Croatia and
Montenegro.
However, Albania has a
warmer climate and prices are about a quarter of
those compared to it's better known neighbours. |
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EU & NATO
With hundreds of millions of euros
being invested in the country by the EU in preparation
for EU entry in 2014 and NATO entry in 2008, investment
into the capital city must be one of the safest and most
lucrative investments in the world today!
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Please click on an item below to jump to that information or
simply continue to scroll down the page to learn everything
about this wonderful country.
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Flights
Albania has a new
International Airport, located in the Capital, Tirana.
Flights are available to Tirana from most
major UK airports. Flights are
readily available from the U.K. With BA, Bmi,
Malev-Hungarian Airlines, Lufthansa, Alitalia offering regular
services from £150 return! |
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A new thermal
power plant is planned in the center of the country.
The government is also moving to
improve the national road and rail network, which
historically has been a long-standing barrier to
sustained economic growth. |
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Such projects are
already seeing fruition with completion of
prestigious projects such as the Tirana ring road.
EU funds are undoubtedly accelerating growth within
the country.
The country has experienced periods of strong growth between 2003-07 and
inflation is low and stable. |
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For the many decades under his
totalitarian domination, Hoxha created and destroyed
relationships with Yugoslavia, the Soviet Union, and China.
Towards the end of the Hoxha era, Albania was isolated,
first from the capitalist West (Western Europe, North
America and Australia) and later even from the communist
East. Enver Hoxha died in 1985.
By the end of 1990, in line with much of
the Eastern European countries, the regime accepted a
'multiparty' system . |
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The first general elections were held in
March 1992 and produced the countries first democratic
coalition. This consisted of the Democratic party, the
Social-Democrats and the Republican Party.
The Euro-Atlantic
integration of Albania has been the ultimate
goal of the post-communist governments.
Albania's EU membership bid, has been set as
a priority by the European Commission. In
2006 Albania signed a Stabilization and
Association Agreement with the EU, thus
completing the first major step towards
joining the the EU.
Albania, along with
Croatia and Macedonia, is expected to
receive an invitation to join NATO in 2008.
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Albania is currently undergoing a period
of redevelopment as it tries to develop a similarly thriving
tourist industry to those which can now be seen in other
Eastern European countries, such as Bulgaria, Romania and
Montenegro.
With a new focus on the economic growth
supported by aims of NATO and European entry, Albania has
emerged as a strong investment market for nationals and
internationals alike.
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Other economic benefits are:
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No Purchase Tax
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No Capital Gains Tax
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High Capital Growth
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Simple buying Process
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Around the historic city of Tirana, there is a wealth of
High quality restaurants and four - five star hotels all
offering an atmosphere of well-deserved grandeur and uncompromising
quality.
Albanians are excellent at
providing hospitality and no where is this more obvious
than in some of the finest restaurants to be found.
The local cuisine is famous for
the rich flavours and freshness of ingredients, where
possible are grown locally.
There truly is an
abundance of choice and it is hard to be disappointed in
quality or service. |
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The electricity supply is similar to
that of the majority of European countries. They
operate on 220 volts, at 50 cycles. This means that
travellers from the U.K. will require adaptors and in some
cases transformers for any mains operated equipment. |
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Shopping hours: Generally Mon-Sat 0800-1200 and 1500-1900
Office hours (including
Banks): Mon-Fri 0800-1600. All offices are closed
on Saturday and Sunday |
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Some
Albanian characteristics and mannerisms resemble those
of the mainland Greeks, most notably in the more rural
areas; for instance, a nod of the head means no’ and
shaking one’s head means ’yes’. Handshaking is the
accepted form of greeting.
Any attempt to speak
Albanian is greatly appreciated by locals.
Although previously
frowned upon by the authorities, tips are gratefully
received in restaurants or for any service provided.
The usual is to tip 10-15% if you are satisfied with the
service. Service charges are not usually included in
the bill.
Dress is generally
informal.
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Albania has a civil law system. The
government has has accepted jurisdiction of the
International Criminal Court for its citizens. |
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