Largest TEDA in Albania

44 Pages·2015·2.67 MB·English

COUNTRY PROFILE
 Capital: Tirana

 Surface: 28,748 km²

 Coastline Length: 316 km

 Climate: mild (270-300 sunny days)

 Located in the center of crossroads of major
corridors in Europe
 Natural Resources: Petroleum, Gas, Bauxite,
Chromites, Copper, Iron, Nickel, Salt, Timber,
 Potential to produce significant amount of
hydro, solar and wind energy
 4 main sea ports: Durres, Vlora, Shengjin,
Saranda
WHY INVEST IN ALBANIA?
1
STRATEGIC LOCATION
2
FREE MARKET ACCESS
3
BUSINESS – FRIENDLY ENVIRONMENT
4
ONE STOP – SHOP MODEL
WHY INVEST IN ALBANIA?

5
STRATEGIC INVESTMENT OPPORTUNITIES
6
SUPPORTIVE FDI LEGAL FRAMEWORK
7
COMPETITIVE WORKFORCE
A GLOBAL RECOMMENDED TOURIST
8
DESTINATION
Extensive Free Trade Agreements

Free Trade advantage
• CEFTA is a market of 26 million customers
1
• 7 million is the size of the Albanian speaking market within CEFTA
CEFTA
• Can reach any major city in Europe within 3 days by truck
• Albania will be part of the EU’s market, the largest in the world, of 620 million
2
customers
EU
• Albania is a Member of WTO and applies WTO rules on import licensing
3
• Bringing down trade barriers
• Trade agreements with the US World
WORLDWIDE RANKINGS
COMPETITIVE HUMAN CAPITAL
• The minimum wage in
Albania is 22,000 ALL
(approx. 157 Euro).
- Average monthly payment
37,496 ALL (approx. 266
Euro) ;
• Social insurance is 27.9% of
the gross salary, with the
employer paying 16.7%
and the employee 11.2%
Source: Federation of European Employers, SIEPA, INSTAT
COMPETITIVE HUMAN CAPITAL

Dynamic Workforce
A

57% of the population is under the age of 35
B Language Skills
– English, Italian and Greek are widely spoken
– French and German included in the education system

C
Professional Training
Professional Trainings driven by market needs

Workforce availability
D
Approximately 116,000 students register annually in all the universities

Source: Albanian Investment Development Agency
Favorable FDI legal framework

No limitation and full openness

Full protection and equal treatment
• The implementation of the economic reforms
• Full protection of foreign investment
constitutes the main engagement of the
– Foreign investment may not be expropriated or
Government for the country’s social-economic nationalized directly or indirectly, except in special
cases, in the interest of the public us as defined by law
development, with the final goal of integration
– Foreign investors have the right to expatriate all funds
with the European Union
and contributions in kind of their investment

• Equal and unbiased treatment
– No prior government authorization is – In all cases and at all times investments will have an
equal and unbiased treatment, and will have complete
needed and no sector restrictions to foreign
protection
investments
– In any case foreign investment will have a treatment
– There is no limitation on the percentage equal to what common international practice allows
share of foreign participation in companies-
100% foreign ownership is possible
Favorable FDI legal framework

1
No restriction on capital movement
2
No restrictions on repatriation of profits
3
Simplified tax procedures
4
Competitive tax rate