Albania: everything you need to know about tax residence for individuals and companies.

Natural person in Albania

Officially moving your residency in another country does not necessarily excuse you from paying taxes in your homeland, as some might think. This article will give you some useful directions on how to move your personal residency to Albania.

A natural person with European citizenship can obtain a registered residence in Albania without many difficulties, however, there are two important aspects to take into consideration:

  1. For a natural person, the tax residence and the registered residence may not necessarily coincide. In Italy, the income tax does not apply only to individuals with registered residence but also to those living in Italy for the majority of the year, which means they have a place to call home. And the latter cannot be moved by simply changing the official residence to another country.
  2. Italian citizens that move their tax residence in Albania are still required to pay taxes for their income received in the home country.

Professionals from Taxofia know this is a complex issue that requires professional guidance and are here to help you.

Companies in Albania

The situation with companies is not very different from the one explained above: a company incorporated in Albania is not necessarily Albanian, since numerous companies have their registered offices in Albania while having their tax residence in Europe.

Would you like to internationalize your business? Don’t hesitate to contact a professional that can help you find a perfect solution.

Usually, the companies that are incorporated in Albania have no issues with the above-mentioned point n.2, since their registered office is automatically located in Albania. On the other hand, however, there are unfortunately numerous cases where companies are formed in Albania in order for their owners to work in Europe.

Knowing the subject is crucial when facing important decisions in order to avoid mistakes that could transform what could be an enthusiastic experience into a source of serious problems for entrepreneurs and companies.

Call us for more information, +386 31 679 430

 

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