Your contact
Dominique Sigros
Head of International Desk Central and Eastern Europe
Dominique Sigros
Head of International Desk Central and Eastern Europe
Last updated: September 2023
The International Central and Eastern Europe Desk of the Crédit Agricole Group, based in Vienna, provides support to the Group’s business clients in Albania to help them implement their operations on location, particularly financial advice, opening accounts, financing residents and providing information on local businesses. It makes use of a local frontline partner bank with a significant network of offices in Albania.
For non-banking matters, the International Desk offers the support of local law, notary and accounting offices and its partners as well as expertise in business internationalisation.
General Information
There are numerous commercial and investment opportunities in Albania. Nevertheless, certain activities are still subject to obtaining a licence. It is therefore recommended that you ask for information from the Albanian Agency AIDA (Albanian Investment Development Agency).
The taxation system is highly attractive to both individuals and businesses (corporate rate of 15% and from 0% to 23% on income rate). Dividends, considered as revenue, are taxed as corporate tax and can be repatriated without restriction. Most regulations have been considerably relaxed.
Payment Methods & Banking Details
A bank transfer payment system - AIPS (Albanian Interbank Payment System) has been introduced for domestic payments. Nevertheless, many transactions are still made in cash. Cash payment by SWIFT transfer before shipment is highly recommended. Bank cheques or cheques issued by businesses should be avoided. They are not used in Albania apart from by foreign banks that issue cheques in currencies payable outside of Albania
Find out more
Find out more
Find out more
Find out more
