2014-04-23 07:44:39 - Singapore-based Healy Consultants offers its extensive expertise and reliable partnership to international business, looking to set up in Albania, now removing the burden of personal travel.
Singapore City, Singapore – The incorporation procedure in Albania ( www.healyconsultants.com/europe-incorporation/albania-company-re ..) is continuing to improve, as a result of favorable Government policies. There are no a minimum issued capital requirements for registering a limited liability company. Furthermore, new businesses must only appoint one director and one shareholder, who can be of any nationality. With the expert guidance of Healy Consultants ( www.healyconsultants.com/company-formation/), there is no need for personal travel during the eight weeks of the engagement.
-- About Albania’s tax system --
Albania imposes low tax burden on both resident and nonresident companies in comparison to other Central and Eastern European countries. Corporate income tax is levied at just 15%. Furthermore, companies with less than US$78,000 of annual turnover suffer a simplified
corporate tax of 7,5%. Standard VAT rate of 20% is applied to the supply of goods and services, while exports are fully VAT exempt. Withholding tax is 10% on dividend, interest and royalty payments. Consequently, Albania boasts 31 double taxation treaties, which lower the burden on resident companies. Personal taxation is progressive, with a maximum rate of 23% imposed on high net worth individuals.
-- About Albania’s new opportunities --
Albania offers convenient location for entrepreneurs interested in trade within the European markets, but also due to its connection to the Mediterranean Sea represents an unique opportunity for cheap trade with North-African countries. Furthermore, Albania is ranked 13th easiest country in the World to obtain credit, according to the World Bank for 2014. This in combination with the already low operating costs and improving national infrastructure, further enhances the ease of doing business.
The Albanian government is stable and consistently improves the economic climate. Investors can feel safe, as their assets are firmly protected by state law, which is surprising for a country being severely affected by the war in neighboring Kosovo, only 15 years ago. International business is well received, with no restrictions on profit repatriation and foreign ownership.
Healy Consultants insists international business to take a closer look at this rising economy (which is the only one in the region that did not go through a recession period) and the benefits from doing business there. We believe, that as the country offers cheaper operating options than Italy and more favorable economic outlook than Greece, is a valid jurisdiction to do business in the Mediterranean region.
-- About Healy Consultants --
Healy Consultants provide a full range of professional services, which include the following:
• Offshore financial services
• Accounting and taxation
• Corporate finance
• Business start up services
• Corporate banking
• Global marketing services
• Company formation
• International trading strategies
Healy Consultants are professionals who offer quality services, which perfectly match the needs of our highly sophisticated clients. We are also proud of the fact that our services are affordable and accessible by our most modest customers.
Our clients have access to an excellent range of quality products and services. We come with rich experience and a global presence, resulting in unique market awareness beneficial to your firm in more ways than one.
For further information:
Mr. Aidan Healy, Business Owner, Healy Consultants
15th Floor, Valley Point,
491B River Valley Road,
Tel: (+65) 6735 0120
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