- Albania is a competitive outsourcing country with a growing IT sector.
- It has educated, skilled, certified, and motivated IT professionals.
- Albania has a young cost-competitive workforce, with more than 57% of the population under the age of 35, and the monthly salaries of Albanian software developers have experienced steady growth.
- Proficiency in languages including English, Italian, and German.
- Excellent geostrategic location in South-Eastern Europe, providing easy connections to Europe and the Balkan region.
- Compliance with EU legislation.
- Albania shares a European culture and has business similarities.
- It’s a NATO member country since April 2009, ensuring stability and security.
- Albania has a completely open economy and highly liberalized foreign trade.
- Around 116,292 students enroll in universities annually, providing a pool of talent.
- Big corporations such as Ernst & Young, Vodafone, PWC, Shell, KMPG, Microsoft, Oracle, CISCO, Statkraft have a presence in Albania.
- The government focuses on the IT sector, with investments in e-government services, tax incentives for foreign investments, and support from many ICT organizations.
- Albania was the only economy in the region that did not go through a recession period.
- It was listed 4th on “52 Places to Go in 2014” by the New York Times, indicating its appeal.
- Recognized as a top destination in travel guides like “Frommer’s Travel Guide” and “Lonely Planet.”
- Albania has excellent transportation infrastructure and direct flights to most EU countries.
- It shares the GMT +1 hour time zone with Western Europe.
- Albania is a member of various international organizations including WTO, SAA, CEFTA, and EFTA.
- The country has shown strong positive economic growth in recent years.
- Albania ranks 68th out of 183 economies on “Ease of doing business” according to the World Bank.
- Its economic freedom score is 65.1, making it the 57th freest economy in the world according to the Index of Economic Freedom.
- Corporate tax rate is 15% and personal tax rates range from 0 to 23%.
- Albania has a VAT rate of 20% and a reduced 10% VAT on other services.
- Ports like Durres and Vlora are among the most important in the Balkans and entry points for the “Corridor 8.”
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