Sunday 28 October on Rai3 a new episode of East West . Italian companies that have settled in Albania were also discussed. To attract new companies, the Land of Eagles has lowered taxation on businesses.
The number of Italian companies that settle in Albania is increasing. To attract new companies, the Land of Eagles has lowered taxation and labor costs.
The role of Italian companies in Albania has become decisive and it is Puglia that reinforces this presence in the Land of Eagles. Suffice it to consider that in the first seven months of the 2018, the Albania-Italy trade interchange has reached a total value of 1567 billion, with an increase of 3% compared to the same period in the same year.
Textiles and footwear, the productive sectors that have the greatest impact on this growth. But the tourism sector is emerging with ever greater force, with the birth of small or large hotel groups, and the energy and chemical sector.
In short, Italy stands as the first commercial partner for the number of companies active in the area. For this reason, the Albanian government has decided to offer further investment opportunities to Italian companies by presenting in Bari - through the operational arm of Confindustria - a package of reductions in terms of reduction of labor costs and taxation.
To maintain the VAT rate at 20%, we add a reduced rate of 6% for those who bet on the farm and a further reduction of 6% for those who present hotel or resort projects. Then the profit tax reduction, from 15% to 5%, while profits tax for investors in the field of computer software development falls to 6%.
Opportunities defined as interesting by the entrepreneurs confronted with the Albanian delegation arrived in Bari.
East West: Italian companies that settle in Albania
Other reports from East West
- Albania likes more and more , 22 Maggio 2018
- Starting over from Albania , April 10 2018
- Albania focuses on tourism , April 8 2018
- Rai 2, Night Tabloid: the Italian entrepreneurs who choose Albania , October 23 2018
- Italian companies looking for business in Albania , 20 February 2018