Albania
General Overview
- Currency: Albanian Lek (ALL)
- Languages: Daily and business communication in Albanian.
- Public Holidays: Total of 12 days national public holidays.
- Capital: Tirana
- Fiscal Year: Running from Jan 1 to Dec 31.
- Minimum Hourly Wage: Not established.
Tax Essentials
- Income Tax Range: From 0% to 23%.
- Other Taxes: VAT 20%, Corporate tax 15%.
Social Security Contributions
- Employer Charges: From Approx. 16.7 %.
- Employee Charges: From Approx. 11.2 %.
Employment Contracts & Conditions
- Contract Types: Permanent, Fixed-term.
- Trial Periods: Up to 3 months.
- Paid Holiday: 20 days annually.
- Salary Payment Frequencies: Monthly.
- Termination Notice: Varies; typically 1-3 months notice
Legal Benefits for Employees
- Medical Coverage: State (basic healthcare services).
- Common Non-Compulsory Benefits: Transportation, meal vouchers.
Hiring Non-Resident/Non-European Workers
- Visa & Work Permits Obligation: Yes, for non-residents.
- High-Skilled Worker Permits: Not specifically available.
- Visa & Work Permits Timelines: Up to 2 months.
The information provided on these countries serves as a general guideline and may
require verification and updates from legal sources or official websites.
Benchmark our services and solutions with others !