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Albanian Lek (ALL)





UTC + 01:00

Albania is a developing country which has transitioned from a centralized economy to a modern open-market economy. Key sectors that are driving Albania’s economy are service, agriculture and industrial sectors. Albania still experiences spillover effects of possible debt crises and weak growth in the euro zone due to close trade, remittance, and banking sector ties with Greece and Italy. Nonetheless, foreign direct investment has increased significantly in recent years as the Albanian government embarked on ambitious programmes to improve the business climate through fiscal and legislative reforms.

How to build a team in Albania

Employers need to follow the strict employment guidelines set forth by the local authorities before they could employ in Albania. This process can be time-consuming as the company first needs a legal entity in the country and it needs to manage payroll, tax, benefits and compliance.

Global payroll solutions make it easy to find and hire top talent in Albania. With one seamless integration and local legal entity, we take care of the compliance matters so that you can start your globelizing plan immediately.

Compliance risk

Risk of misclassification

Albania’s worker classification labour and tax laws distinguish between contractors and full timers. If the individual meets the legal definition of an employee but is classified as a contractor, your company will face penalties.

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