Albania is a tiny nation in Europe, yet its magnificent natural surroundings are full of wonder and beauty. Beautiful beaches surrounded by impressive mountain ranges and magnificent islands will make you feel the charm. Not to mention possessing a distinctive collection of tourist attractions and magnificently designed historical sites.
Investments have been accepted as sufficient justification for obtaining residency in Albania since 2021. Establishing a corporation is one way to gain residency via investment in it. Additionally, Albania is a fantastic choice if you're seeking a nation where you can get the most out of your investments in real estate.
You are eligible for residency through investment if,
While applying for residence in Albania through investment, you must provide;
In Albania, starting a business is not difficult. You merely need to stop by the notary's office for a single day. You will invest a little sum of money in Albania to launch a small business, including taxes, a notary, and legal counsel. It will give you the permit and legal residency in Albania to run a business.
Visa Processing Time
The resident visa can take longer than usual to process. The processing time is affected by the place you are applying from or the availability of documents. It can take a month or even more to process. So, you should keep it in mind and apply accordingly.
How to Apply
The following steps can be helpful while applying for residence through investment in Albania.
Duration
The residency permit allows you to live in Albania for a year. You may establish a new company or work on a pre-established business during this time.
Fees
The visa fee for residency through investment is 100 USD. This is only the visa processing fee and you are also required to pay extra for residence.
If you want to stay longer than a year, you may renew your visa or permit. The visa is renewed each year for the first 5 years after which you may apply for permanent residence. It may also lead to citizenship in Albania.
Business
The visa is abundantly used for business purposes.
Extension
You may renew your visa each year.
Residence
Apply for permanent residence after staying in the country for five years.