Why Invest Now in the Albanian Tourism Sector?

Travel and tourism is a 1.24 billion dollar industry in Albania and is rapidly growing by 6.2% annually. It is expected to become a 2.1 billion dollar industry by 2028, an indicator of Albania’s Tourism Industry’s abundant opportunities and beneficial climate for business.

2017 Foreign direct investment (FDI) in Albania surpassed US $1 billion, and PM Edi Rama expects further growth in 2018.
Albania boasts a 1.4% annual increase in trained tourism personnel, making all future ventures more profitable and shorten time to profitability.
The government is actively working to support the development of tourist resorts, with a focus on-but not limited to-the southern coastline with emerging Hotel franchise opportunities. Albania is offering favourable terms to five-star hotel brands with tax breaks, including reduced profit and property taxes, among other tax breaks.(*)
The Government is adopting a unified investment law, aiming to streamline strategic investments by focusing on legal guarantees and offering a ‘fast track’ instrument to support investors kick off their investment.
Strategic investments can be private, public, or public–private investments in the tourism industry and all related industries such as: transport, telecommunications, infrastructure and technology.
The opportunities to develop marinas are ever-increasing while, with boat and small yachts services representing promising opportunities.

* Under the new incentive package, as of January 1, 2018, newly built 4* and 5* hotels will benefit from 10-year tax exemptions, neither will they be required to pay infrastructure taxes. VAT in the tourism sector will also drop, from the current level of 20% down to 6%