Albania has a population of more than 2.9 million people with oil, gas, mining and textiles key industries for the economy. For companies looking to expand, there are many types of companies that can be formed with varying tax rates based on annual revenue.

Labor and Payroll Considerations:

  • Employment contracts should be written, and oral contracts must be written within 30 days
  • Minimum wage is 26,000 lek per month
  • Employers must register new employees with the local tax authorities
  • Income tax and social security contributions must be withheld from employee pay
  • Employers must also contribute to social security
  • Foreign workers need a work permit and residence permit

Getting started in Albania can be challenging, but with cloud-based payroll technology and aggregated reporting, Blue Marble makes it easy. Our platform gives you access to your payroll across all countries and currencies in real-time. Talk to us today about simplifying your global operations and payroll in Albania. Click here to learn more