By highlighting the backing initiatives for foreign investors, fully reflected in the Albanian legislative, the Prime Minister Edi Rama called Italian investors to avoit bureaucratic barriers and to start investing in Albania. In a two day official visit to Veneto region, the Albanian PM met with 200 Italian entrepreneurs and visited important companies of the region.
During his visits, Rama praised the investments made so far by Italian companies in Albania, and presented to businessmen the numerous opportunities Albania offers to foreign investors. “We have established a backing structure for entrepreneurships and businessmen who choose Albania as their destination to invest in, in order to avoid the bureaucracies. Based on the legal framework we have approved, foreign investors may rent lands and governmental buildings for only 1 eur per year, for a period of 20 to 40 years” declared PM Rama.
PM Edi Rama talking to Italian businessmen
This initiative estimated by PM Edi Rama as a very efficient measure in a short time, since according to him, “this measure has given an instant result in this sector, since exports increased by 30% in the first year of the implementation of it”. Another efficient measure praised by Rama was the subvention of VAT to businesses. According to him, the subvention of VAT has often been a problem for businesses but now the subvention process is transparent and meet deadlines.
The establishment of a new business in our country will always have the support of the Albanian government, stated Rama during a two hour meeting with Italian entrepreurs. “Opening a business in the manufacturing sector is easy as we do not require the social contributions during the first year of its activity. The social contributions are paid by the government since we estimate the first year of a business as a very important period for a positive performance of a business in the future. Another policy we have compiled relates to the taxation. All taxes that new businesses of the manufacturing sector pay will be returned to them in a funding form for innovative and investing projects these companies present. Our taxation system turns Albania into the most adecuate country for FDI-s”, declared PM Rama during the meeting.
While visiting many important companies, among them “Fincantieri” company, the biggest company in Europe for the construction of ships, the representatives of it expressed their interest to visit Albania and open a construction site.
News source: ATA
Photo credits: Shqiptarja.com
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