Albania

A tax identification number is required when purchasing property, conducting business, or dealing with tax matters.

To obtain a tax identification number, you need to visit the tax office (Drejtoria e Tatimeve) with your passport and a completed application form.

To open a bank account, you need a passport, tax identification number, and documents verifying the source of your income.

Yes, an Albanian bank may require proof of the origin of your funds in compliance with anti-money laundering regulations.

You can check the land registry at the local property registration office (Hipoteka) by submitting a request and providing identification documents.

The property purchase tax in Albania is typically 2–4% of the property’s value, depending on its type and location.

The finish of developer properties in Albania depends on the investor, but they are often sold in a raw or partially finished state without furniture or kitchen equipment.

The process involves providing your passport, tax identification number, income verification documents, and property appraisal. Banks may also require additional guarantees.

Real estate agent commissions are usually 2–5% of the property’s value, depending on the agreement and transaction size.

You need to register a business with the appropriate authority, obtain a tourism license, and register the apartment with the local municipality.

The annual property tax is usually around 0.05–0.2% of the property’s value, depending on its location and use.

The reservation process requires a deposit payment (usually 5–10% of the property’s value) and signing a reservation agreement with the developer.

You will need a passport, tax identification number, income certificate, property documents, and possibly additional guarantees.

If the client fails to meet the contract terms, the deposit may be forfeited, depending on the agreement with the developer.

Yes, there is such a risk. It’s essential to thoroughly check the developer’s reputation and contract terms before signing.

Buyers typically have 30–60 days to settle all fees, but the exact timeframe depends on the contract.

Monthly fees include maintenance costs (administration, security, cleaning) and usually range from €20 to €100, depending on the property’s standard.

Developers often offer installment plans, such as 30% at contract signing and the remainder in phases during construction or upon completion. Terms are agreed upon individually.

This depends on the agreement. In most cases, funds are transferred directly to the developer, but sometimes they may be held in an escrow account.

The commission is paid after the transaction is finalized, usually within a few days of signing the notarial deed and the client settling the payment.

The agent’s commission typically ranges from 2–5% of the property’s value but may vary depending on the location, type of property, and terms of the agreement.

Yes, commission can be negotiated if there are multiple clients or if several properties are being purchased.

Yes, the agent typically receives a commission for the property the client ultimately decides to buy, even if it wasn’t the one indicated in the form.

If the developer fails to meet the agreement terms, the client can seek legal recourse. It is also advisable to include clauses in the contract that protect the buyer’s interests.

Property prices in offers are usually net, with additional costs such as taxes and notary fees added separately.

The income tax rate on property rental in Albania is approximately 15% of the gross rental income.

Fixed costs include property tax, administrative fees (€20–€100 per month), and possible maintenance costs for shared infrastructure.

Capital gains tax in Albania is 15% of the net profit from the sale of the property.

Typically, no. Albanian law requires a new mortgage to be established under local regulations.

Property management fees are usually 10–20% of rental income, plus potential additional charges for services such as cleaning or maintenance.

Yes, foreigners can invest in commercial properties, but additional permits may be required depending on the type of business.

Yes, you can gift or sell a property, but taxes such as capital gains or gift taxes may appl

Changing the use of a property requires approval from local authorities and compliance with applicable regulations.

Capital gains tax in Albania is 15% of the net profit, but there are exemptions, such as if the property was used as a primary residence for a specified period.

Foreigners can inherit property in Albania, but inheritance proceedings must be conducted in accordance with local laws.

Selling a property requires the consent of all co-owners. In case of disagreement, legal action can be taken to resolve the matter.

Yes, developers are required to provide a warranty on new properties, usually for a period of 1–3 years, depending on the contract.

No, interior remodeling is allowed as long as it does not affect the building’s structure or violate local building regulations.

Property insurance is not mandatory, but it is recommended to obtain a policy covering damages from natural disasters or accidents

Yes, but it requires the approval of the Albanian land registry and compliance with local legal regulations.

Transferring property ownership to a family member may be tax-exempt if it is done as a gift and complies with specific legal conditions.

Income from tourist rentals is taxed at a rate of 15%. Landlords must register their business and regularly submit tax declarations.

No, there are no restrictions on the number of properties a foreigner can purchase in Albania, except for agricultural land.

There are no legal restrictions on the deposit amount, but it is typically 5–10% of the property value, as agreed upon by the parties.

Yes, you can open a bank account in Albania as a foreigner. Required documents include a passport, tax identification number, and, in some cases, proof of income. A residence permit or registration is generally not required.

Yes, in Albania, spousal consent may be required for property purchases if local law mandates it.

Yes, payment via Revolut is possible if the seller accepts this payment method.

Tax benefits may apply for first-time property purchases by Albanian citizens or in specific cases involving investments.

Typically, the required down payment is 20–30% of the property value, but specifics depend on the bank’s terms.

The total costs, including taxes, notary fees, and commissions, are approximately 5–7% of the property’s value.

It’s recommended to use a trusted real estate agent, verify property ownership in the land registry, and sign the contract through a proxy with notarized authorization.

Payments can be made via bank transfer, cash, or international payment systems if accepted.

You can transfer money via bank transfer to the developer’s account or use international payment platforms if available.

The purchase process usually takes several weeks to a few months, depending on the construction stage and required formalities.

The power of attorney must be notarized, translated into Albanian, and authenticated with an apostille.

Yes, some developers accept cryptocurrency, but it depends on individual agreements. It’s best to confirm this before initiating the transaction.

No, residency is not required to buy property in Albania.

Deposit refunds depend on the terms of the agreement. In most cases, the deposit is forfeited if the client withdraws without valid justification.

Yes, but it’s crucial to thoroughly check the developer’s credibility and review the contract terms.

Lawyer fees typically range from 1–2% of the property value, but they may vary depending on the services provided.

Yes, you can buy property with cash, but high-value transactions may require additional anti-money laundering formalities.

No, purchasing property does not automatically change your tax residency to Albania.

Yes, it is possible to buy property under a legal entity registered in Albania or another country.

Foreigners can purchase property in Albania without significant restrictions, except for agricultural land and some strategic areas.

You can rent out the property immediately, but you must register the rental activity and pay the applicable taxes.

No, buying property in Albania does not automatically grant citizenship, although it may facilitate obtaining residency.

Yes, if the company meets the VAT refund criteria and is registered in Albania’s tax system.

Yes, purchasing property can be a basis for temporary residency, though it does not guarantee automatic citizenship.

Yes, a transaction can be completed by a proxy if they have a notarized power of attorney translated into Albanian and authenticated with an apostille.

Yes, the presence of both spouses is required, as the property purchase pertains to joint assets.

You can move in immediately after completing all formalities and obtaining the ownership deed, provided the property is fully finished.

The decision time depends on individual agreements with the owner or developer, typically ranging from a few days to a week.

The process includes:

1. Reserving the property and paying a deposit.
2. Checking the land registry.
3. Signing the purchase agreement with a notary.
4. Paying the remaining amount.
5. Registering the ownership in the Land Registry.

Yes, in most cases, you can hire a translator or use the services of a notary who provides translation during the transaction.

Yes, you can hire a lawyer to help verify documents, negotiate terms, and finalize the property purchase.

No, the purchase can be completed remotely if you have the appropriate power of attorney and use a trusted lawyer’s services.

Yes, the platform’s partner can assist with formalities related to connecting utilities.

Yes, this service is available for an additional fee as part of customer support.

No.

You can bring up to €10,000 in cash without the need to declare it. Amounts exceeding this must be declared at the border.

You can view several properties per day, depending on the availability of offers and your schedule. Typically, 3–5 properties can be viewed in a single day.

You should inform DEVETOPER about the situation to adjust the plan or reschedule the visit.

You can reserve an apartment through DEVETOPER’s partner or using booking platforms such as Booking.com or Airbnb.

Yes, DEVETOPER or a lawyer can assist in negotiating better terms with the developer.

Refunds depend on the accommodation provider’s cancellation policy. Many companies apply partial refunds or no refunds for last-minute cancellations.

Yes, such services may incur additional costs unless included in a customer service package.

It is recommended to reserve at least 3–5 days to visit properties, negotiate terms, and handle basic formalities. For more complex procedures, additional time or a power of attorney may be necessary.

Yes, the DEVETOPER platform can assist such a client, but the terms of cooperation should be agreed upon.

No, if you have the appropriate notarial power of attorney, a representative can complete the transaction on your behalf.