Albanian citizenship by investment

Albania does not have a formal citizenship-by-investment program in place. This means that you cannot acquire Albanian citizenship solely by making a financial investment in the country. However, Albania offers various opportunities for foreign investors, including incentives and benefits for those who wish to invest in the country’s economy, infrastructure, or specific sectors.

How to get citizenship by investment in Albania

The Albanian government has introduced measures to attract foreign investment and encourage economic development in the country. These measures primarily focus on providing incentives and benefits for investors rather than directly granting citizenship.

After living in Albania for five years, you can obtain Albanian citizenship by naturalization.

If you are interested in investing in Albania, here are some general steps you can take:

1. Research investment opportunities. Explore different sectors and industries in Albania to identify investment opportunities that align with your interests and goals. This could include sectors such as tourism, energy, infrastructure, agriculture, or real estate.
2. Seek professional advice. Consult with legal and financial professionals who specialize in Albanian investments. They can guide the legal requirements, investment regulations, and potential benefits available to foreign investors.
3. Establish a business presence. Set up a legal entity, such as a company or branch office, in Albania to conduct your investment activities. This will involve registering your business with the relevant authorities and complying with local regulations.
4. Invest by local laws. Ensure that your investments comply with Albanian laws and regulations. It’s essential to understand the legal framework, tax obligations, and any specific requirements for your chosen industry or sector.
5. Utilize investment incentives. Take advantage of any investment incentives or benefits offered by the Albanian government. These may include tax breaks, grants, subsidies, or streamlined administrative processes.
6. Contribute to the local economy. Actively participate in the Albanian economy through your investments, job creation, and contributions to local communities. This can help foster positive relationships and demonstrate your commitment to the country.

While investing in Albania can offer various benefits, including potential financial returns and business opportunities, it’s important to note that it does not automatically grant citizenship.

Documentation and Application

If you are considering investing in Albania or applying for residency, you may need to provide certain documentation and go through an application process. Here are some general guidelines:

1. Legal and financial documentation. Prepare and gather all necessary legal and financial documents related to your investment. This may include proof of funds, business plans, investment agreements, financial statements, and any other relevant documents that demonstrate your investment intentions and capabilities.
2. Passport and identification documents. Ensure that you have a valid passport and any other identification documents required for the application process.
3. Residency application. If your goal is to obtain residency in Albania through investment, you will need to apply to the relevant government authority. Inquire with the Albanian Ministry of Interior, an Albanian embassy or consulate, or consult with legal professionals to determine the specific application requirements and procedures.
4. Compliance with local laws. Ensure that your investment activities comply with Albanian statutes and regulations. This includes adhering to investment guidelines, taxation requirements, and any specific industry regulations.
5. Supporting documents. Depending on your investment type and purpose, you may be required to provide additional supporting documents such as business plans, feasibility studies, property ownership documents, and proof of investment funds.

Dual Citizenship

The Albanian government recognizes and accepts the concept of dual citizenship. If you are a foreign national and wish to acquire Albanian citizenship while maintaining your current citizenship, you can generally do so without being required to renounce your existing citizenship.