About Albania Citizenship and Residency

Albania offers residency by investment through real estate, and the Parliament of the Republic of Albania has published a package of amendments to the text of the law on foreigners. The innovation can have a positive impact on the local housing market. According to the innovation in Article 84, foreign citizens can apply for a residence permit based on the acquisition of real estate in Albania:

1. A temporary residence permit for the use and disposal of immovable property in the Republic of Albania may be issued to a foreign citizen by this law and which confirms the ownership of such immovable property by the current legislation, in respect of which (S)he is the owner at the time of obtaining the residence permit.
2. The body in charge of migration grants the foreigner a ”residence permit for the first time with the possibility of renewal every year if the foreigner meets the criteria established by law.
3. The permit specified in clause 1 may be issued to a foreign citizen who is a co-owner of 1/2 of the immovable property.
4. The procedures and criteria are determined by a decision of the Council of Ministers.

 

You can renew a residence permit only five times, and you can apply for citizenship after five years of permanent residence in the country and after passing a language exam. Previously, it was possible to obtain a residence permit in Albania only based on work, and study.

 

Qualifying Investments

• Business Investment in Real Estate
• Energy
• Tourism
• Manufacturing
• Information Technology

 

Minimum Investment – USD$ 100,000

 

Advantages of the Residency by Investment Program

• The most suitable program for families in comparison with the investment residency programs in Europe
• Currently, this is the fastest program, as it takes only two months to obtain an investor’s residence permit after submitting of application.
• There are no language requirements for obtaining residency.
• In addition, complete confidentiality in procedures implementation.

 

Albania currently allows dual citizenship. Albanian citizens can freely apply for and acquire another citizenship without losing their Albanian. Foreigners also can apply for Albanian citizenship, without renouncing their previous citizenship.

 

Benefits Of Albania Residency By Investment Program

• I am obtaining citizenship after permanent residence in Albania for 7 years.
• It is a candidate country for membership in the European Union no later than 2027.
• Enjoy traveling to more than 117 countries around the world visa-free when obtaining Albanian citizenship after permanent residence in Albania for 5 years.
• Albanian passport is currently ranked 51 in the world and is expected to become stronger after Albania joins the European Union.
• Flexible and unrestricted tax policies with opportunities for income through real estate.
• They are providing health care and free education system.
• Low living costs.
• Natural environments to start new projects and establish companies.

 

Albania Residency Requirements And Qualifications

Required Documents

• Photocopy of valid travel documents
• Photos are taken in the last 6 months (47x36mm)
• Certificate of ownership or notarized photocopy of the sales contract providing the payment of the financial obligation
• Evidence of sufficient financial resources for living during the stay in Albania for the required period
• Individual statement on the motive for staying in Albania

 

Steps And Timeline

Step 1: Select the application requiring a residence permit.

Step 2: Fill out the online form.

Step 3: Gather all the required documents.

Step 4: Upload all the documents listed on the form, in PDF format.

Step 5: The State Police clerk begins verifying the documents upon receiving a notification for the new application.

Step 6: If the application is complete the applicant will be notified to submit the original documents in person. If the application is not done, the State Police clerk notifies the applicant about inaccurate data and advice on how to reapply. The applicant goes to the Office for Citizen Service at the time set by the clerk of the regional office.

Step 7: The clerk gives the residence permit to the applicant.

 

Our Services

Privacy World offers its services to anyone, not only looking to obtain residency and citizenship processes but our experts figure out legal ways to:

• Find the best solution for your needs.
• Identify and deploy a strategy to help you accomplish your goals.
• Activate our network of people in the country where you need help without having you search for the best solution or lawyer. We only work with licensed people in every country whom we carefully vet and pass the guidelines and principles of privacy we stand for.
• Focus on cutting through the red tape and expedite your process.
• Provide proper communication with you about your case.
  …. and above all: Offer you legal strategies to provide additional layers of privacy for your identity, while obtaining your residency or citizenship!

Privacy World can also help you with incorporating your company in Albania, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.

Want Privacy World to handle your case? Have any questions? Contact us!

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