From Legal assistant
Joana Gllavina
Residence permit in Albania as an entrepreneur!
Are you starting a new business and want to ensure a stable legal framework and comply with all legal requirements? If so, a reliable and experienced legal partner like Ceci Corp can be the right help you need.
After starting your own business in Albania, you need to apply for a residence permit on basis of entrepreneurial grounds.
To obtain a residence permit in Albania as an entrepreneur, you will need to follow specific steps and meet certain requirements. Here is a general outline of the process:
Business Plan: Create a detailed business plan for your entrepreneurial venture in Albania. This plan should outline your business concept, objectives, financial projections, and the potential benefits your business will bring to the Albanian economy.
Register Your Business: You need to establish a legal entity for your business in Albania. This typically involves registering your business with the Albanian National Business Center (QKR).
Investment Capital: Ensure you meet the minimum investment requirements for an entrepreneur residence permit. The amount may vary, and it’s best to check with the Albanian authorities for the current threshold.
Bank Account: Open a bank account in Albania and deposit the required investment capital.
Apply for a Residence Permit: Once you’ve registered your business and met the financial requirements, you can apply for a residence permit through the Albanian Ministry of Interior (Ministria e Brendshme).
Required Documents: Prepare the necessary documents, which usually include:
- A completed application form for a residence permit.
- A valid passport.
- Proof of business registration.
- Proof of financial investment.
- A clean criminal record certificate from your home country.
- Proof of accommodation in Albania.
- Health insurance coverage in Albania.
Submit Application: Submit your application and all required documents to the relevant government authorities. Be prepared to pay any associated fees.
Waiting Period: The processing time for residence permits can vary, so be prepared to wait for a decision.
Interview: You may be required to attend an interview as part of the application process.
Residence Permit Issuance: If your application is approved, you will be issued a residence permit that allows you to live and work in Albania.
Renewal: Residence permits typically need to be renewed periodically, so be sure to adhere to renewal requirements.