Interesting insights from Phillip Townsend at Q Wealth Report:
Not that long ago, Albania—a Balkan nation in southeastern Europe wedged between majestic mountain ranges and the Adriatic Sea—conjured memories of Stalinist isolation, endemic corruption and widespread poverty, a place mostly avoided by tourists, expatriates and PTs. But thanks to the combined effects of positive change, ambitious goals and a recent influx of cosmopolitan Albanians who have returned from self-imposed exile in Italy, Greece and beyond, it’s slowly making a name for itself as an expat- and tax-friendly destination.
… Albania has more to offer than a new attitude and rock-bottom property. It could be an option for those seeking to reduce their tax burden. With high-tax OECD nations like the U.S., UK, Australia and Germany dead-set on putting tax havens out of business—claiming they deprive their government coffers of billions in revenue and encourage money laundering and other illegal activity—Albania is quietly playing up its tax stance (generally a flat 10% on personal, corporate and capital gains earned within its borders). And the government is actively seeking to attract foreign investment while becoming even more taxpayer-friendly.
Full article here.
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