Albania is a developing country whose recent transition from a centralized economy to a free-market economy has resulted in the country’s steady growth since 2014. The country currently ranks as the 50th freest economy in the world due to the shift. Tourism and Agriculture are the main drivers of its economic success and have provided employment for most citizens.
Tirana, Durrës, and Fier
Industrial sewing machine operators, Waiters, and counter jobs, and Constructing technical
The below table mentions top Albania Universities with rank
Below are monthly salary ranges for jobs positions in Albania
|Job Title||Average Monthly Salary (ALL)||Average Monthly Salary (USD)|
|Software Support Engineer||75,800||772.47|
|User Experience Designer||89,200||909.03|
|IT Project Manager||155,000||1,579.59|
Payroll in Albania is released either every month or every two weeks (if the salary is calculated hourly, daily, or weekly).
The minimum wage in Albania is at ALL 195 per hour or ALL 34,000.00 per month
Overtime work is discouraged in Albania. However, if necessary, employees are compensated with 125% of their hourly rate for extra work. Employees who work overtime during a rest day or public holiday are compensated a rest day or 150% of their salary..
A 13th-month pay is not compulsory in Albania.
Albania offers a range of benefits for their employees. Below are some of them:
|Employee Income range (in ALL per month)||Taxable income (in ALL per month)||Tax rate in % per month (PIT rate)|
|0 – 40,000||0 – 40,000||0%|
|40,001 – 50,000||0 – 30,000||0%|
|30 001 – 50,000||50% * 13% of the amount exceeding ALL 30,000|
|50,001 and above||0 – 30,000||0%|
|30 001 – 200,000||13% of the amount exceeding ALL 30,000|
|200 001 – above||ALL 22,100 + 23% of the amount exceeding ALL 200,000|
The standard VAT rate is 20%.
Employment contracts in Albania can either be in a definite or indefinite period, and the termination process and notice period for each classification vary. The termination will only occur for a definite employment duration when the contract expires. If the employee works beyond the end date, their contract shall be considered indefinite. The contract may be terminated for indefinite employment duration by either the employer or employee. A notice must be given stating the reason for termination.
The notice period for Albanian employees is generally one month.
A Severance Allowance may be given to an employee if the termination of the contract is immediate and is due to redundancy. Moreover, severance pay in the form of a seniority-related award may be given to an employee upon termination if they have served for three years or more. The pay will be equivalent to 15 days of work for each year completed.
Expats seeking employment in Albania must legally secure a work permit to work in the country. They must also apply for a residence permit if they are required to stay more than 90 days in the country during 180 days. The following are types of residence permits that foreigners may apply for based on the duration of their stay: