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Business Reforms in Albania

= Doing Business reform making it easier to do business. Negative =  Change making it more difficult to do business.

DB2017

Dealing with Construction Permits: Albania made dealing with construction permits easier by reintroducing the issuance of building permits and streamlining the process of receiving the final inspection and compliance certificate.

Getting Electricity: Albania made getting electricity easier by speeding up the process for obtaining a new connection.

Paying Taxes: Albania made paying taxes easier by introducing an online system for filing and paying taxes.

Trading across Borders: Albania made trading across borders more difficult by introducing mandatory scanning inspections for exports and imports, which increased the time and cost for border compliance.

DB2016

Dealing with Construction Permits: Albania made dealing with construction permits more difficult by suspending the issuance of building permits.

Protecting Minority Investors: Albania strengthened minority investor protections by introducing legal requirements for immediate disclosure of related-party transactions to the public.

Trading across Borders: Albania made exporting easier by implementing an electronic risk-based inspection system, which reduced the time for border compliance.

DB2015

Starting a Business: Albania made starting a business easier by lowering registration fees.

Dealing with Construction Permits: Albania made dealing with construction permits easier by resuming the issuance of construction permits and by consolidating the land permit and construction permit into a single construction development permit.

Registering Property: Albania made transferring property easier by establishing effective time limits and computerizing the records on immovable property.

Getting Credit: Albania weakened its secured transactions system through an amendment to the Securing Charges Law that does not allow intangible assets to be secured with a nonpossessory pledge.

Paying Taxes: Albania made paying taxes more costly for companies by increasing the corporate income tax rate.

DB2014

Paying Taxes: Albania made paying taxes easier by allowing corporate income tax to be paid quarterly.

DB2013

Starting a Business: Albania made starting a business easier by making the notarization of incorporation documents optional.

Paying Taxes: Albania made paying taxes easier for companies by abolishing the vehicle tax and encouraging electronic filing for taxes.

DB2012

Dealing with Construction Permits: In Albania dealing with construction permits became more difficult because the main authority in charge of issuing building permits has not met since April 2009.

Registering Property: Albania made property registration easier by setting time limits for the land registry to register a title.

DB2011

Paying Taxes: Albania made it easier and less costly for companies to pay taxes by amending several laws, reducing social security contributions and introducing electronic filing and payment.

DB2010

Starting a Business: Albania made business start-up easier by making registration electronic and enhancing capacity at the registry, reducing the minimum capital requirement and eliminating the requirement to register at the chamber of commerce.

Trading across Borders: Albania reduced the time needed for customs clearance of imports by implementing the ASYCUDA World electronic data interchange system and by purchasing scanners.

Resolving Insolvency: Albania improved its insolvency process through a new insolvency law introducing statutory time limits during the insolvency procedure, specifying professional qualifications for insolvency administrators, establishing an agency to regulate the profession of administrators and introducing a simplified insolvency procedure for small businesses

DB2009

Starting a Business: Albania made starting a business easier by consolidating tax, health insurance and labor registration into a single application, allowing online publication of the incorporation notice and reducing the registration cost.

Getting Credit: Albania improved access to credit information by establishing its first credit bureau.

Protecting Minority Investors: Albania strengthened investor protections by introducing approval and disclosure requirements for related-party transactions and by reinforcing directors’ duties and available remedies in cases where related-party transactions are harmful to the company.

Paying Taxes: Albania made paying taxes less costly for companies by reducing the corporate income tax rate.

DB2008

Paying Taxes: Albania made paying taxes less costly for companies by reducing the corporate income tax rate.