The prestigious American magazine ‘Forbes’ has featured Albania in a recent article, highlighting the country as a low-cost holiday destination and an ideal place to live well without high expenses. The article outlines Albania’s many advantages, especially for American citizens. Below is a summary of the piece:
Albania’s Allure for Relocation
Albania, a Mediterranean country on the eastern Adriatic and a NATO member, is becoming an attractive option for those seeking lower living costs. After decades of communist isolation, it now offers a warm climate, scenic beaches and mountains, and a stable government with low levels of violent crime.
Cost of Living
Living expenses in Albania are significantly lower than in the U.S.—roughly half the American average.
Foreign pensions are not taxed, making the country especially appealing to retirees. However, Albania does not have a tax treaty with the U.S. to avoid double taxation on other types of income.
English is spoken, but not widely, so learning a few basic Albanian phrases is advisable.
Flights to the U.S. usually require at least one layover, and occasional flooding from storms may occur.
Healthcare
Albania’s healthcare system is affordable and steadily improving. Still, some patients continue to seek specialist care in Italy. Private health insurance remains essential.
Residence Rights
Obtaining legal residence is relatively straightforward. For a long-term (Type D) visa that may lead to a retirement permit, one must show a yearly pension income of about $17,500.
Popular Locations
Some of the most favoured places to live include:
Tirana – the vibrant capital with an active urban lifestyle
Durrës and Vlora – coastal cities offering beaches and a relaxed pace
Shkodër – a northern city ideal for nature lovers and mountain views
With natural beauty, affordable living, and a simple path to residence, Albania stands out as an appealing choice for both long-term stays and vacation.
To read the original article, please click on this link.
