The New Law on Tourism was discussed with the stakeholders and approved in late July 2015 by the Parliament. The new law on tourism provides a range of changes for the tourism sector, aiming to transform it into one of the most important economy sectors in the upcoming years.
According to the new law, a foreign company chosen by the Ministry of Tourism will evaluate, classify and standardize businesses operating in the tourism sector in Albania, by issuing certificates of evaluation for each business (such as restaurants, hotels, guesthouses, etc). Another novelty of this law is the vast support and facilities provided to strategic foreign investors in this sector.
The Ministry of Tourism is the link between the government and strategic investors and plays the monitoring role in the implementation of the signed agreements for different investments in this sector. The new law favors big investors which seek to implement vast touristic resorts and the provision of the state owned land by applying “Albania 1 Euro” scheme is justified by the vast amount of an investment, according to tourism experts.
If you need more information about this Law, please do not hesitate to contact us.