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If you are interested in hiring a remote team in Albania, or even just individual remote employees in Albania, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Albania payroll solutions. As a Albania payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Albania. We are confident Rivermate’s payroll solutions Albania will help you grow as a business—because now, you won’t have to worry about your payroll solutions Albania. We take care of everything payroll!
With Rivermate, you can run Albania payroll services in just one click—regardless of currency, benefits, insurance, and your local labor laws. Everything is automated. Our priority is for you to focus on your company’s strategy and growth.
Our Rivermate Global Payroll services are made especially for startups and scaleups. We know that startups try to be extra prudent when it comes to choosing a payroll provider, so it is our mission at Rivermate to be your most reliable and cheapest payroll provider option. So if you’re looking for global payroll providers for small businesses, look no further and book a call with us now!
If you are incorporating the traditional way, you must first establish a subsidiary in the country before you can set up your payroll. As a result, it may take weeks or months to be officially ready to work in the country and begin hiring employees, adding them to your payroll, and making important business connections.
Once you've determined the best Albania payroll option for your company, you'll need to collect some information from employees in order to add them to your payroll. Begin by acquiring their personal identification number, tax deduction card, and emergency contact information. When an employee begins working and provides you with their tax deduction card, they become a part of the social security system and are eligible for benefits.
Employers must make 16.7% social security and health insurance contributions. Employees also contribute 11.2% to social security. Albania has a progressive income tax system, which means that employees owe more as their salary and compensation grow. Employees earning between 0 and 30,000 Albanian Lek (ALL) owe nothing, while those earning 150,000 or more owe 15,600 Lek plus 23% of the amount earned above 150,000.
Companies looking to start operations in Albania have different payroll options.
Internal: Many larger subsidiaries that have a strong commitment to Albania may choose to run their Albania payroll through their subsidiary. If you go the internal route, you'll need a larger budget and a larger HR staff to successfully run this type of payroll.
Remote: If your parent company already has a payroll, you can choose to pay your subsidiary's employees remotely through the same payroll. While this may provide more consistency, your employees will be subject to separate taxation rules and regulations.
Outsourcing to a local company: You can also choose to outsource your payroll to a local Albania payroll processing company. Your company will continue to be held accountable for all issues relating to compliance with this setup.
It is the obligation of the employer to ensure that all payroll-related transactions are properly documented and recorded. All salaries and compensation payments must adhere to the local minimum wage as well as other applicable laws and regulations.
Rivermate's payroll services in Albania can assist you in staying in compliance with the country's ever-changing payroll rules. We provide an all-inclusive solution that covers everything from compliance and reporting to salary payments.)
Companies that have a business presence in Albania have different ways of managing payroll. However, most of the options you have for running payroll in Albania are either expensive or require establishing a subsidiary in Albania. The cheapest, most efficient, and most reliable payroll processing system in Albania is by outsourcing payroll to Employers of Record (EOR) in Albania. Rivermate is one of those Employers of Record.
At Rivermate, we offer you the most efficient, most compliant, and cheapest HR and Payroll Management services in Albania. We do this by taking care of your payroll-related needs, such as keeping track of your employees’ financial records, including incentives, gross and net salary, and payslips, all the while staying compliant with the labor laws in Albania. Because we do your online payroll management for you, you can have absolute focus on your business’ strategy and growth.
Rivermate is all about growth through collaboration and we achieve this by offering the most reliable yet cheapest services for managing payroll for small businesses in Albania.
When fixed-term contracts come to an end, neither the employee nor the employer is required to go through any type of termination process.
If an employer intends to fire an employee, the employer is required to give the employee advance notice and to meet with the employee within 72 hours to discuss the cause for termination and to enable the employee to submit counterarguments. The employee may be entitled to compensation if the employer fails to fulfill within 72 hours.
Albania's minimum wage is currently 30,000 Albanian lek (ALL), or 290 US dollars per month. However, the country frequently increases its minimum wage, and employers should be aware of any changes that may affect their employees.
Albania's standard work week is 40 hours spread over five days.
Albania has mandatory universal healthcare that is financed by payroll taxes and the general budget. Private healthcare is also accessible, and some businesses provide optional pension plans.