shumëqelizorë

Shumëqelizorë is a type of offshore financial vehicle used primarily in Albania to invest funds in the local capital market. Shumëqelizorë can be translated to "mutual fund converter" in Albanian.

Shumëqelizorë provides investors with the opportunity to diversify their portfolios by allowing them to convert their existing fund holdings into local currency units, thereby qualifying for tax benefits as well as favorable treatment of dividends under Albanian law.

Established under the albanian financial law, shumëqelizorës are usually set up by local companies. The chief benefit of investing in shumëqelizorë is reduced liability and the option to repatriate foreign capital.

An individual wishing to invest in shumëqelizorë must establish a separate entity to own a shumëqelizor in addition to any personal ownership. These entities must be registered with relevant authorities in the country where the owner resides.

The establishment of shumëqelizorë has played a significant role in Albania's economy by stimulating investments in various sectors of the market. However, like any type of financial tool, it is crucial for investors to consult with financial experts before investing in shumëqelizorë to assess potential benefits and associated risks.