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Ease of Doing Business 2019: India Jumps 23 Positions as Per World Bank’s Latest Report
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Ease of Doing Business 2019: India Jumps 23 Positions as Per World Bank’s Latest Report

India is considered as a land of opportunities. Many businesses eye on establishing in India with the aim to generate a good profit. However, in the past, the lack of a supportive environment had led to closure and slow down of many businesses. But now the things are changing, India has climbed 23 spots in the ease of doing business index and is now at the 77th position. Now India ranks first in South Asia and third among BRICS nations for ease of doing business.

In the current year, there has been an improvement of 23 positions in the rank for doing business. In the last two years, India has climbed 53 positions, highest by any large country since 2011. Such performance has only been given previously by Bhutan. Removal of hurdles by the government in the construction permits led to India climbing to 52nd position from 129th position in that sector respectively.

Every year World Bank releases the ‘Doing Business Report’ by assessing the business regulations of total 190 economies of the world. The doing business report measures the countries performance on the basis of the distance to frontier (DTF). DTF measures the performance of an economy to the global best practice. India has improved to 67.23 from 60.76 during last year according to the DTF score. As per the report, India ranks among the top 25 countries of the world on three parameters – getting credit, protecting minority investors and getting electricity.

As per the World Bank report, India lists among the top 10 improvers for the second year in a row. This makes India the only country among the nine other countries of the world and only country among BRICS nations to have a place in the list. The six reforms that were the major reason for such improvement are;

  • Trading across borders
  • Starting a business
  • Getting electricity
  • Dealing with construction permits
  • Paying taxes
  • Getting credit

When it comes to dealing with construction permits, the single online window has given great results. The introduction of deemed approvals and reduced cost for obtaining the permits are other reasons for its improvement. Furthermore, in the electricity sector, the time taken to get a new electricity connection has reduced from 105 days to 55 days. In addition, the new Insolvency and Bankruptcy Code has led to systematic resolution of the corporate debtors.

Similar improvement was seen in the trading across borders. India has moved up to the 80th position from 146th position a year ago when it comes to trading across borders. This big leap in the rank is due to the reduction of time and cost to export and import goods. Various initiatives that further helped in easing trading across borders are:

  • Implementation of electronic sealing of containers
  • Upgrading of port infrastructure
  • Allowing electronic submission of supporting documents with digital signatures under its National Trade Facilitation Action Plan 2017-2020.

Since setting up a business in India is on the rise, IMC Group assists in company formation in India. Our services include consultancy, secretarial service, company registration, accounting and payroll services, taxation services, mergers and acquisitions services in India, etc. With our team of expert and experienced professionals, we help companies to smoothly establish and operate. To know more about our services, you can visit our website.

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Why Should You Consider Doing Business In Singapore
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Why Should You Consider Doing Business In Singapore?

Whether you are looking for a global expansion of your existing business or are eyeing to set up a new business, there are several reasons to consider Singapore. It is an ideal location for companies all over the world to set up a new business or expand their market.

With highly efficient infrastructure, business-friendly atmosphere, stable socio-political environment, attractive tax regime, efficient regulatory systems, great market potential, fastest growing economy, open business policies, skilled workforce, enforcement of intellectual property rights and much more, Singapore provides the most conducive environment for companies looking to expand in the region.

Singapore is consistently acknowledged as a global business hub and an increasing number of companies are moving in this region. Moreover, Singapore ranks 2nd among 190 economies in ease of doing business as per the World Bank’s annual ratings, 2017. As of 2016, the World Bank ranked Singapore as the best country in the world for doing business for the last ten consecutive years. In addition, it is ranked number 1 out of 82 countries for the most efficient and open economies for seven consecutive years by The Economist Intelligence Unit. Not only this, Singapore is the 3rd wealthiest country based on the per capita GDP and is listed among the least bureaucratic countries in the world.

Let us see what all factors contribute to making Singapore an attractive location for entrepreneurs.

  • Competitive Economy

Singapore has a sturdy economy with a very strong foundation. Its economy is rated AAA by S&P. It is also the world’s 3rd richest county based on its per-capita GDP. It has a very low unemployment rate while maintaining low inflation. Moreover, the county has no external public debt which contributes to a robust and well-managed economy.

  • Transparent Government

Singapore has a transparent, stable and orderly government, whose vision is to take the nation to the progressive path. Its political system is very efficient where each law, policy and regulation is framed keeping in mind the rational and pro-business approach.

  • Easy Infrastructure

Singapore has a world-class infrastructure with excellent road transport system and communication facilities. Not only does the country operate efficient air and seaports but also offers a good network of the highway system, subways, internet infrastructure, etc. Its technological infrastructure supports enormous growth and improves the productivity of the businesses located in the region.

  • Strategic Location

Singapore is strategically located in the heart of South-east Asia and enjoys close proximity to emerging markets of India and China. Moreover, it enjoys the benefits of excellent connectivity to virtually all corners of the globe.

  • Competent Labour Force

Singapore boasts of the best labour force in the entire world in terms of their productivity, skills, education, technical proficiency and hard work. Being a knowledge-based economy, its manpower is educated and professionally qualified. So, setting up a business in Singapore means you get access to the highly skilled talent pool. 

  • Efficient Tax System

Singapore offers one of the lowest corporate tax structures in the world. Apart from the attractive tax framework, the government has signed over 21 free trade agreements with 27 economies and 76 comprehensive avoidance of double tax agreements which facilitates smooth business across borders. 

  • Abundant Finance at Low Interest Rates

Singapore is home to over 128 commercial banks, 31 merchant banks, 365 fund managers and 604 capital markets services license holders. It is a primary hub for wealth management and investments in entire Asia which makes it easy for the businesses to have access to private as well as commercial banking services to fund their expansion and at very low interest rates. Moreover, the government in Singapore offers various tax incentives, financing schemes and cash grants to encourage businesses to set up in the country.

  • Easy Company Incorporation Process

Setting up a business in Singapore is very easy and straightforward. You can easily set up a company here in just a few hours. The country welcomes with open arms investors, entrepreneurs and professionals who can complement its economy.

You can set up a company in Singapore in 5 simple steps.

1.     Choose your business entity

2.     Register your company by complying with the minimum setup requirements

3.     Open a corporate bank account in Singapore

4.     Get the necessary permits

5.     Set up an office and hire well-trained and qualified employees

Bottom Line

Singapore enjoys an attractive position in the global economy and continues to be every entrepreneur’s heartland in Asia. The above-mentioned factors make Singapore the world’s top country when it comes to doing business.

Seeing an opportunity, we, at IMC Group have set up our own office in Singapore to cater to the growing needs of businesses. With a gamut of services including company incorporation, acquiring various business licences, conducting market survey, getting government approvals, facilitating accounting, tax and payroll, we support your business set up in Singapore. You can count on us to be your one-stop business solution.

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Easy-to-Implement Business Ideas in Qatar

Qatar is a small country located near Saudi Arabia. Despite This nation boasts of a very strong economy and positions itself as a great place to work. If you are thinking of establishing a new business, Qatar is a good choice in the Middle East. But are you confused about which sector to start your business in Qatar? After some research, we have prepared a list of some small business ideas in Qatar.

  • Data Technology

If you are an IT expert, Qatar surely is a good choice. As per data, there aren’t enough IT professionals here and hence there is a huge opportunity in this field.

  • Auto Wash and Repair

Car or auto wash and service or repair is another small business that can never go wrong. Most auto owners are busy people who do not have the bandwidth to clean their cars. Who would mind getting a proficient auto wash service provider? Opening an auto wash business is Qatar is surely a good choice.

  • Excellence AND Wellness

The Qatar nationals are very fitness and health conscious. They have immense interest in following wellness and fitness regimes and the best example of this are the ladies of Qatar who like to stay fit as a fiddle.

  • Sustenance’s and snacks

Another idea which cannot go wrong is offering nourishment and healthy snacks because, with the super busy schedules, people have no time for cooking. So, think of setting up a business that makes healthy snacks or imports handled sustenances and snacks, such as yogurts, energy bars, canned nourishment etc.

  • Innovation Products

The Qatar nationals are crazy about hi-tech products and latest technology like cell phones, PCs, iPads, and tablets. And believe it or not, very few good stores and organizations offer these kinds of items in Qatar.

  • Proficient Services

In Qatar, there is also a huge opportunity for experts and professionals like engineers, human resource experts, bookkeepers, building and development specialists, etc. So, if you an expert and have good knowledge in any of these fields, then you can think of beginning a business in Qatar, which provides administrational services to individuals and organizations.

  • Eateries and restaurants

One of the biggest issues which these non-natives and tourists face in Qatar is difficulty in finding their own cuisines. Because of this, there is a huge demand for restaurants and eateries which offer outside luxuries. You can set up an eatery offering just Chinese, Italian or American cuisine or an extensive and lavish variety of cooking styles.

  • Support Services

There is also a big need for proficient support administrations for mechanical, cooling, aerating, electrical, plumbing, and other offices. Using some support service providers is a reasonable and more efficient option; hence, here too lies a big business opportunity.

  • Building and Construction Material

As a rapidly developing country, Qatar sees lots of new buildings, structures and framework being raised every other day. There is no doubt that construction material is a huge market in Qatar.

  • Real estate business

Qatar has also been experiencing rapid and unbelievable growth in its population, number of immigrants, new businesses, and also the per capita income, thus creating a perfect ecosystem for new entrepreneurs who wish to start some new business in the field of real estate as more and more residences and also commercial spaces are in demand.

  • Car rental business

Most tourist places are often quite difficult to reach if you use the public modes of transport. Hence, many foreign and also domestic tourists prefer to rent a car rather than use public transport. This gives rise to the opportunity of car rental business in Qatar, which can help various international and domestic visitors to see and explore many tourist spots and places conveniently.

  • Clothing

Clothing is always a business idea that is ever-green and never goes wrong. As the working population is mostly busy with their commitments, they often have little or no time for thinking a lot about clothing. Beginning your own clothing business is a very simple and great idea, which doesn’t need a lot of cash flow too.

  • Corn Roasting Business Plan

Corn cooking and roasting is another profitable business that requires minimal effort. That’s not all. Anyone can start this business with very low investment and low maintenance premise. Broiled corn is a great choice as a healthy snack and one can offer various creative versions to their customers.

  • Conveyance Business

Conveyance benefit organizations have quickly become popular around the world. This kind of business helps busy people to have some free time on hand. You can avoid stepping out or driving to a store and just get things that you need at your doorstep. In addition, it’s much more beneficial if you can get these services on the internet or online. So, think of a conveyance administration of most important items and start a business.

  • Interior Designing Business

Many people dwelling in Qatar aim to live their lives amid luxuries. One way to quickly achieve this is getting your house designed by one of the best interior designing firms. You can even get interiors designed for your office space, shops, stores, and other workplaces. This industry has also been continuously growing in the country. Hence, starting a business into interior designing in Qatar is a great decision, especially for people who have an impeccable taste in art, designing or decoration.

  • Business of Laundry

This is another business that is credit crunch-free and can be easily started in Qatar. Because of lack of time and energy, most people living in Qatar prefer to give their clothes to laundry services. You can think of starting an online laundry business, which may be available on a mobile app and you could link the customers to their washers or service-providers easily. This allows you a big amount of commission and is hassle-free, besides needing a very small capital for starting the business.

Some of the other best business ideas in Qatar in 2018 are as follows:

  • Investing money in real estate
  • Financial consultation services
  • Content and resume writing services
  • Transportation business
  • Innovation products business
  • Leasing
  • e-Commerce or delivery business
  • IT and computers

So if you like any of these ideas and are thinking of company registration in Qatar, our professionals can there to help you with it. Just get in touch with us and we will help you get started.

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7 Profitable Business Ideas and Investment Opportunities in Muscat Oman
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7 Profitable Business Ideas and Investment Opportunities in Muscat Oman

Oman shares borders with major oil-producing countries like Saudi Arabia, United Arab Emirates, Yemen, Iran, and Pakistan and is greatly influenced by their business and economic activities.

In recent times, these neighbouring countries are shifting their focus from oil production sector to fintech, technology, and other service sectors. Being influenced by them, Oman is also taking part in the rally and is inviting with open arms investors who are willing to invest in the businesses in Oman and looking for new opportunities.

As per Arabian Business News, Oman’s economy is projected to grow by 5.2% in 2018. This is another compelling reason for investors to invest in Oman. The government is also currently focusing on foreign direct investment to increase the potential GDP of the country.

Muscat, the capital of Oman is also the largest city in the country. It is also a great place to start up your venture owing to the modern infrastructure network, easy access to global markets, secure and stable investment environment, educated and skilled workforce, strong economy, strong international networking and trade agreements.

If you are planning for establishing a business in Muscat Oman, here are some of the most profitable business ideas for the Oman market

 

1. Technology Based Company
 

There is a vast scope in technology based startups in the middle east, specially in Muscat Oman. You can invest in technology based startups in the country like app based transport like taxi service, food delivery, mobile app grocery stores, fitness products, e-commerce and much more.

2. Travel and Tourism Business
 

With the government taking major efforts for the betterment and progress of travel and tourism, this sector is flourishing in the country. If you set up your own tours and travel company, the initial investment would just be the rent of the office, license for becoming a tourism conductor, office interior cost and salary of employees. This business has a huge potential for long term growth.

3. Event Management or Celebrity Management Company
 

Muscat is popular for its lavish parties, grand weddings, celebrity events, sports events and much more. So, if you are good at managing and organizing different events and have good contacts in the entertainment industry then it is a great business opportunity. To add on, the profit margins in this business are really high.

4. Facility Maintenance Company
 

With a growing number of companies in Oman, facility maintenance can be a great business idea to reap profits. All you have to do is form a company which can assist other companies in cleaning their facilities, fixing electrical faults, fixing plumbing issues, maintain their power plants, etc.

5. Commodity Store
 

It is a thriving business to deal in commodities in Oman as the country greatly depends on imported goods. You can make good returns if you can manage to import these commodities at cheaper rates and stock them at your store. In order to attract more customers and scale your business, you can deal in multi-brands and multiple products.

6. Restaurant
 

If you want to go for a safe bet, you can invest in the restaurant business in Oman. You can introduce your own unique local taste and cuisine to the country and make people revisit your restaurant. Moreover, you can attach a bar to the restaurant in order to maximize more profits.

7. Certification Agency

Another brilliant idea is to have a certification agency in Oman. It has a lot of value and attention as it is a mandatory requirement by the government for most of the businesses. You can start a business along with a small team of professionals and start providing consultancy services for the certification process. With growing start-ups in Oman, the need for certification will also increase and in turn, there will be more market for your business.

The above mentioned are some of the most booming business ideas and investment opportunities in Muscat Oman. If you need any assistance with company formation in Oman, you can get in touch with IMC Group.

Government stimulus and Tenth Five-Year Development Plan (FDP) for 2021 to 2025 in Budget 2021

To fight against the economic slump caused by COVID-19 and help sustain the non-oil sector through new company formation in Oman, the Government has announced relief measures and waived levying of taxes from tourism and municipality taxes, pending rent of factories operating in industrial areas, penal measures on expired labor cards including reduction of shipping and handling fees.

The 10th FDP narrates the first executive plan for making way to realize the vision 2040 which is considered as the beginning of the attainment of fiscal sustainability and economic growth. The plan focuses on prioritizing spending as a result of many adverse implications in the local and global economic situation and ensures high economic growth and financial prosperity.

 

The objectives of the 10th FDP are
  • Enhancing sustainable human development and preserve human capital
  • Realizing balanced development and improve the income of citizens
  • Promoting economic diversification
  • Attaining financial sustainability by developing ma macroeconomic environment
  • Supporting the role of small and medium enterprises
  • Providing economic stimulus by partnering with the private sector

Economic diversification mechanisms and programs are the essence of the FDP and focus on an increase in the participation and contribution of non-oil sectors and activities. The plan aims for growth in the GDP of non-oil sectors and focuses on sectors such as hi-tech manufacturing industries, agriculture and fisheries, fish farming, food processing, transportation, travels and tourism, and logistics.

 

 

Takeaway

 

Every crisis comes with an equal opportunity, investors believing in this adage have taken out money from their other portfolios and are exploring opportunities in high technology growth-oriented businesses for investment. Therefore new business set up in Oman now can be well-timed and hugely rewarding.

As many SMEs were forced to put down their shutters due to covid lockdown, new businesses can now afford to look at the future with a positive mindset filled with beliefs for a flourishing economy in the recent future.

The government and many business owners believe that sectors that were among the most damaged during COVID-19 such as travel and hospitality have a greater chance to come back stream and row over the next few years. Human skill coupled with strong willpower will help Oman successfully navigate the adverse economic trend of 2020, the Government of the Sultanate of Oman believes.

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Singapore Introduces New Bill to Attract More Global Investors
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Singapore Introduces New Bill to Attract More Global Investors

Singapore is one of the fastest growing economies of the world. One of the prominent reasons for the growth is the ease of doing business in Singapore. Moreover, the process of company registration in Singapore is also very smooth and simple. Considering such conveniences, more and more companies are trying to explore the opportunities and establishing businesses in Singapore. In fact, it has always been an investment hub for investors from across the globe. Singapore is now planning a new bill that will attract larger funds. It is giving an opportunity to investment managers to register their funds locally as they look to tap the $69 trillion global asset management industry.

Need to Introduce the Bill

The government observed that Singapore has many offices of asset managers yet their funds are registered in the offshore jurisdiction. Therefore, the new corporate bill that is introduced in Parliament aims to provide flexibility to the asset managers in this regard. The Monetary Authority of Singapore aims to utilize the flexibility for both traditional and alternative strategies. In addition, Singapore is also offering many business start-up schemes and grants to promote business in the country.

Intend of the Bill

The bill intends to focus on the variable capital company framework. This will enhance the safeguard as each fund will now have to be segregated into assets and liabilities. Furthermore, the Monetary Authority of Singapore has clarified that the bill will allow the funds to use both Singapore and International Accounting Standards.

According to recent data, assets under management in Southeast Asians countries rose by 7% to $2.7 trillion in 2016. Therefore, global fund managers like Fidelity Investments and Blackrock Inc. are capitalizing on the new bill and taping the growing economy and wealth of Singapore. Furthermore, the growth of fund domiciliation will provide a boost to a wide range of service providers that include lawyers, fund administrators, accountants, etc.

The new bill takes into consideration the public feedback that was received in the year 2017 and features of similar structures in other countries. The bill will become a law after it will be passed by the parliament and President approves it.

With the passing of this bill, Singapore will be the new hub for larger funds. The funds that are domiciled in offshore jurisdiction continuously face the risk of scrutiny. Therefore, with this new bill, Singapore will become more marketable for a very simple reason that the country focuses on delivering transparency and protection to the funds domiciled.

Lastly, the Monetary Authority of Singapore is actively taking new measures to become a leader of Asia’s fund management and counter the competition from cities like Hong Kong. With the focus on growth, last year Singapore simplified the regulatory norms for venture capital managers and consulted in the relation of the licensing requirement to allow digital advisory services.

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Advantages of choosing Dubai Free Zone for Company Setup

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UAE’s New Policy: Long-Term Residency Visa After Retirement
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UAE’s New Policy: Long-Term Residency Visa After Retirement

To boost the economic growth of the United Arab Emirates, the government is bringing some major changes into their policies. The seven state federation is looking to bring changes that allow the foreigners to obtain long-term residency visa of UAE after their retirement. The new law will come into force with effect from 2019.

The new law shall be applicable to the residents who retire above the age of 55 years and the visa will be valid for a period of five years. The new policy shall also give the option of visa renewals to the residents. To qualify for the renewal visa an individual must have an investment of worth 2 million dirhams in a property or savings of not less than 1 million dirhams or a permanent income of at least 20,000 dirhams per month.

This step is considered as a great move forward for a member of the six-nation Gulf Cooperation Council. They generally do not allow or permit expatriate workers to stay in the country beyond the limit of work permit.

Qatar in recent days has also made permanent residency an option for foreigners. This step would grant the foreigners an access to the welfare system and commercial rights that were earlier reserved only for its citizens.

In addition to the new policy, the UAE government has also decided to grant some benefits to the industries by cutting the electricity fees. The service connection for the new factories shall now be waived. The cost of electricity for large factories shall be slashed by 29 percent. Furthermore, the electricity fees for small and medium factories shall be reduced by 10 percent from 22 percent.

The vice president, prime minister of UAE and ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, believes that improving the competitiveness of the country is a journey that has no finish line.

For any assistance related to Dubai visa services, you can get in touch with IMC Group. We have a qualified and experienced team of experts who can take care of your visa related issues so as to make the entire process hassle-free and smooth.

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Ideas for Business and Investment Opportunities in Kuwait
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Ideas for Business and Investment Opportunities in Kuwait

Do you dream of having your own venture in Kuwait? If your answer is yes, then we must tell you that Kuwait is surely a very good choice to start your business in Kuwait offers various investment opportunities to budding entrepreneurs because of its strong economy, supportive government, and ease of doing business because of certain laws and regulations. The Kuwait government has come up with corporate laws and legislation, which push foreign direct investment into the country. The main sector in Kuwait is oil and gas. But if you are looking at small investments and oil and gas sector does not suit you, there are many other options too.

Kuwait is the fourth richest country as per the world capita income and is the second richest GCC country according to the per capita. So rest assured, whichever sector you opt for Kuwait company incorporation, the chances are favouring success only. The entrepreneurs in Kuwait seem to own the majority of country’s wealth and also a big chunk of customers along with a rising demand for different products and services.

You can consider setting up your business, where either you sell some particular product, which is highly in demand or provide some services. However, detailed market research is a must before stepping out to start. One must zero down on some product or service, which is in high demand. After you make a list of shortlisted ideas, then it’s important to evaluate it well.

We have also done some research on the Kuwait market and have listed some lucrative ideas for a startup.

1. Eateries and Restaurants

Majority of the people staying in Kuwait are immigrants from other nations. Opening a multi-cuisine eatery or restaurant is a sure-shot winner. The more customers you eventually have shows high revenues and profits. So, what are you thinking of?

2.Franchise

If you are not someone who wants to risk it big, then consider buying a franchise of some known business, store, etc. You must select a suitable area to set up your business, and then decide the product in demand in that locality. Then decide and take the franchise of that product or service. Example – school franchise, a restaurant or café franchise, salon franchise etc.

3. IT or Hardware Management Services

There are many small organisations in Kuwait, who contract out their IT or other administration work to experienced people or professionals and are ready to shell out a decent amount for it. So, this could be another great idea. Start your IT and Hardware Management Services company and then you can get in touch with companies, which are wanting to outsource this kind of work.

4. Online Services

With busy schedules these days, people usually prefer to take services and even buy products while sitting at home. So how about providing some online services? Think of something you are good at or hire some resource to manage that work.

5. Specialty school

These days, parents look at the holistic development of their children, which goes beyond bookish knowledge. How about opening a specialty centre or school for children offering some special courses on some skills, sports, languages, arts, etc. After setting up a business, an advertisement is also important so that parents are aware of your offerings and unique selling points.

6. Clothing and Accessories

Though there are many online sellers for clothing these days, offering trendy yet classy clothing at a reasonable price range is a win-win situation. If you also keep a tab on the latest trends in the market and then decide on your styles, then the risk gets lesser and your chances to profits increase. Adding accessories to match your clothing styles could be another big hit as the customers won’t have to go to various stores to buy different things.

7. Event Management

These days, people like to outsource the celebration of their special occasions like birthdays, wedding, anniversary etc to give it a professional touch and also make it hassle-free for themselves. Due to this reason, opening an event planning and management agency is also a fabulous idea. The better and innovative your ideas, the more you can charge.

8. Printing Business

Everyone is done with old, traditional gifts these days. One can also think of setting up a printing business, with a twist. Offer some customized options like printing pictures and personal messages on a coffee mug, photo frame, visiting card, or T-shirts. This can surely attract more customers and hence promise you definite revenues.

9. Bakery

Cash on people’s sweet tooth! Who doesn’t like desserts and pastries? If you think you can do good baking, then consider starting your baking business or hire an expert in this line who can work for you. Investment in this field is not much but it promises to get you big revenues.

10. Import Business

The import business can also open up many opportunities for you. For example, you could import any items which remain high in demand, even if it’s already there in the market. Try to find out what could be such products and find the process to import.

11.Stock Brokerage Firm

Kuwait is also a haven for a thriving stock exchange market. In fact, Kuwait’s stock market is the second largest in the whole of the Arab world. So, if you have a license and have experience and training into stockbroking, then start your stock brokerage company in Kuwait Believe us; the profits are huge in this line. The benefit is that any common resident of this nation is usually well-informed regarding the stock exchange market and the majority of the people invest big portions of their income in this market.

12. Car Wash Business

Another idea which is easy to manage and setup is car wash or service business. It does not need any technical know-how as such and any cheap labor or resources could be easily trained to do this work. The only thing to take care is the location you choose and the offers you come up with.

13. One-Stop Shop for Technology

One-stop shop for technology is a business idea, which is still new in Kuwait but it promises to be very profitable. If you are good at IT and the latest technology, consider setting up a one-stop technology shop in Kuwait. It will be a place which is a solution for all your technology-related requirements. Be it any latest gadgets like Smart Phones, Tablets, Pen Drives, Memory cards, etc, you will find them here. Or if you need some guidance or help in fixing or configuring your laptop, phone, etc. this will be your go-to place.

14. Online English language tuitions

English is now considered as a second language in this country and people need to gain fluency to operate in their offices and workplaces. So in case you are an expert in this language and you think you can teach it well, then don’t waste a minute. Start your own business of teaching this language using online modules. You could use Skype or other easily available platforms. But once you are successful, you could make your own website and academy and hire professional tutors.

Here are some more small business ideas in Kuwait that one could think of setting up:

  • English Language School
  • Real Estate Business
  • Content and PR agency
  • Eye and Dental Clinic
  • Agro Allied Manufacturing Company
  • Pet Counselor

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Best Free Zones in U.A.E.

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How to Setup Your Business in Dubai Free Zone

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