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
