Are you interested in starting a business in Georgia? If Yes, here are the top 10 best small business ideas & investment opportunities in Georgia.
Georgia is a European country located between Western Asia and Eastern Europe but is considered an Eastern European country; it shares boundary with Russia, Turkey, Armenia, Azerbaijan and the Black Sea. The capital city of Georgia is Tbilisi and the official language is Georgian, but Russian, Armenian, Azerbaijani are also widely spoken; hence Georgia is a mix cultural country.
The country Georgia emerged as an independent state from the fall of the Soviet Union in 1991. Lari is the currency used in Georgia and its population is about 5 million people with over 80% being Orthodox Christians.
Georgia’s economy is considered to be one the fastest growing economies in whole of Eastern Europe with the agricultural sector (employs about 53% of the workforce), real estate and hospital and tourism as the leading contributors to the growth of its economy.
As a matter of fact, about a million tourists visit Georgia annually, thereby boosting the economy with an average of US$313 million annually. Little wonder Georgia is called the entry gate to the Caucasus and Central Asia. The agriculture sector in Georgia is notable for the cultivation of crops like nuts, tea, fruits, apples, tomatoes, cucumbers citrus et al.
If you are looking towards starting a business in Georgia, then you are on the right path because Georgia is ranked as the 18th country in the world when it comes to the ease of doing business. Now let us quickly consider some of the business opportunities that are available in Georgia;
Top 10 Small Business Investment Opportunities in Georgia
If you live in Georgia and you are looking to start a small business that requires low startup capital and easy to setup, then you should consider starting your own coffee café business in a nice location in the city. This type of business is very profitable and enjoys loads of patronage.
2. Poultry Farm
The agric sector is one of the major contributors to the growth of the economy of Georgia and if you are interested in this sector, then you should consider starting your own poultry farm. The good thing about the poultry farm is that you can supply eggs and chickens to hotels, and restaurants around you. This business is indeed a profitable business to start in Georgia.
Georgia is a gateway to many countries and it has some UNESCO approved tourism sites. If you are interested in the tourism industry in Georgia, then you should consider starting a tourism consultancy business. All you need to do is to get some certifications and training in tourism before establishing your own tourism consultancy company.
Another thriving and profitable business that can be established in Georgia is old people’s nursing home. Once you are trained as a nurse and you have your license, then you should consider starting your own old people’s nursing home. One good thing about this type of business in Georgia is that you can setup the business in both the urban and rural area and it will still thrive.
Restaurant and Bar is yet another highly profitable business that an entrepreneur can setup in Georgia with ease. If you know you have all it takes to setup this kind of business, then it will be to your advantage to start your own restaurant and bar business in Georgia. All you need to do is to ensure that your restaurant and bar is well located and you will sure attract enough clients per time.
If you are a trained pharmacist and you have a license to practice, then you should look at starting your own pharmacy and wellness shop. The truth is that pharmacy and wellness shop is one of the businesses that can survive in any part of the world. Although the pharmacy industry is highly regulated in Georgia, but the fact remains that it is highly profitable.
7. Law Chamber
If you are a trained lawyer and you want to become your own boss, you should consider establishing your own law chamber. The truth is that there are loads of people you can render legal services to in Georgia. Just ensure that your legal services are affordable to a larger percentage of the population.
Dry cleaning service is yet another small scale business that an entrepreneur can setup in Georgia with little or no stress and with low startup capital. If you are looking to start a small scale business in Georgia, then you should consider starting your own dry cleaning service. It is indeed a profitable business, especially if you are aggressive with your marketing.
If you are looking for a business to setup in Georgia that requires little or no technical skills but yet profitable, then you should consider starting your own fresh fruits mart. All you need to do to get started with this type of business is to ensure that you have a steady source for fresh fruits, and your mart is strategically located in the heart of the city.
The real estate industry is considered to be one of the major contributors to the economy of Georgia and it is still growing. There are many ways an investor can participate in this industry; you can come in as a building contractor or as a real estate agent. The bottom line is that in whichever way you intend coming in to the industry, you stand the chance of making huge gains.
Lastly, the fact that Georgia is one of the easiest countries to start a business in makes it very encouraging for entrepreneurs to setup their own businesses. You should look through all the listed businesses and then make your choice and get started. But if you don’t want to go through the stress of starting a business from the scratch, then you have the option of buying over an already established business.
There you have it; some of the business opportunities available in Georgia.
- How Much Insurance Cost for Self Employed Hairdressers - April 2, 2020
- 9 Best Insurance Policies for Self Employed Hairdressers - April 2, 2020
- Getting HVAC Technician & Contractors License in Connecticut - April 2, 2020