Rental Services in Cyprus
The rental services sector is a popular choice for new and young entrepreneurs in Cyprus. The local economy experienced rapid growth in the early stages of 2016, primarily driven by the thriving tourism industry. The property rental market in Cyprus, both residential and commercial, presents an opportunity for positive financial outcomes. Monthly rental prices for residential properties range between EUR 430 and EUR 1200.
Consultancy Services in Cyprus
Cyprus is an attractive educational destination for international students, as local universities offer English-taught courses. Establishing a consultancy company in the field of education can assist students with various aspects, including admission and enrollment in local universities, as well as accommodation arrangements. A consultancy business in the education sector holds great potential as a startup venture.
Travel Agency in Cyprus
Setting up a small company providing travel services for local and foreign visitors is recommended, as the tourism industry is one of the most significant contributors to the local economy. In 2015, the island welcomed approximately 2.7 million tourists, with projections for 2016 indicating further growth. Our team of Cypriot business incorporation agents can provide more details on obtaining a business license in this field.
Web Design & Web Hosting Business in Cyprus
The internet has become a powerful tool for starting businesses. Nowadays, a substantial number of small and large companies operate online through websites, creating a demand for web design services. Professionals in web design can capitalize on this trend by offering their services to individuals and legal entities interested in establishing websites for various purposes.
Auto Repair Business in Cyprus
Individuals with extensive experience in the automotive industry can start a small business providing various services to car owners in Cyprus. Notably, Cyprus has a high rate of car ownership compared to its population size, making it a favorable market for auto repair services.
Freelancing
Freelancing has become a popular entrepreneurial avenue, offering instant and lucrative returns without the hassle of managing a team. Many Cyprians, particularly the younger generation, are engaging in freelancing and earning a significant income. This self-employed activity requires minimal capital investment, with a computer and internet connection being the primary requirements. Expertise in fields such as content writing, blogging, design, SEO, data entry, photography, and more can be leveraged through freelancing platforms to start your own venture.
Poultry Farming
With a population of 186 million, Cyprus has a significant need for food production. Poultry farming is a business that ensures returns, albeit with substantial capital investment. With restrictions on imports of live and frozen birds, the prospects for poultry farming have become more promising than ever. This opportunity may be enticing yet challenging for young entrepreneurs venturing into the industry.
Fish Farming
Similar to poultry farming, fish farming offers promising returns. Cyprus is a key supplier of catfish in the region, making the fish farming business highly prosperous. Although fish farming projects can vary in size and capital requirements, adequate knowledge and training are essential for success in this industry.
Birds and Fish Feeds
As the demand for poultry and fish farms increases, so does the need for quality feeds. Locally produced feeds, utilizing readily available ingredients, can cater to this demand. If you are a livestock nutritionist, you are well-positioned to start this business immediately. Otherwise, you can explore importing feeds or becoming a local distributor.
Packers and Movers
This business is gaining momentum as the economy progresses. As people become busier, they outsource services they can no longer handle themselves. By offering packing and moving services, along with handyman services, you can create a fulfilling business venture. Maintaining dedicated personnel in your workforce (or hiring on an as-needed basis) and acquiring vehicles for transportation are essential for this business.
These are just a few small business ideas in Cyprus that can attract new entrepreneurs looking to establish their ventures in the country. With careful planning and implementation, Cyprus offers numerous opportunities for aspiring business owners.
business opportunities.
Are you considering starting a business in Cyprus? Here, we will explore some of the most lucrative business opportunities available in Cyprus that can be initiated with low investment.