Are you interested in moving to Europe and starting a business there? There are many great countries for starting a business and many opportunities across the continent. However, deciding what kind of business you want to pursue can be daunting. Still, with some research, an entrepreneurial spirit, and careful planning, your dreams of running a successful company in European markets can become a reality.
Most Europeans use cars to get around cities. In 2022, there will be 11,777,885 vehicles registered in the EU and the UK. But over the past 10 years, car services have decreased by 16% – to 52,000 throughout Europe. As a result, Germany and France have a lot of competition for car repair shops. But in rural areas, there are not enough car repair shops.
There are more than 836,000 restaurants and catering businesses in the European Union. However, in cities across Europe, it is getting harder for people who want to work in the food industry to run their own restaurants, cafes, bars, and other catering establishments because rents are rising.
Mobile cafes are a great solution for a catering business. A foreigner can change the location by parking where potential buyers exist: at local events, farmers’ markets, and town squares. Lower overhead costs and expanding the geography of activities allow the author of at least one unique recipe to create a prosperous business in the auto cafe format.
Many people in the European Union use mobile phones, tablets, laptops, and computers. In 2022, almost all young people in the EU will use the Internet every day. So it makes sense that there would be a lot of businesses that fix these kinds of devices. A business project in the field of information and communication technologies can make money for a foreigner. Also, owners of electronics stores have been criticized because people have to wait a long time to repair their devices. So, this is a good opportunity for novice entrepreneurs who can provide high-quality and fast device repairs.
Renting out real estate
Transactions real estate is a good business idea. It means you rent your own home or part of it to make extra money. There are many places in Europe where you can buy real estate for a reasonable price. For example, the average price of standard-type apartments in Riga, the capital of Latvia, is 936 Euros per square meter. The average price for the same type of apartment in Paris, France is 13,135.50 Euros per square meter. People always need a place to live, so renting houses or apartments is a good business. If you buy property cheaply, you can make money quickly.