Set Up Business in Afghanistan And Be Part Of Its Rekindled Natural Beauty
In Afghanistan, business opportunities are largely driven by the country’s need to renovate its infrastructure that has been weakened by the years of war and neglect. Agriculture remains one of the country’s strongest market drivers, holding significant opportunities for agribusiness, agriculture distribution, and infrastructure. Here are some other reasons why investors should set up a business in Afghanistan:
Available Industries for Exploration
Investors will be able to make the most income in Afghanistan within the agriculture sector. Corn, barley, fruits, and nuts are among the main food produced in the country. Afghanistan’s economy relies on pastoral raw minerals and natural resources such as minerals, raw stone, and natural gas to power the economy. Companies which intend to operate in these sectors will require a license to do so.
Dynamic Service Subsectors
Services have contributed to approximately half of the country’s GDP output, thanks to the most dynamic service subsectors. These include information and communications, technology, finance and insurance, transport and construction. Afghanistan’s economy continues to grow, and it extends to achieve compliance status with the Extractives Industries Transparency Initiative (EITI). This is the Afghan government’s way of sending a strong and positive signal to entrepreneurs out there.
Several Opportunities for the Taking
Being a country freshly out of the war, the absence of certain amenities has created a wealth of entrepreneurial opportunities in Afghanistan. Basically, all investors should take a chance and set up a business with a solid business plan in place, while at the same time being able to do their part helping the country rebuild its economy.
Located Close to Major Markets
One thing Afghanistan has on its side is being in close proximity to two major markets, which are China and Russia.
Low Corporate Tax
Afghan’s corporate tax is relatively low at 20%, and the government focuses on improving the business competitiveness of the economy. At present, there are several business incentives which can last over the next few years. These opportunities can attract investors who wish to set up business in Afghanistan.
A Recovering Economy
From 2003 to 2015, the Afghan economy experienced an annual GDP growth rate of over 11%. This is a testament to the wealth of business opportunities that are available in this recovering economy for the savvy entrepreneur with the right business idea in mind.
Incorporate a Company with No Minimum Capital
A company can be set up in Afghanistan with one director and one shareholder in place. Both can be of any nationality. Although the government doesn’t mandate a minimum share capital to set up business in Afghanistan, there are still certain requirements to fulfill. Investors must still deposit a certain amount commiserating with the demands of their project.