Lebanon is a country located on the eastern shore of the Mediterranean Sea. It consists of a narrow strip of territory and is one of the world’s smaller sovereign states. The capital is Beirut.
The Lebanese economy was characterized by a minimum of government intervention in private enterprise combined with an income- and profit-tax-free environment.
Although imports far outstripped exports, elements such as tourism and remittances from labourers working abroad helped balance the trade deficit. Income was generally on the rise, and Lebanese products were finding a place on the international market.
Despite Lebanon’s uneasy economic recovery, its economy remained resilient in the face of the 2008 global economic recession. See Profitable Business Ideas in Iran.
Increased domestic security contributed to investment and growth, while its small export base insulated the economy from the global downturn. From 2007 to 10, gross domestic product (GDP) growth averaged 8 percent.
In this article, I will be showing the Profitable Business Ideas in Lebanon that will thrive well in the economy of the country.
Therefore, if you living in this country and you are looking for what to start doing, make sure you read this article carefully till the end for important information.
Best Business Investment Opportunities in Lebanon
The following are the most profitable Business Ideas in Labanon:
1. Night Club Business
Beirut which is the capital city of Lebanon can boast of a very rich and robust night life that is just basically why there are appreciable numbers of Night Club in the city. Establishing a Night club in Beirut is indeed a profitable business enterprise.
So if you intend to establish a business in Lebanon, you may want to consider starting a Night Club. All you need to worry about is the security of your customers.
Once you put in place the right security measures, you wouldn’t have to worry about clients trooping to your night club every night. No doubt if your night club is properly managed, you will reap good returns on your investment.
2. Car Rental Service
Car rental service is another thriving business in Lebanon; you can establish your car rental company in any of the cities in Lebanon and can rest assured of making huge returns on your investment.
Most people running this kind of business prefer establishing their company in Beirut rather than other cities because of the high patronage they stand to get in Beirut.
3. Home Tutors Service
Education is taken seriously by all stakeholders in Lebanon. The government and even each family in Lebanon ensure that they place high premium on education.
So, if you are a teacher and you are looking towards running a business on part–time basis, then you should consider establishing your own home tutor service. If you are good in math or sciences you will be in high demand in Lebanon.
4. Fruit Farming
The soil composition in Lebanon is highly suitable for the cultivation of fruits like peaches, apples, lemons and oranges. Hence, if your intention is to build a business in the Agric sector, then you should consider starting your own fruit farm.
It is indeed a profitable venture and you are sure of getting a bountiful harvest year after year. The market for fruits cultivated in Lebanon is large; it comprises both the local market and the international market.
5. Juice Production Company
The fact that you can get varieties of fruits at a cheaper rate in Lebanon makes it ideal to establish a Juice Production Company.
One of the challenges fruit farmers face in Lebanon is the preservation of their fruits. You would be at an advantage when you establish your own juice production company in Lebanon.
The cost of running this kind of business in Lebanon, especially in the outskirts of town is cheap and the market is not restricted to Lebanon alone; you can export your juice to other countries especially neighboring countries like Syria.
6. Financial Consultancy
If you are a financial expert, you will do well in Lebanon as a financial consultant to business. This is so because Lebanon has loads of small businesses that can’t afford to employ professionals such as accountants and internal auditors.
So as a financial expert in Lebanon it will pay you to be your own boss by establishing your own financial consultancy business.
7. Bakery and Confectionery Business
Bakery and Confectionery Business is yet another flourishing business in Lebanon. The good thing about this kind of business is that it enjoys patronage from every household in Lebanon.
Even if you are not a trained baker and you intend to establish your own Bakery and Confectionery Business, it won’t cost you more than a month to learn the trade. The training is easy and affordable.
8. Door to Door Courier Service
Door to Door Courier service is a unique business in Lebanon. All you need to do to gain people’s trust in this kind of business is to prove over and over again that you are reliable by meeting every delivery target given to you by your clients and also ensuring that you avoid missing parcels.
If your clients complain of missing parcels in transit, then it won’t be long before you go out of business. Just make sure you employ only trustworthy and efficient dispatchers.
9. Chocolate Manufacturing Company
If you have an interest in establishing a factory in Lebanon, then you should consider establishing a chocolate factory.
Chocolates are widely consumed in Lebanon and if you are in this line of business, you would sure make good returns on your investment.
10. Restaurant and Bar
Restaurant and Bars is yet another thriving business in Lebanon. Recent statistics indicate that Japanese account for the largest number of visitors to Lebanon, so all you need to do to leverage this statistic is to add Japanese cuisine in your menu list.
Although the majority of Lebanese are Muslims, but they don’t have any problem if alcoholic drinks are sold in their country.
Challenges of doing business in Lebanon:
Before investing in business opportunities in Lebanon, let us take a look at some of the challenges that you can encounter while running your small business in the country.
Lebanon is located in a hotspot of conflicts.With the Israeli-Palestinian issue on one side and the Syrian conflict on the other.
The spillover effects of these burning issues keep affecting small businesses in Lebanon. There is nothing much you can do about it except for a grin and bear it attitude.
Lebanon is a small country with a small population. You have to keep this in mind. Your business in Lebanon can boom, but it can grow only up to a certain level.
The market size will be an inherent handicap. The economy is also services-oriented, so if you are thinking of setting up a manufacturing facility, please do a thorough analysis of it.
Small business opportunities in Lebanon are subject to limitations. The startup business opportunities are there, but the scale will remain small. See Profitable Business Ideas in Germany.
Corruption and red tape
Lebanon is among the 50 most corrupt countries in the world. Public officials are generally corrupt and incompetent. You can also expect bottlenecks and slow working while dealing with government departments.
All these things negatively affect doing small business in Lebanon and various business opportunities there.
I hope you have found this article helpful. In case of any other questions about Profitable Business Ideas in Lebanon, kindly make use of the comment section below this article.