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So I was thinking of opening a business in Hargeisa, as it has a large population (which PL doesn't have), huge diaspora,
safety (which Xamar and the South lacks) and the people seem like reer magaal. Therefore I was wondering what business
I could set up with around $30 000 USD capital.... not really entering now but its good for the future.

Thanks for the help

Huh?

How much is it to rent office space in the city, does anyone live there?

$30,000 kaliya miskiin intaasi koob shaahana maaha $100,000 ayaan hargeisa waxba kaaga goynayn.

If you set up a gym for the women and swimming pool. You can make lots of money .

KingWaslawi wrote:$30,000 kaliya miskiin intaasi koob shaahana maaha $100,000 ayaan hargeisa waxba kaaga goynayn.

Ik, I was told 30k was base startup cost here in Somalia but Inshallah I'm weighing options.

I heard, in an effort to attract more investors, Somaliland, has now a program in place that would grant foreigners a permanent residence provided they can invest a minimum of $100, 000. Maxaa ka jira warkaas?

You can start a business with that but it all depends on what sort of business.

Some people start with $500. Ilahayba uu barakeeya.

So don't get discouraged.

Thanks all for the help

Don't waste your money sxb! save a bit more first then consider investing your money back home, because 30K is noting unless you want to open a Bakhaar or a carwo; which are not profitable because every farax and xalimo has one in every street corner.

The construction & building material sector is quite profitable but you need at least 100K initial investment. There is a construction boom all over Somalia at the moment due to the relative stability in recent years. However, there is a lot of competition so you need a USP.

Sharmarke91 wrote:Don't waste your money sxb! save a bit more first then consider investing your money back home, because 30K is noting unless you want to open a Bakhaar or a carwo; which are not profitable because every farax and xalimo has one in every street corner.

The construction & building material sector is quite profitable but you need at least 100K initial investment. There is a construction boom all over Somalia at the moment due to the relative stability in recent years. However, there is a lot of competition so you need a USP.

Jazakullah sxb that is seeming the likely road now, everyone is seeming dead-set that 30k is not enough so I guess I have to wait.

You should go there and find out. At least that is what I would do