Azerbaijan was not an economically stable country in the past but ever since the oil-boom in 2005, the economy of the country has been growing constantly. You can also see that Azerbaijan has grown its tourism industry a lot in the last five years. Now because of the increase in tourism many new business opportunities have been created for foreigners. If you want to invest in Azerbaijan then you need to apply for the visa Azerbaijan for business. Having this visa would help you visit the country and look for business opportunities yourself before making an investment plan.
What are the main business opportunities in Azerbaijan?
Here we are going to discuss some of the business opportunities that you can avail in Azerbaijan but before that we would like you to know that you should only invest in sectors which you are familiar with and also in which you have experience. Trying something new is not always a good idea in a foreign country so make sure you stick to your comfort zone while making an investment. Check Azerbaijan visa requirements for businesses before contacting the embassy. The business visa Azerbaijan requirements are different from the tourist visa.
Hospitality and Tourism
Tourism industry is blooming in Azerbaijan and so there are a lot of biz opportunities in this space. You can invest in this industry and build your own guest houses, hotels, rental services and tourism supporting services. You can surely make a lot of return on investment in this industry and that too in a very short amount of time. This is because tourists are coming into the country all round the year. Tourism sector has been blooming since the launch of Azerbaijan online visa facility! You can check out the different types of visa Azerbaijan yourself!
Construction and Real Estate
If you have the business visa Azerbaijan then you can also invest in the construction sector. The real estate industry is blooming all around the world and so you can try your luck here. You can either buy land in Azerbaijan or let it mature or you can also construct houses and commercial buildings. You can work as a construction agent or a property dealer as well. But to work as a professional in this sector you need to get a work permit and business Azerbaijan visum!
Agriculture and Farming
If you have experience in the agriculture industry then you must invest in the farming industry. The most important benefit of investing in this sector is that there is no taxation on agriculture. You can buy or lease agricultural land and grow fruits, vegetables and other crops. If you want to check out agriculture investment in Azerbaijan then you need to check Azerbaijan visas and apply accordingly.
Once you have a business visa Azerbaijan you can check on many other business opportunities other than these. You can also invest in the IT sector and business services but it would take time to make a good will and get return on your investment!