An increasing number of migrants are setting up companies

Whether it’s a tailor’s shop, hairdresser’s, grocery shop or pharmaceutical start-up: people with a migrant background have an entrepreneurial spirit. This is the result of a study conducted by the state-owned development bank KfW. It collects data on business start-ups every year. According to the study, migrants* established about one in four start-ups in 2019 – 160,000 of 605,000 start-ups in total. Around one third of the migrants who set up their own businesses did not necessarily want to become self-employed. The trigger for the so-called emergency start-ups was their significantly worse chances on the labour market. Moreover, 19 percent of the migrants considered themselves very willing to take high risks according to the study. Only about 13 percent of employed people think of themselves this way. A third aspect is that 61 percent of the migrants had positive role models in their environment, as they had self-employed relatives or acquaintances.

*Migrants include all people who do not have German citizenship or have not had it from birth.

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