According to Maroun Aoun, CEO of the organisation, the increase is due to relatively new possibilities for immigrants to get financial backing and counselling.
“There have been a number of changes to help migrant entrepreneurs. One main factor is that people are starting to see possibilities through their own ethnicity… for example import or export to their home countries,” he told newspaper Svenska Dagbladet.
But there is still a problem for many immigrants to get financial backing from a bank or a company and many chose to borrow money from families and friends.
Figures from the Swedish Agency for Economic and Regional Growth also show that businesses owned by immigrants contribute to the economy both via taxes and job opportunities.