Return on taxi licence investment can be as high as 10%
To invest in a taxi licence, the prospective taxi owner only needs to obtain a business registration certificate and pay a small fee for the licence transfer, unlike investing in a property which incurs expensive stamp duty, brokerage and legal fees. Whereas a $5 million property could generate a monthly rental of between $8,000 to $10,000, monthly rental from taxi investment could be as much as $20,000. Leveraged annual returns can be as high as 10% even in challenging financial times.
