Post by asadul7171 on Feb 14, 2024 2:20:21 GMT -7
There are more and more foreign entrepreneurs, particularly Latin Americans, who choose the franchise system to work on their own in Spain. Sometimes they do it with a view to residing permanently and legally in our country, and other times because it is an option for them to open a potentially innovative business in their place of origin. This trend is enhanced by the fact that there are more than a thousand brands here with this business model, of which 50% of the franchisees are linked to the fashion, hospitality and food sectors. On the other hand, the Spanish government facilitates residency for foreigners who develop a business. In that sense, the Spanish franchise system has certain peculiarities that must be known and mastered to minimize possible investment risks. Legally, for example, there are some issues that must be taken into account since each CCAA may have specific requirements for its installation in the area. In terms of registration, you can start a business as an individual or by creating a commercial company. The choice between one figure and another will depend on both legal and tax factors.
The ideal is to be clear about the desired business model, as well as your own objectives, capital and tastes. What are the most profitable franchises today? It was previously said that one of the most profitable franchises in our country is concentrated in the gastronomic sector. Strictly speaking, the hospitality and food industry are currently leaders in this business model. As general characteristics, food is the most demanding sector in investments and is dominated by leading distribution brands. In hospitality, the location of Dubai Email List the premises is a priority, which is why contracts have geographical exclusivity clauses so that another premises are not opened in an area where another already exists. For its part, the sector of services to companies or individuals are the least demanding in terms of investments and permanent personnel. What does investing in profitable Spanish franchises require? In general, except in contracts with large brands, negotiations are permeable to preserving the interest of the parties, although respecting certain requirements. The first of them is linked to the validity of the contract, which is usually signed for a period of between 3 and 5 years, or up to a decade at most. To begin this process, questions such as: Have a Tax Identification Number (NIF) and the registered trademark on which you want to franchise.
The franchise fee. Its amount is very varied and depends on the opportunity, the consolidation of the brand, the purchase of product from the headquarters, etc.; The clause for exit from the chain or termination of the contract. This, in turn, must detail the costs involved or, in the case of having reached the end of the agreement, the conditions, procedure and costs to extend it. The Value Added Tax (VAT) . 21% must be taxed on the investment made, although the company may later deduct it when it obtains profits. Training conditions. Initial training is included in the entry fee, but transfers and maintenance (per diem) must be added to this. Advertising fee. It is paid into a common fund that is used to attract the public of interest in all the franchise locations. Beyond these items, it is understood that the costs of renovation or adaptation of the premises are normally borne by the person requesting the franchise. Let us remember, however, that this is essential to adapt the place to the particular characteristics of the business and its positioned image.
The ideal is to be clear about the desired business model, as well as your own objectives, capital and tastes. What are the most profitable franchises today? It was previously said that one of the most profitable franchises in our country is concentrated in the gastronomic sector. Strictly speaking, the hospitality and food industry are currently leaders in this business model. As general characteristics, food is the most demanding sector in investments and is dominated by leading distribution brands. In hospitality, the location of Dubai Email List the premises is a priority, which is why contracts have geographical exclusivity clauses so that another premises are not opened in an area where another already exists. For its part, the sector of services to companies or individuals are the least demanding in terms of investments and permanent personnel. What does investing in profitable Spanish franchises require? In general, except in contracts with large brands, negotiations are permeable to preserving the interest of the parties, although respecting certain requirements. The first of them is linked to the validity of the contract, which is usually signed for a period of between 3 and 5 years, or up to a decade at most. To begin this process, questions such as: Have a Tax Identification Number (NIF) and the registered trademark on which you want to franchise.
The franchise fee. Its amount is very varied and depends on the opportunity, the consolidation of the brand, the purchase of product from the headquarters, etc.; The clause for exit from the chain or termination of the contract. This, in turn, must detail the costs involved or, in the case of having reached the end of the agreement, the conditions, procedure and costs to extend it. The Value Added Tax (VAT) . 21% must be taxed on the investment made, although the company may later deduct it when it obtains profits. Training conditions. Initial training is included in the entry fee, but transfers and maintenance (per diem) must be added to this. Advertising fee. It is paid into a common fund that is used to attract the public of interest in all the franchise locations. Beyond these items, it is understood that the costs of renovation or adaptation of the premises are normally borne by the person requesting the franchise. Let us remember, however, that this is essential to adapt the place to the particular characteristics of the business and its positioned image.