International Franchises in TRNC

Franchise is an agreement whereby one party (the franchisor) grants the other party (the franchisee) the right to represent its interests in a specific territory for a fee (lump sum payments). 

There are several types of franchises in TRNC: in the real estate, catering, clothing, automotive, and other sectors of the economy.

International real estate franchises:

• KW Island (USA) – American franchise, independent office
• ERA home (USA) – American franchise, independent office
• Remax (USA) – American franchise, head office in Istanbul
• Mс Makler (Germany) – German franchise, independent office
• Century 21 (USA) – American franchise, independent office

International franchises in various sectors of the economy:

• Burger King (USA) – American franchise, independent office.
• KFC (Spain) – American franchise with a management office in Spain
• Gloria Jeans Coffees (USA) – American franchise, chain of coffee shops on the island
• Starbucks (USA) – American franchise, chain of coffee shops on the island
• Espressolab (UAE) – Dubai franchise, independent office 
• Mercedes-Benz – official dealer-representative
• BMW center – official dealer representative
• Volkswagen center – official dealer representative
• DHL Express Service (Germany) – German franchise for postal services and express delivery worldwide
• LC Waikiki (Turkey) – Turkish franchise, independent offices
• Lacoste (France) – Swiss franchise, independent office
• BYD (China) – official dealer-representative of the Chinese manufacturer of electric and hybrid vehicles

The terms of the transfer of franchise rights must meet certain requirements in the following areas:

1. population size;
2. per capita GDP;
3. presence of similar franchises on the market;
4. volume of imports and exports of the country.

Thus, the country is actively developing its trade and commercial ties at the business level with various major manufacturers of well-known global brands, using direct SWIFT transfers and participating in all economic relations with major entrepreneurs from various countries, including the United States, Europe, and China.