Franchise Development Strategy
A franchise expert will help develop the full franchise package. The program aims to encourage small and medium-sized companies and local brands to grow globally.
BENEFITS
- Enhanced Brand Recognition: Franchising enables businesses to expand their brand presence across multiple locations, significantly increasing brand recognition and consumer awareness.
- Revenue Growth: Through franchising, businesses can generate additional revenue streams via franchise fees and royalties, thereby substantially boosting the company's overall financial performance.
- Accelerated Market Penetration: Franchising allows businesses to swiftly and effectively enter new markets and regions, leveraging the local knowledge and expertise of franchisees to establish a strong market presence.
- The grant value is up to 70% of the total cost.
THIS SERVICE INVOLVES 3 PHASES:
Frequently Asked Questions
What are the requirements?
• Valid ID
• Valid CR
• Audited Financial Statements for past year
• Additional information equirements form
• Valid CR
• Audited Financial Statements for past year
• Additional information equirements form
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What are the eligibility criteria?
• All sectors are eligible except (Real estate, construction and Trading*)
• Applicants must successfully pass the Franchise Readiness Audit (Phase 1) to be eligible for Phase 2 and/or Phase 3
*For trading businesses, the support will be given only if the revenue of the company is divided into trading activities and services activities, in which the services activities compromise of at least 30% of total revenues.
• Applicants must successfully pass the Franchise Readiness Audit (Phase 1) to be eligible for Phase 2 and/or Phase 3
*For trading businesses, the support will be given only if the revenue of the company is divided into trading activities and services activities, in which the services activities compromise of at least 30% of total revenues.
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