The frozen yogurt industry has been setting its sights on Puerto Rico. The warm weathered island and resort-style living offers business all year round and isn't yet saturated with this frozen dessert which makes it an ideal location to open up a frozen yogurt shop.
Some fast growing franchises are trying to get in on the trend. In the next six months Red Mango seeks to open five frozen yogurt restaurants there. California-based Menchie’s already has a couple locations on the island with plans for expansion.
How to open a frozen yogurt business in Puerto Rico
- You’ll first want to go online and check out the uniqueness of your business name. Go to www.estado.gobierno.pr for an online application for your company’s Certificate of Incorporation. This generally sets your frozen yogurt shops business purposes.
- Apply for an employer identification number with the IRS and the Puerto Rican Department of Treasury. (Form 4809)
- Apply for a municipal business license (patente municipal)
- Within 30 days of opening up shop you’ll need to apply for a business license for the district where you will be doing business. You will be exempt from paying the business license tax during the first quarter you are open.
- Begin collecting all the necessary insurance and human resources paperwork with the Puerto Rican Department of Labor and Human Resources. This includes unemployment insurance, disability insurance, and workmen’s insurance.
- The last application you’ll need to file is your Merchant certificate with the Treasury Department.
Source: doingbusiness.org/
BEST POINT OF SALE SYSTEM FOR FROZEN YOGURT SHOPS
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