PoP Mart

PoP Mart, one of the largest collectible toy manufacturers, continues to conquer new horizons. The brand, whose shares are listed on the Hong Kong Stock Exchange, is a leader in the pop culture and entertainment sectors. When it opened its company in Spain, PoP Mart had expanded to over 500 stores in 30+ countries, with 2,300 Robo Shops (automated retail locations). It was actively developing its digital initiatives, including mobile games and themed events.

The company manages a unique intellectual property portfolio featuring iconic characters such as MOLLY, DIMOO, SKULLPANDA, THE MONSTERS, and HIRONO and regularly collaborates with leading global designers and brands. Pop Mart’s mission is to light up passion and bring joy worldwide.

When PoP Mart decided to enter the Spanish market, it contacted other companies in Spain, but none could take on the task within such tight deadlines. However, at Laduchi Consult, we don't just accept challenges; we thrive on them. Our unique expertise allowed us to help with company registration and provide a full range of services to launch the business quickly, instilling confidence in our ability to deliver under pressure.

Challenges that required solutions

• Tight deadlines
  The company formation and all related procedures had to be completed remotely in less than a month. For a large corporation with a complex internal structure, these timelines represented an actual race against time. This required perfect coordination between all parties involved, including lawyers, financial experts, and bankers.
• Full remote team
  The owners are based in China, and all approvals, document signings, and interactions with local Spanish authorities were conducted online. We worked across the time zones of China and Europe, which required maximum efficiency and flexibility.
• Requirements for opening a company bank account with foreign founders
  Spanish banks require strict document verification and identification of business representatives when opening an account with a foreign founder. Due to the founder's remote location and tight deadlines, this task seemed challenging. We addressed the issue quickly, leveraging our experience and established banking contacts.
• High corporate structure standards
  As a publicly listed company, PoP Mart must follow complex corporate procedures, which typically slow decision-making and increase bureaucracy. Despite this, we structured the process to minimize delays and meet all client requirements, ensuring the project was completed promptly.

Steps we took

1. Preparatory phase
   Since the owners were not in Spain and were not residents of the country, our experts:
   • Organized remote receipt of the company owner's tax identification number (NIE) in one business day.
   • Provided a legal address for company establishment.
   • Given that the director of the Spanish company, under expedited registration, must be a tax resident of Spain, we provided the service of a nominee director, which allowed PoP Mart to comply with legal requirements.
2. Company registration
   • The company name was registered in the Commercial Register.
   • Translated and adapted the company documents for submission to the commercial registry.
   • Opened the company online.
3. Opening a bank account
   After completing the company registration, we opened a company bank account—a crucial step in starting operations. Considering the requirements of local banks for foreign owners, we negotiated, gathered, and submitted all the necessary documents, which allowed us to finalize the process quickly and ensure the company's readiness for operational activities.
4. Accounting and financial reporting
   PoP Mart needed to adhere to international financial reporting standards (IFRS). Therefore, we took on the accounting system and provided local tax support to ensure compliance with Spanish regulations.
5. Full online coordination of processes
   We utilized all available tools to speed up the process — electronic signatures, document submission automation, and constant interaction with local authorities. Despite the challenges, we completed all registration stages in record time.

Result: PoP Mart opened its first store in Spain

On November 29, PoP Mart opened its first store in Barcelona — a landmark location where creativity and fashion meet innovation. This store began a significant journey for the brand in Spain, reflecting its ambitions to expand into the European market.

Why is Laduchi Consult the choice of leaders?
Our experience working with major international brands demonstrates that we are ready to tackle complex tasks, even within the tightest deadlines. We don't just open companies — we create platforms for business growth tailored to the local market and client requirements. By choosing Laduchi Consult, you can expect a seamless and efficient process, expert guidance, and a partner who is committed to your success.

The story of PoP Mart is an example of how speed, expertise, and flexibility allow for the realization of ambitious projects, even under strict time constraints. If you want to take your business to the international market, our team is ready to be your trusted partner. Our ability to deliver results quickly and efficiently will leave you impressed and confident in our services.