When you start a
business in Korea as a COMPANY, there are the document procedure you should go
through.
We provided the "Free Incorporation Service". Click for the detail
We provided the "Free Incorporation Service". Click for the detail
1. Conditions for establishing a company in Korea for foreigners.
(1) Investment : If a foreigner intends to establish a company in the way of FDI (Foreign Direct Investment), the investment amount shall be no less than 100mil KRW(around 100,000 USD) per investor. But a foreigner can also establish a company with less than 100mil KRW, through the non-FDI method.
The investment can be used for the business itself.
(2) Registration tax, etc : It will be around 1.5% of the investment in the case of setting up in Seoul.
(3) Normally it takes around 2 ~ 4 weeks after all of the documents is prepared, to incorporate and to get the business license.
2. The document needed are normally as below, but they can be changed according to the specific case.
If you use our service, we prepare all of the sample document for you to customize easily.
- The document that can prove the investor's nationality
- for the individual investor : ID card and passport
- for the company investor : Court registration or Business license of the investor
- The document that can prove the CEO's identity
- Power of attorney
- Office rent contract (We can help this as well. we supply One-Stop service.)
3. Procedure to establish a company.
We supply the One-Stop service for the whole procedure below.
(1) Notification of foreign investment
(4) Establishing a
company
(5) Business License see detail
(6) Making a corporate bank account, Applying Internet banking & corporate check card.
Transfer of paid-in capital to the corporate bank account. see detail
(7) FDI company registration
(8) D-8 VISA application see detail
(6) Making a corporate bank account, Applying Internet banking & corporate check card.
Transfer of paid-in capital to the corporate bank account. see detail
(7) FDI company registration
(8) D-8 VISA application see detail
(9) Others to manage the company onward
2) Purchase and Sales documents and making receipt book see detail
3) Others to avoid the additional tax see detail
Tel: 02-555-3919 from Korea,+82-2-555-3919 from abroad. Email:energy17jyw@gmail.com
Introduction of Doyoung Accounting corporation
Doyoung Accounting firm has more than 15 years' experience in the foreigner's business setting up in Korea.
Tel: 02-555-3919 from Korea,+82-2-555-3919 from abroad. Email:energy17jyw@gmail.com
3) Others to avoid the additional tax see detail
Tel: 02-555-3919 from Korea,+82-2-555-3919 from abroad. Email:energy17jyw@gmail.com
Introduction of Doyoung Accounting corporation
Doyoung Accounting firm has more than 15 years' experience in the foreigner's business setting up in Korea.
Doyoung Accounting Corporation and Service Group provides a full range of business advisory services.
These services include
These services include
- Incorporation, real estate brockerage, virtual office address service, VISA service
- bookkeeping, VAT filing
- Income tax filing
- Human resource management (payroll, national insurances, individual income tax)
- Management function support service
- Audit and other services; management, information technology and financial advisory services including mergers & acquisitions, business recovery, project finance; business process outsourcing services.
Tel: 02-555-3919 from Korea,+82-2-555-3919 from abroad. Email:energy17jyw@gmail.com
