Getting a business license in South Korea.

To get a business license in South Korea, you or your agent should go to the tax office with the document below. It takes within 3 days to get it but you can get it immediately in some cases, which depends on your business type.

Applying "Internet banking" and "corporate check card", and Transfer of the paid-in capital.

After setting up the business bank account, every business entity had better join "Internet banking" and get the "corporate check card" from the bank.

These are not only for the convenience of operating a business, but also for the purpose of tax.
That is to say, joining Internet banking can make you get the "electronic certificate" for your tax invoice, and getting the corporate check card can make you prepare the "proper document" for your tax deduction.

Foreign Direct Investment(FDI) Incentives in Korea (2)

I already explained the tax support for foreign direct investment(FDI) in Korea earlier.
This posting is about Cash Grant.

Foreign Direct Investment(FDI) Incentives in Korea (1)

There are many incentives for Foreign Direct Investment(FDI) to Korea. If you establish a company in Korea and run your business, you can take the benefits for it. Here the details are.

Joining "Home tax system" and "Electronic tax invoice system" in Korea

Every business entity should join several online system of authorities for the business purposes. They are as below.

For the movement of a company's main office in Korea.

I listed up the documents for a company’s movement of main office and addition of the business type.

Telemarketing business declaration in Korea.

If you want to run the internet business in Korea, you should declare it to the authority, otherwise you shall be imposed fine or business suspension. We call it “telemarketing business”.

Incorporation service for FREE in Korea.

There are several types for starting business in Korea as below.

• Corporation         
• Branch office      
• Liaison office      
• Private business   

    (For the detail process, click one of above.)

개인사업자의 사업용계좌 신고와 사업용카드 등록

개인사업자의 경우 사업용계좌와 사업용신용카드를 홈택스나 현금영수증 사이트를 통하여 등록하는 절차가 필요합니다.

Direct money remittence is needed to establish a company in Korea.

To establish a foreign invested company, a foreigner should invest minimum KRW 100mil (around USD 100,000) directly from his/her bank account to another bank account in Korea, which is a "temporary bank account on the name of the investor"