the establishment of a Korean corporation expand_more
Business license
Conditions of Establishment of Korean corporation
- Capital: In principle, there is no cap on capital. However, if the representative does not have an alien registration card, the recommended capital is 100 million won. This amount is remitted to Korea in dollars from abroad and converted into won according to the exchange rate on the day of reporting foreign investment.
- Investor: It may be an individual or a domestic or foreign company. Individuals must provide copies of their passports and identification cards, and companies must provide copies of their business registration cards and shareholder registers.
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Number of people required to establish the company:
1) Co., Ltd.:
At least 2 persons: Representative Director (Director is a natural person) and auditor (not allowed to hold shares. directors are not allowed).
Shareholders may be natural persons or companies.
If there are multiple directors, one person shall be appointed as the CEO, and the CEO does not have to hold shares.
2) Limited Company:
at least one person
The advantage of a limited company is that it does not require an audit when it is established. One person (CEO) can also register the company. -
Matters concerning the establishment of the company:
1) Address is required when registering as a corporation, and it is possible to act on behalf of it.
2) Before incorporation, check whether the company name is duplicated.
All contents of Registraion
border_colorestablishment procedure
- delegation contract
- Notarization and certification of CEO
- capital remittance
- Foreign investment report
- court registration
- Business license application
- Opening a bank account (online banking, foreign currency account, joint certificate)
border_colorThe time required
Notarization in China takes about 30 to 40 days.
It takes about 20 days from the start of court registration to the opening of a bank account.
border_colorFAQ
- Q: What documents do you get after starting your company?
- A: 1) a copy of the corporate register, 2) a business registration card, 3) a company seal card, 4) the articles of incorporation, 5) a shareholder list, 6) a company bankbook, 7) a company seal
- Q: Is it possible to establish a company without foreigners coming to Korea?
- A: It's possible. All you need is a copy of the agent's passport and ID. Investor or company information is required.
Introduction of Korea Investment Visa expand_more
Foreigner's registration card (investment visa, back)
Foreigner's registration card (investment visa, back)
border_colorType of D8 investment visa
- Individuals directly establish and operate corporate companies in Korea (D8-1 visa)
- An overseas corporation establishes a corporation in Korea and dispatches managers and experts (D8 dispatch visa)
- Foreigners invest in Korean corporations and become co-representatives to manage companies (D-8-3)
border_colorthe process of D8 visa
- Foreign investment report
- Foreign Investment Remittance to S. Korea
- Registration of incorporation
- Business license
- Foreign Investment Company Registration Certificate
- D8 Visa Application
- D8 Visa issuance
- alien registration card
border_colorSubmission documents
- application form, copy of passport, photo
- Copy of Foreign Investment Application Form
- Foreign Investment Company Registration Certificate
- Business license
- Certificate of all registered matters
- Statement of changes in shareholders
- Various evidentiary documents for investment
- Dispatch instructions or certificates of employment(investing in overseas corporations)
border_colorBasic Conditions
- Individuals transfer more than 100 million won in capital from abroad to Korea under their own name and establish a corporation
- An overseas corporation transfers more than 100 million won in capital from abroad to Korea and establishes a corporation
Immigrant Investor Scheme for Public Business (IISPB) expand_more
Foreigner's registration card (IISPB, front)
Foreigner's registration card (IISPB, back)
border_colorIISPB(1.5 billion won)
- Amount invested:
- more than 1.5 billion won
- How to:
- Investment in interest-free principal-guaranteed public funds through banks
- Conditions:
- Retained the fund for more than 5 years
- Benefits:
- In addition to the applicant himself, spouses and unmarried children can also obtain long-term residence qualifications (F-2 visas) that can receive national treatment in business, employment, study, and residence.
- Processing procedure:
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- STEP 01 Pre-examination
- STEP 02 Select a fund and send money
- STEP 03 Acquire F-2 Visa
- STEP 04 Acquire permanent residency (F-5 visa) after 5 years
Introduction to e-commerce in Korea expand_more
Purchase safety service usage confirmation certificate
ebusiness report card
border_colorOnline Store Registration Procedure
- Acquisition of a Korean business license (corporate or private company)
- opening a bank account
- Buy your cell phone number
- Specify the sales platform COUPANG or NAVER STORE and apply for an account
- Preparation of purchase safety service use certificate
border_colorApplication for mail order business
Enter the online store platform you want to register for All times take about 60 to 70 days.
border_colorFAQ
- Q: What documents do you get after completing the process?
- A: 1) a copy of the corporate register, 2) a business registration card, 3) a company seal card, 4) the articles of incorporation, 5) a shareholder list, 6) a company bankbook, 7) a company seal
- Q: Can I get a Korean mobile phone number?
- A: You can get a mobile phone number with the company name. we can act on behalf of you.
- Q: Can I apply for an online sales license?
- A: You can apply for an online sales license as an agent. You must have this qualification to open an online store in Korea.
- Q: My online sales license was registered on December 27th, I paid the registration and license tax on January 3rd, and I received a payment notice in mid-January. I wonder why.
- A: There are two types of registration and license taxes: the registration and license tax that you pay when you apply for a license and the registration and license tax that you pay regularly. Registration and license tax, which is paid regularly, is imposed on January 1st every year as the tax base date. You have to pay by January 31st. (Article 35 of the Local Tax Act [Reporting and Payment, etc.])
- Q: Your online sales license has been terminated as of January 2. How do I pay my taxes?
- A: The base date for the registration and license tax is January 1st every year. Therefore, the license acquirer must pay the registration permit tax from January 1st, and even if it is closed on January 2nd, the registration permit tax for the year it was closed.
