::: SELIM :::

We welcome your investments in Korea.
We will provide you with the best service.

Incorporation Service

FDI InformationIncorporation ServiceConsulting Service Fee

1. Scope of service
- 1) Check whether the investment falls into restricted categories of business in Korea
- 2) Check whether the investment violates any Korean law which restricts foreign investment (e.g. communication act)
- 3) Check whether the investing country allows its people to make investment in Korea (e.g. China)
- 4) Offering advice on leasing or acquiring the place of business
- 5) Check whether the investment is the subject of foreign investment notification
  ( investment not less than KRW 100 million and acquirement of company’s stocks not less than 10 percent per person)
- 6) Offering advice on the type of investors (individual or corporate investors)
- 7) Required document preparation process (necessary documents differ in CEO’s nationality)
- 8) Inward remittance (after receiving certificate of foreign investment notification)
2. Foreign investment notification and registration procedures
- 1) Decide company’s name
- 2) Organize executive members ( promoter and subscriber)
- 3) Confirm and describe the purpose of business
- 4) Acquisition of foreign–invested company registration certificate from foreign exchange bank

3. Compensation

1) The compensation includes consultation services for foreign direct investment,
foreign investment notification, and business registration process.
2) Basic fee: KRW 1 million (VAT excluded.)

- This fee includes all procedures for foreign corporate establishment with the capital of less than KRW 1billion
3) The cost of registration of incorporation

Estimates of registration fees for corporation establishment in Korea are as follows

Corporate Establishment in an Overconcentration Control Area in Seoul

(Unit: KRW 1,000)

Capital	Registration tax & Education tax	Other taxes	Total
50,000	720	214	934
100,000	1,440	239	1,679
200,000	2,880	289	3,169
300,000	4,320	339	4,659
500,000	7,200	439	7,639
1,000,000	14,000	689	15,089

Corporate Establishment in a Non-overconcentration Control Area in Seoul

(Unit: KRW 1,000)

4. Partner Companies

We partner with competent consulting firms to provide best service with our clients.
They include judicial scrivener office for registration process, patent office for patent acquisition, and law office for legal consultation.