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Case Study

Subject
How to Set up a Business in Korea
Writer
Manager
Hits
1556
Date
2016-06-20

How to Set up a Business in Korea

Classification

Foreign Direct Investment(FDI)

Branch

Liaison Office

K100M and above

Under K100M

Basic concepts

Legal basis

Foreign Investment Promotion Act *1)

Foreign Exchange Transactions Act

Foreign Exchange Transactions Act

Foreign Exchange Transactions Act

Nature of Company

Domestic Company

Foreign Company

Foreign Company

Scope of Activities

Management activities

Including Sales activities

Management activities

Including Sales activities

Non-Sales activities only

Identity

Separate Identities

Investor and FDI Company

(independent A/C & closing process)

Same Identities

Head office & Branch

(same A/C and closing)

Same Identities

Head office & Liaison

(same A/C and closing)

Company Setup Process

Investment

Capital Fund

Min.

KRW 100 million *2)

Under

KRW 100 million

N/A

N/A

Report

O

(FDI Report)

O

(Report on acquirement of securities

by non-resident)

O

(Branch Setup Report)

O

(Branch Setup Report)

Transfer of

Capital Fund

O

N/A

N/A

Representatives

O

O

O

Board of Directors

  O *3)

N/A

N/A

Registration of  Incorporation

(Office of the Court)

O

N/A

(Branch registration: O )

N/A

(Branch registration: X )

Business Registration

(Tax office)

O

O

N/A

(Certificate of Tax Identification Number)

FDI Company Registration

O

N/A

N/A

N/A

. . .

Please refer the enclosed for more information.


This material is for your reference ONLY, and is NOT subject to release to the others at the cost of charge.
All copyrights on this material are reserved by
Selim Tax-Account Firm.

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