selim

Inquire Now
KOR ENG
Login Register

Selim Tax & Accounting Firm
makes its utmost effort for
the success of our foreign clients
investing in the Republic of Korea.

Incorporation in Korea

home FDI InformationIncorporation in KoreaConsulting Service Fees

Consulting Service Fees

advisory service for foreign company establishment

  • 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 Remarks
    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)
    50,000 240 214 454  
    100,000 480 239 719  
    200,000 960 289 1,249  
    300,000 1,440 339 1,779  
    500,000 2,400 439 2,839  
    1,000,000 4,800 689 5,489  
  • 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.
TOP