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