Establish a Company in Korea - 3E Accounting Will Assist You Wholeheartedly

Incorporate Company in South Korea for the Great Beginnings

Register a Company in Korea If you are looking for an investment with fresh ideas and perspectives, Incorporate Company in South Korea.

As a foreigner, there are a few conditions you must follow to incorporate company in South Korea.

Investment:

It is particularly necessary that your investment amount must be no less than 100,000 US Dollars if you wish to establish a company as an FDI (Foreign Direct Investment). If you are looking to establish a company through the non-FDI method, you could start with a lesser amount. The investment could be used for the business itself and is not locked in. Therefore it is a good option for established companies looking for expansion.

Registration Tax:

In order to register your company in South Korea, you need to pay a certain sum of money as Registration tax. This amounts to around 1.5% of the investment. This may, however, vary from city to city or region to region.

Time Taken:

for all the documents to be prepared and filed, it could take up to 4 weeks time. This time period is sufficient to incorporate Company in South Korea as well as get the license of the business. The documents required are:

Investor’s ID card and Passport
A business license in case of a company investor
Proof of CEO’s identity,
Power of attorney

These documents can be prepared and filed with the help of our agents and resources.

Office Rent Contract:

Another important document required is the Office which you are renting for your business in South Korea. You must register the address of the office for the purpose of any official communication. Our agents can help you in getting this done from your home location without much ado.

Bank Account:

As mentioned above, you need to invest an amount in your business to get started with. For this purpose, you will require a bank account at a local bank in South Korea. We can help you in choosing and securely opening such an account for your business transactions. Once you transfer your investment fund, and all the documents are in order, you can start carrying your business almost immediately. To Incorporate Company in South Korea, You may also need to apply for internet banking and a corporate check card, as you might be operating the business from abroad. We can also help you with other procedure such as applying for VISA, accounting and filing tax returns, documentation and other such activities to get you started.

Payroll:

Once your business is up and running, you will require strong assistance in Human Resource management. Our services will also help you screen, hire and manage the new recruits in South Korea. We can also help in the transition of existing resources to South Korea, by familiarizing you with Income Tax filing, Insurance for Individuals etc.

It can usually take up to 4 weeks to complete the process of establishing a company in Korea and obtain permission for the business. However, don’t worry, 3E Accounting has a professional team that will assist you with all the procedures required to set up a company. For more information, please contact us.