We are helping foreign investors and foreign companies (head offices) with incorporation
of foreign-invested companies and establishment of branch offices.
Incorporation of Foreign-invested company
A corporation which is
established in Korea by a foreign individual or a company shall be
regarded as a Korean corporation and be governed by the laws such as the
Foreign Investment Promotion Act and the Commercial Act. For the
establishment of a corporation, at least KRW
50 million (USD 50,000 approximately) of capital is required as stipulated
in the Commercial Act. Unlike incorporation a foreign-invested company
in Korea, no minimum capital is required for the establishment of a branch office in Korea.
Required documents for incorporation may vary
depends on the number of foreign national director(s) and auditor and
whether the investor is an individual or a company. We will provide you
the templates of required documents if you inform us the following:
|
- Name,
address of investor(s) |
|
- Name,
date of birth, address of director(s) and auditor |
|
- Name,
address of
the company to be incorporated in Korea |
Incorporation procedures are summarized as follow:
- Notification of FDI (Foreign Direct Investment)
- Carrying-in of FDI capital
- Registration of incorporation
- Business
registration
- Account transfer of investment capital
- Registration of
foreign-invested company
Once the capital is carried in and required documents are received, it takes
normally around 10 working days to finish the incorporation of a
foreign-invested company.
Branch Establishment
Required documents for establishment of branch may vary depends
on whether the representative of branch is a foreign national or a Korean. We
will provide you the templates of required documents if you inform us
the following:
| - Name, address, and nationality of head office |
| - Name, date of birth, address of representative of
branch to be established |
| - Address of the branch office to be established |
Establishment procedures are summarized as follow:
- Either notification to a foreign exchange bank or approval from Ministry of
Finance and Economy based on the type of business
- Branch registration
-
Business registration
Once the required documents are received, it takes normally around 10 working
days to finish the establishment of a branch office.
|
