韩国公司注册

Korea Company Registration

One-stop enterprise service platform, from company registration to tax compliance, the whole process for your escort

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What are the advantages of registering a Korean company?

Huge consumer market

With a population of about 52 million, Korea has a strong consumption capacity and huge market potential. Registering a Korean company can directly target local consumers, expand market share and enhance brand influence.
Convenient international trade

Channel Korea has signed Free Trade Agreements (FTAs) with several countries, providing a wide space for companies to engage in international trade. By registering a Korean company, you can enjoy preferential treatment such as tariff reductions and exemptions, which reduces trade costs and enhances international competitiveness.
Excellent business environment

Businesses registered in Korea cover almost all industries, including trading, e-commerce, manufacturing, consulting services, and financial asset holding. There are also no restrictions on foreigners registering Korean companies to open corporate accounts (both in Korean and US dollars) at major banks in Korea. In addition, China and South Korea have signed a free trade agreement that allows most goods imported into South Korea to apply for import tariff refunds, while some import and export of goods require licenses.
Strong policy support

The Korean government has developed a series of policy support measures to attract foreign investment and promote economic development. These include the provision of financial support, low-interest loans, and sites. Preferential policies for return investment are available. And there is no need to apply for import and export rights; Korean companies have import and export rights once they are registered.

What are the requirements for registering a company in Korea

company identification

It must be in Korean, but it can be in a foreign language. Generally, business cards or English company names can be used, but business licenses are marked with Korean company names only.
registered capital

The minimum registered capital for a foreign investor to register a corporation is 100 million won (approximately RMB 600,000), which needs to be remitted to Korea from overseas, at the same day's exchange rate at the time of registration.
Shareholders and Directors

Individuals or domestic or overseas companies. Individuals need to provide a copy of their passport, a copy of their ID card companies need to provide a copy of their business license.
Company registered address

If you need a local registered address in Korea, we can assist in providing it.
Scope of business

There are certain restrictions on the scope of business for foreigners running a business in Korea, depending on the circumstances.

What are the types of companies registered in Korea

limited liability company

joint-stock company

Partnerships

arm

representation office

limited liability company

Registered more business types. Minority-owned company with a maximum of 50 shareholders. Shareholders are not liable for any debts or obligations incurred by the company and their liability is limited to their share capital. There are very few requirements to open a limited liability company in Korea, at least one director of any nationality can open it, and the recommended registered capital for a Korean limited liability company is starting at 1,000,000 KRW.

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joint-stock company

It is the most common business entity in Korea and a popular business entity for foreign investors to set up subsidiaries in Korea. It is a type of business entity that allows for the public issuance of stock. In a joint stock company, shareholders have limited liability to the company, and their liability depends on the amount of their capital investment; in addition, shares are freely transferable with the approval of the board of directors. Therefore, a shareholders' meeting must be held at least once a year.

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Partnerships

A partnership is a business structure in which two or more people work together and distribute all profits and losses from the business. There are three types of partnerships in Korea, namely the general partnership (Hapmyeong Hoesa), the limited partnership (Hapja Hoesa) and the limited liability partnership (Hapja Johap).

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arm

If you want to expand into the Korean market, a business can open a branch of a foreign company in Korea. Since the branch is an extension of the parent company, it can only perform business activities similar to those of the parent company. Therefore, the parent company is fully liable for all debts incurred by the Korean branch. In addition, there is no limit to the amount of investment or ownership.

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representation office

Many foreign trade business owners start with a representative office (also known as a liaison office) because of its simple registration procedures. Representative offices are for foreign investors who do not intend to conduct business in Korea. Representative offices are not allowed to conduct commercial activities or generate revenue in Korea, such as selling goods or services. They may conduct non-commercial activities such as market research and R&D.

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Basic information to be prepared

1. Information on shareholders and directors

Proof of identity, proof of residential address, and a description of the proportion of shareholders' contributions and the manner in which they are contributed.
2. Articles of Incorporation

Name of the company, purpose, scope of business, composition and powers of the shareholders' meeting and board of directors, etc.
3. Office lease contract or proof of address

It needs to be an actual office location, with a copy of the lease contract or proof of ownership.
4. Other supporting materials

Depending on the circumstances, bank references, resumes of shareholders and directors, and industry credentials may also be required.

Registration time: about 5 working days

1

Step 1

Decide on the type of company

Choosing the right type of company for your business needs
2

Step 2

Name Confirmation

Submission of a request for confirmation of company name to the Korea Chamber of Commerce and Industry (KCCI)
3

Step 3

Preparation of necessary documents for submission

Preparation of relevant legal documents and information according to the chosen type of company
4

Step 4

Registered Address Selection

Choosing an office location that suits your company's business
5

Step 5

Obtaining a business registration certificate

Application to the Korean District Court to obtain a business registration certificate
6

Step 6

tax registration

Tax registration with the National Tax Office after obtaining a business registration certificate
7

Step 7

Opening of bank accounts

Opening of a bank account in the name of the company and commencement of business activities

Q&A Frequently Asked Questions

1. Do I have to move to Korea to open a local company?

Not required, but the conditions for setting up a Korean company include the appointment of at least one supervisor, who must be a legal resident of Korea and can also be a Korean resident visa (F-2,F5) holder.

2. What is the Korean corporate tax rate?

Companies operating in Korea, regardless of whether they are Korean residents or not, are subject to tax on their Korean-sourced income, as well as on income remitted to Korea from foreign countries. For companies with legal entities, the Korean government will impose a sales tax (VAT) of 101 TP3T on their corporate sales streams and a tax rate of 101 TP3T on their earned profits (Profits Tax).

3. What are the common types of registered Korean companies?

The most common types of companies in Korea include limited companies (유한회사, Yuhanchaek-im Sa) and joint stock companies (주식회사, Jusik Hoesa). A limited company is suitable for small and medium-sized businesses, while a joint stock company is suitable for large corporations or companies that intend to go public.

More products and businesses are being updated, for more information please Contact Customer Service

More products and businesses are being updated, for more information please Contact Customer Service

What are the advantages of registering a Korean company?

What are the requirements for registering a company in Korea

Basic information to be prepared

Registration time: about 5 working days

1. Do I have to move to Korea to open a local company?

2. What is the Korean corporate tax rate?

3. What are the common types of registered Korean companies?