· Youhan Hoesa (LLC, A. Cap. From KRW 10,000,000 (~ USD11,000), 1 to 50 founders and 1 director) director and founder may be non-residents.
· Chusik Hoesa (JSC, A. Cap. From KRW 50,000,000 (~ USD 51,000), from 1 founder, from 3 directors; with an authorized capital of less than KRW 500,000,000, 1 or 2 directors) director and founder may be non-residents.
· Representative / branch of foreign companies in South Korea (Authorized Capital is missing)
· Information about the founder (founders) and director (directors) of the company: full name, date and place of birth, place of residence, copy of foreign documents. passports
· If the founders are legal entities, the statutory documents of the company and the decision to establish a subsidiary / representative office will be required*
· Name, types of activity of the created company
* – notarized and translated into Korean
Company registration term:
· Youhan Hoesa– 10-12 work days
· Chusik Hoesa – 10-12 work days
· Representative / branch of foreign companies in South Korea – 10-12 work days
· opening a bank account
· organization of accounting of the company
· selection of office space for the company. According to South Korean law, to register a company, you need information about its real location.
On average in Seoul a monthly office rental for 2-4 people will cost 200,000 Won, for 7-8 people.- 800,000Won (not incl. VAT tax), depending on the size of the office.
· obtaining licenses required for the company’s activities under the laws of South Korea
· apostille design
VAT – 10%
Corporate income tax – from 13% to 25% depending on the profit.