Korean Cmpany Rgistration

South Korea is located in eastern Asia and is a developed capitalist country. South Korea is the third largest economy in Asia after China and Japan, and one of the "Four Little Dragons" in Asia. Steel, automobile, shipbuilding, electronics, and textiles are all pillar industries of South Korea. South Korea has an innate geographic relationship with China, and its cosmetics, clothing and other brands are favored by consumers around the world.

The most common form of company registration in South Korea is "Co., Ltd." (Co., Ltd.), which is also one of the forms of corporate companies. In addition to the taxes and agency fees that need to be paid to set up a legal person company in South Korea, it is also necessary to contribute capital for the initial stage of the company's operation, that is, to verify the company's capital.

Advantages of Rgistering a Korean Cmpany

1. Excellent talent resources: More than 97% of professionals have university degrees or have received vocational training, and the number of senior managers with foreign work experience ranks fifth in Asia;

2. IT powerhouse: the world's highest broadband network access rate, the world's highest mobile phone penetration rate of 68%, WiBro, s-DMB, t-DMB services are commercialized in advance worldwide;

3. The highest encouragement mechanism of the Organization for Economic Cooperation and Development: The biggest factor for the investment of multinational enterprises is the various encouragement mechanisms formulated by the Korean government, which are the most lenient among the member countries of the Organization for Economic Cooperation and Development;

4. The best location: Tokyo, Beijing, Osaka, Shanghai, Hong Kong and other major cities in Northeast Asia are within 3 hours of the flight from Seoul;

5. Income center in the Asia-Pacific region: the net profit of foreign-funded enterprises is much higher than that of domestic enterprises. Moreover, the Korean subsidiaries of multinational corporations show higher returns than other subsidiaries;

6. No need to apply for import and export rights: Korean companies have import and export rights once they are registered.

Requirements for Rgistering a Korean Cmpany

1. The minimum registered capital: 100 million won, or about 600,000 yuan. This fee needs to be imported into South Korea from overseas, and is converted into Korean won at the exchange rate on the day of registration;

2. Qualifications of investors: It can be an individual, or it can be a domestic or overseas company. Individuals need to provide copies of passports and ID cards; while companies need to provide copies of business licenses;

3. Number of people required to set up a company:

1) Co., Ltd.

At least two persons: one director (the director must be a natural person), one supervisor (can not hold shares; cannot be concurrently held by the director);

Shareholders can be natural persons or corporate bodies;

If there are two directors, one of the directors must not hold shares;

If the investment amount is more than 1 billion won, at least three directors and one supervisor are required;

If there are multiple directors, one director should be elected as the legal representative, and the legal representative does not need to hold shares.

2) Limited company

At least one director;

The similarity of a limited company and a corporation is that both companies are joint-stock companies, and both are only responsible for the part of the shares they own;

When registering a company, the advantage of a limited company is that only one person's information is required. The disadvantage is that a limited company is not more reliable than a company.

4. Matters related to the establishment of the company: the company needs to have a fixed address, and our company can provide the address.

Process of Rgistering a Korean Cmpany

1. Docking requirements;

2. Sign the agreement and pay the fee;

3. Submit documents to government departments for relevant procedures;

4. Complete the registration and mail a full set of documents such as the Korean company registration certificate.

(CHINESE version numbering still wrong)

Korean Company Registration

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