We have a mixed team of Korean company formation and accountants in South Korea who can support you in various matters. Living and/or having a company in Korea implies paying taxes here. For this purpose, there are various accounting requirements to comply with. If for Korean citizens things are much simpler, foreigners need to understand the taxation system here. For this purpose, they can use our accounting services in South Korea.
Below, our chartered accountant in South Korea offers an insight into the country’s taxation system and the services we offer in this sense.
When it comes to accounting in South Korea, there are various laws and regulations to consider which is why it is best to rely on specialists. CPA stands for Certified Public Accountant, and it is one of the most important licenses such a professional can obtain in his or her career.
Our South Korean chartered accountant and our team of accountants in South Korea offer the following services:
Foreign citizens and investors can also benefit from the support of our chartered accountant in South Korea.
Feel free to address our accountants in South Korea if you want to open a company in Korea.
Depending on your reasons for immigration to South Korea, you need to apply for a specific type of residence permit. There are numerous types of permits that are available. Among them, you can choose one for a self-employed individual, a student, a work permit, and family reunification, for example. Call us for information on each of them.
Business registration in Korea, no matter if it involves the launch of a new company or the expansion of another, requires careful planning from an accounting point of view. Our accountants in South Korea know how to help you based on the following criteria:
As a foreign investor who wants to open a company in Korea, we can help you select the appropriate business form and register for taxation after incorporation. We can also advise on the best ways through which you can save money with your company.
For foreign companies, our accounting services are more extensive, covering a wider range of scenarios. The solutions we can provide for international businesses depend on whether they choose to operate through branches or representative offices in Korea. An important aspect we can handle from an accounting point of view is ensuring that financial statements are consolidated for easy filing both in Korea and in its home country.
We also have an infographic detailing our services:
As a sole trader, you can do business if you immigrate and obtain a residence permit for South Korea. For this purpose, you can rely on our lawyers, and following your establishment you can count on our accountants for tax registration and compliance.
Our accounting services in South Korea are tailored, so that you benefit from all the support you deserve.
The Korean tax registration requires all local businesses to record their accounting using the double-entry method.
In order to ease the burden on your staff, you can rely on our bookkeeping services that respect the tax legislation. From this point of view, we can:
For VAT purposes for non-resident companies, we are also at your disposal with financial representation services in South Korea.
Starting a business in Korea often requires hiring employees. No matter if you decide to rely on the local workforce or relocate personnel from other countries, a component of our accounting services is payroll. From this point of view, we can handle the following:
You can also select the accounting services you need with our Korean specialists.
Korean companies may require audit services for various reasons. However, the law imposed certain businesses to have their accounts audited. Our Korean specialists can offer several types of audits in accordance with the most recent professional standards.
Among our auditing services are:
Do not hesitate to reach out to our English-speaking accountants in Korea for extensive information on all our services.
If you decide to start a business in Korea, you need to consider the following accounting requirements:
It is useful to note that such services can be provided by 2 types of specialists: CTA (Certified Tax Accountant) and CPA in South Korea.
With respect to the financial statements that need to be filed with the Trade Register, these must contain the following:
When dealing with the accounting of a company, it is recommended to ask for the support of our chartered accountant in South Korea.
The professional accounting bodies in South Korea are the Institute of Certified Accountants and the Association of Certified Public Tax Accountants.
We are also at your disposal with company formation services in Korea. Our accountants in South Korea are ready to offer their services after you open your company.
There are many ways in which you can secure residency in South Korea among them, starting a business. You can either start the business registration procedure before coming to the country, or you can apply for an entry visa and stay in the country for the duration of the procedure. No matter your options, please contact us.
There are several taxes that need to be considered by Korean companies. Among these, the corporate tax applies at various rates depending on the annual profit of a company and our accountants in South Korea can offer more details. Our South Korean chartered accountant can provide more information on how this levy is calculated.
Here are the main tax highlights related to accounting in South Korea:
If you need advice on how to get a Korean residence permit, you can rely on our local consultants. One of the ways to achieve that is through employment. Your qualifications and experience will determine the kind of work permit and job visa you receive in South Korea. You have several choices for a long-term employment visa which our lawyers can advise.
If you are interested in accounting services in South Korea, contact us. Our accountants in South Korea are at your disposal.