Foreign citizens who want to immigrate to South Korea can apply for specific visas for short-term stays or residence permits that enable them to live here longer. The decision should be made in accordance with one’s goals and qualifications. No matter the way you decide to migrate to Korea, our lawyers are at your…
We have a mixed team of company formation specialists and accountants in 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…
According to the Ministry of Employment and Labor of Korea, in 2017, there were around 26 million working individuals in the country, with an employment rate of around 66.5%. The total unemployment rate of 3.8% which was registered in January 2017 was much lower than that of young individuals, which was…
One of the wealthiest countries in the world, South Korea has attracted more than one million of expats who mostly live in Seoul. If you intend to become one of them, our company formation advisors in Korea present, in this article, a few key aspects related to obtaining a residence permit in Korea.…
An individual who intends to obtain approval from the local authorities to set up a holding company in Korea or to change an existing legal entity into a holding company has to submit to the Fair Trade Commission an application which contains certain information. In this article, our company formation advisors in Korea explain different aspects…
Foreign companies with a permanent establishment in Korea are subject to a standard corporate income tax on the income which is generated from the country. Foreign companies which do not have a permanent establishment in the country are subject to taxes which range from 2% to 20% on their income deriving from Korean sources. In this article,…
Set up as a local business, a subsidiary in Korea maintains closer relationships with the local business community. It is also able to offer the parent company the chance to benefit from the tax incentives put in place by the local government. As follows, our company formation advisors in Korea explain how to set up a…
The popularity of Korea is increasing among foreign citizens who are eager to invest or work in the country. An important aspect when moving here is opening a bank account in Korea. In this article, our company formation consultants in Korea explain how to open such an account. You can also rely on our immigration lawyers in…
The limited liability company in Korea is chosen by many foreign investors who want to open a business in this country. According to the amended Commercial Code of Korea some of the characteristics of the limited liability companies in Korea have changed in order to make this legal form even more efficient for investment. One…
The purchasing of a shelf company is a decision that many investors take when they want to start a business activity in Korea as fast as possible. The ready-made company in this country gives you the possibility to enter much quicker the local market than if you follow the entire procedure of company registration. Our…
