There are several laws that regulate the creation of a trust in South Korea. The most important one is the Trust Act, that has been last renewed in 2017. Considering there are several ways to set up such an establishment here, we invite you to read below about the opening…
Both local and foreign citizens can open sole proprietorships in Korea by following specific steps. Considering this is the simplest business form under which a person can operate in South Korea, the procedure implies fewer stages compared to when registering another type of company. Below, our company formation specialists in…
If you want to open a travel agency in Korea, you need to follow several steps. One of the most important is obtaining the licenses that will enable you to offer tourism-related services. Below, our Korean company formation specialists explain how to start a tour operator business here and how…
The special purpose vehicle or entity (SPV/SPE) is a company registered with the intention of carrying out a specific project. It is also possible to set up a SPV in Korea, and the incorporation process is completed in the same way as for any domestic business. Below, company formation agents…
Powers of attorney (POAs) in Korea are used for representing natural persons and companies in various matters. Also known as a letter of attorney, this document must meet certain requirements upon creation to be considered valid. Below, our local agents explain the main characteristics of powers of attorney. You can…
The Civil Law is the main legal framework to provide for the creation of foundations in Korea. However, there are also other regulations to cover their activities. Also known as non-profit organizations (NPOs) or non-governmental organizations (NGOs), they can take two forms: incorporated and unincorporated. Below, our company formation agents…
The Trademark Act is the main source of law for the registration of trademarks in Korea. Moreover, the legislation enables local and foreign parties (natural persons and companies) to have their marks protected in this country. Below, our local specialists explain how to register a trademark in South Korea. We…
If you want to immigrate to Korea from the USA, you have several options in terms of short and long-term relocation. For stays of maximum 3 months, you do not need a visa, however, the reasons for entering the country are limited. If you are interested in spending more time…
Opening a financial enterprise implies registering a local business and applying for a financial license in Korea. In the case of foreign businesspersons, an investment business permit must also be obtained. If you want to obtain a financial license in South Korea, there are several steps and documents to prepare,…
Company registration also implies applying for a business license in Korea, especially for foreign investors. Most permits are issued for performing activities in various economic sectors. Below, our Korean company formation agents explain when and how to apply for a trade license in Korea. You can rely on our local…
