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 incorporation 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 specialists for opening a company in Korea explain how to start a tour operator business…
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, agents for setting…
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…
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…
If you want to open a crypto company in Korea, you need to comply with specific regulations, among which the ones governing anti-money laundering. They are important as they also apply retroactively to existing Virtual Asset Service Providers (VASP) in Korea that did not require registration with the Financial Services…
Company liquidation in Korea implies several stages, with dissolution or deletion from the Companies Register being the last one. Closing a company in South Korea is possible through two proceedings, depending on the reasons of termination. Below, our company formation agents in Korea explain how to wind up a business.…
Foreign companies are not required to have a local presence in South Korea in order to register for VAT; however, they must appoint a Korean fiscal representative. With respect to domestic business, these can also use the services of such an agent optionally. Below, our company formation agents in Korea…
