korea company formation Archives - Company Formation Korea

Obtain a Business License in Korea

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…

VAT Registration in South Korea

Law

With no less than 8 years ago, Korea decided to simplify its taxation system related to indirect levies with their replacement with the value added tax (VAT) in 1977. Now, in order to sell goods and products here, one is required to apply for VAT registration in South Korea. The…

Obtaining Residence Permit in Korea

Law

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.…

Open a Holding Company in Korea

Law

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 that contains certain information. In this article, our company formation advisors in Korea explain different aspects…

Taxation in Korea

Law

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,…

Open a Subsidiary in Korea

Law

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…

Open a Bank Account in Korea

Law

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…