open company in korea 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…

Divorce Lawyer in Korea

Divorce in Korea falls under Article 834 in the Civil Code, and it provides for separation by mutual agreement, as well as fault-based dissolution of a marriage. This is not the case for foreigners getting divorced in Korea who can benefit from other regulations. Below, our divorce lawyer in Korea…

Company Liquidation in Korea

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.…

Buy a Property in Korea

If you want to buy a house or apartment in South Korea as a foreigner, you need to comply with specific legislation. The Foreigner’s Land Acquisition Act is one of the most relevant in this sense. Below, our lawyers in South Korea explain the procedures you need to go through…

Accounting Services in South Korea

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…

Hire Korean Workforce

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…

Obtaining Residence Permit in Korea

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.…

Taxation in Korea

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

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

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…