Guide to Establishing a Business in Korea 2015

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Description: Attachment: Smaples of Forms Required for Incorporation and Registration

Table Of Contents: Contents

I. Types of Business Entities Established by Foreigners
1.Local Corporation
2.Private Business
3.Branch
4.Liaison Office

II. Procedure for Establishing a Local Corporation
1. Flow Chart
2. Foreign Investment Notification
3. Remittance of Foreign Investment Capital
4. Incorporation Registration
5. Business Registration
6. Transfer of paid in Capital to Corporate Account
7. Foreign-Invested Company Registration

III. Procedure for Incorporation Registration
1. Methods of Incorporation
2. Procedure for Incorporation
3. Incorporation Registration
4. Simplification of Business Opening Procedure and Special Provisions for Small Business Entities

IV. Incorporation Notification and Business Registration
1. When Incorporation Notification and Business Registration are Filed Concurrently
2. When Business Registration is Filed Prior to Incorporation Notification

V. Procedure for Private Business Registration
1. Flow Chart
2. Foreign Investment Notification
3. Remittance of Investment Capital
4. Business Registration
5. Foreign-Invested Company Registration

VI. Procedure for Establishing a Branch in Korea
1. Flow Chart
2. Types of Branches
3. Notification of Branch Establishment
4. Registration of Branch Establishment
5. Branch Closure and Retrieval of Liquidated Funds
(Article 9-37 of the Foreign Exchange Transactions Regulation)

Appendix_Sample of Forms Required for Incorporation and Registration

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