Many domestic and international businesses in Korea are using the convenient and cost-effective services of Start Law Firm.
Experienced lawyers gathered to establish a Law firm providing international legal service, which is START Law Firm in 2017.
There are many foreign clients who is running business in Korea and expanding his(her) business into Korea.
Although business setup process is not simple in Korea, we have a lot of experience of setting up business and provide legal service in very efficient way, most of our clients are satisfied with the service we provide.
You can incorporate a new Korean company and the new company will get business license and license number.
And if investment amount is more than 100,000,000 krw, the new company is subject to foreign investment promotion act. So, it will get more benefit in many area.
It’s not legal entity but only branch of the foreign parents corporation.
Branch office will get Business license and license number.
Liaison office is not a legal entity, so, you are not allowed to do sales activity in Korea through the liaison office.
Only Certificate of Registration with Non-Profit Organization Tax Registration Number will be issued to your liaison office.
Choose YOUR plan
In principle, there is no minimum capital regulation. But the commercial law of Korea stipulates that the amount of one week should be more than 100 krw.
As there are business areas where related laws stipulate the minimum capital, it is recommended that you check them before starting the project.
In principle, there is no minimum capital regulation. But the commercial law of Korea stipulates that the amount of one week should be more than 100 krw.
As there are business areas where related laws stipulate the minimum capital, it is recommended that you check them before starting the project.
There are 5 types of commercial corporation in Korea.
But the most of corporation in Korea is STOCK Corporation and we recommend you to establish stock corporation type.
In Principal, there is no limitation for foreigner to own shares of Korean corporation.
But, As there are business areas where related laws stipulate the limitation ratio. It is recommended that you check them before starting the project.
More than 1 director shall be registered. But 1 more director or auditor would be recommended.
No, he or she is not required to be issued work permit for registration.
But, make sure that if he or she would work in Korea and manage a Korean corporation, he or she need to be issued work permit which is proper VISA
The fastest way to get a work permit is to get an investment which are D-8, D-9 Visa
D-8 will be issued when the investment amount is over than 100 million krw,
and D-9 will be issued when the investment amount is over than 300 million krw.
But Recently, immigration authorities only issue visas for over 300 million krw.
If your investment is more than 100 million won, you must pass the rigorous screening process.
The lease fee varies depending on the status of the office.
The lease fee for a virtual office starts from 77,000 krw(include VAT) per month.
The accountant charge depends on the business condition as sales amount, number of employees and etc.
The basic charge starts from 165,000 krw(include VAT) per month
Please input your plan in the box below with detailed information as type of entity, capital amount, number of shareholders and directors, anything else that you want to know. We will review your inquiry and reply you with our quotation and advise.
Public Transportation
3-minute walk from Sinsa Station Exit 4, or 3-minute walk from Nonhyeon Station Exit 8
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