Process of registering a Korean company

I. Prepare preliminary information

1. Korean company name (3 options)

Name it in Korean or English. Generally speaking, you can use the English name on business cards or if you want an English company name, but only the Korean company name is marked on the business license.

2. Korean company registered capital

The minimum registered capital is 5 million won, which must be paid in full (if it is 100 million won, it can become a foreign-invested enterprise with certain tax benefits).

3. Determine shareholders and directors

Shareholders can be legal persons and natural persons, including representative directors. To establish a company, at least 1 director and 1 guardian are required, a total of 2 people (both mainland citizens and overseas persons are acceptable. However, mainland citizens must hold valid certificates); before registering a Korean company, the above positions must be determined and the shareholding ratio of each shareholder must be arranged.

4. Determine the registered address

You need to have a local registered address in South Korea, which must be a commercial office building or a commercial and residential building

5. Determine the scope of business

The business scope of Korean companies is less restricted, and general normal business can be operated (foreigners who set up enterprises in South Korea have certain restrictions on the scope of business, depending on the specific situation).

II. Submit and issue the certificate

1. We will submit the complete information to the South Korean government for processing, and then leave it to us. After the registration is completed, we will mail the full set of documents and materials including the Korean company registration certificate free of charge.

2. After the successful registration of the Korean company, the full set of documents includes:

1) Korean company business license;

2) Legal person registration book transcript;

3) Korean company card;

4) Legal person official seal;

5) Company Articles of Association;

6) Seal certificate;

7) Company shareholder list.

Conditions for registering a Korean company

1. Registered capital:

The minimum registered capital is 5 million won, which must be paid in full (if it is 100 million won, it can become a foreign-invested enterprise and have certain tax benefits).

2. Requirements for the number of company members:

1) Establish a joint-stock company (equivalent to a domestic joint-stock company): A. If the shareholder and the legal representative are the same person, the company needs to set up another supervisor. B. If the shareholder and the legal representative are different, there is no need to set up another supervisor. C. If the shareholder is a company, only one legal representative can be set up, and there is no need to set up another supervisor.

2) Establish a limited company (equivalent to a domestic limited liability company): Only one person is required, and the shareholder can serve as the legal representative at the same time.

PS: When registering a Korean company, the advantage of a limited company is that only one person's information needs to be provided; the disadvantage is that a limited company is less trustworthy than a joint-stock company.

II. Information required to register a Korean company

1. Korean company name:

It is necessary to provide a Chinese or English name. There is no restriction on the name of a Korean company. The name displayed on the Korean business license is in Korean.

2. Shareholder ID:

Natural persons as shareholders need to provide their ID and a copy of their ID; domestic or foreign companies as shareholders need to provide their business license and a copy of the ID of the legal representative of the company.

3. Korean company registration address:

Korean companies must have a local registered address in Korea. Our company can provide the address according to customer needs and provide business secretary services.