Why do many companies choose to register a company in South Korea?

Updated on Financial 2024-04-05
10 answers
  1. Anonymous users2024-02-07

    1. The world's IT power.

    2. South Korea's most favorable foreign investment policy.

    3. Asia's third largest economic center with excellent geographical advantages.

    4. The income center of the Asia-Pacific region, the net profit of sales of foreign-funded enterprises is much higher than that of domestic enterprises;

    5. There is no need to apply for import and export rights.

  2. Anonymous users2024-02-06

    Benefits of registering a company in South Korea:

    1. Excellent human resources: more than 97% of professionals have university degrees or vocational training, and the number of senior managers with foreign work experience ranks fifth in Asia.

    2. IT powerhouse: The world's highest broadband network access rate, up to 68% of the world's highest level of mobile** penetration rate, Wibro, S-DMB, T-DMB services have been commercialized in advance around the world.

    3. The highest incentive mechanism of the Organization for Economic Co-operation and Development: The biggest factor for multinational enterprises to invest is the variety of incentive mechanisms developed by South Korea, which is the most lenient among the member countries of the Organization for Economic Co-operation and Development.

    4. Best location: Tokyo, Beijing, Osaka, Shanghai, Hong Kong and other major cities in Northeast Asia are within 3 hours of flights from Seoul.

    5. Asia-Pacific revenue center: the net profit of sales of foreign-funded enterprises is much higher than that of domestic enterprises. Moreover, the Korean subsidiaries of multinational companies have shown higher returns than other subsidiaries.

    6. No need to apply for import and export rights: Korean companies have import and export rights once registered.

  3. Anonymous users2024-02-05

    Conditions for registering a company in South Korea1.Registered capital:

    100 million won, equivalent to about 600,000 yuan. The registered capital needs to be actually in place.

    2.Requirements for the number of members of the company:

    1) Establishment of Co., Ltd. (equivalent to a domestic joint-stock company): aIf the shareholder and the legal representative are the same person, the company needs to appoint another supervisor.

    b.If the shareholder and the legal representative are different, it is not necessary to set up a separate supervisor. c.

    If the shareholder is a company, there can be only one legal representative, and there is no need to set up a separate supervisor.

    2) Establishment of a limited company (equivalent to a domestic limited liability company): only one person is sufficient, 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 is required; The disadvantage is that the limited company is not as reliable as the company.

  4. Anonymous users2024-02-04

    Conditions for registering a company in South Korea.

    1. Registered capital: 100 million won, about 600,000 yuan;

    2. Applicant qualifications: The applicant is an individual, and the applicant needs to provide a copy of his ID card and passport; The applicant is a company and needs to provide a copy of the business license of the enterprise;

    4. The number of people in the company: at least two people, one director and one supervisor, and supervisors are not allowed to hold shares; , at least one director.

  5. Anonymous users2024-02-03

    The advantages of Korean companies are as follows:

    1. Build a Korean brand and enhance product image.

    South Korea's cosmetics, electronic products, and high-end consumer goods brands enjoy a good reputation in the world, and registering a Korean company, selling back to China or OEM with a Korean company and brand, or entering a Korean e-commerce platform or self-built station, can greatly improve the brand image, product sales and product added value.

    2. South Korea's ** and corporate investment.

    It can be used as a window to the outside world, easy to gain the trust and cooperation of foreign cooperative enterprises, and will also reduce the logistics cost between China and South Korea and avoid the best barriers to China.

    3. The company holds real estate in South Korea and legally avoids taxes.

    If you use a Korean company to hold real estate in Korea and resell the property within 5 years, you will not need to pay high income tax on the transfer of real estate, but only corporate tax. The corporate tax can be deducted through various expenses (such as air tickets, accommodation, meals, etc.), and can also be traded by transferring equity, without paying real estate acquisition tax and registration tax, reducing real estate transaction costs.

    The net profit of sales of foreign-funded enterprises is much higher than that of domestic enterprises. The Korean subsidiaries of multinationals have shown higher returns compared to other subsidiaries.

    4. It is convenient to apply for a South Korean business management visa.

    If you are registered in South Korea and have a registered capital of more than 100 million won, you can apply for a "business manager visa" from the Korea Immigration Bureau. (The company can be taken out after registration, no need to freeze in Korea, no risk). If you have been operating and residing in Korea for more than 5 years, you can apply for a permanent visa F5 for South Korea.

    5. You can open a bank account in the name of a Korean legal person.

    There is no foreign exchange control in South Korea, and the conversion of various currencies is free, and the establishment of a Korean company can open a legislator's bank account, which is convenient for enterprises to do business.

  6. Anonymous users2024-02-02

    1. Minimum registered capital: 100 million won;

    2. Shareholders: at least one ** east, which can be a natural person, or a domestic or overseas company;

    3. Legal representative: at least one legal representative is required, and the legal representative needs to have multiple tourist visas or business visas;

    4. Requirements for the number of members of the company.

    Co., Ltd.: If the shareholder and the legal representative are the same person, the company needs to appoint another supervisor; If the shareholder and the legal representative are different persons, there is no need to appoint a separate supervisor; When the shareholder is a company, only one legal representative is required.

    Limited Company: Only one person is required at the minimum, who can act as both a shareholder and a legal representative.

    6. Business scope: Foreigners who handle enterprises in South Korea have certain restrictions on their business scope, which depends on the specific situation.

  7. Anonymous users2024-02-01

    1. Investors in Korean companies can be individuals, domestic or overseas companies.

    2. South Korean company registration requires 100 million won.

    3. More than 10 people are required to register a Korean company.

  8. Anonymous users2024-01-31

    1. The lowest registered capital: 100 million won, about 600,000 yuan. This fee must be transferred from the foreign exchange to the Korea Sports Office, and it will be converted into Korean won at the exchange rate of the day at the time of registration.

    2. Qualifications of investors: they can be individuals, domestic or overseas companies. Individuals need to provide a copy of their passport and ID card; The company needs to provide a copy of the business license of the enterprise;

    3. The number of people required to establish a company: at least two people: one director and one supervisor. If the investment amount is more than 1 billion won, at least three directors and one supervisor are required;

  9. Anonymous users2024-01-30

    1. Company name: It must be in Korean, and no foreign language can be used.

    2. Registered capital split: The minimum registered capital is 100 million won, and it needs to be in place at one time.

    3. Shareholders and directors: Shareholders can be legal persons and natural persons, including representative directors, 2 directors and 1 supervisor. A total of 3 people are required (both mainland citizens and overseas nationals) are required.

    However, Mainland citizens must hold a valid identity card and passport. Before registering a Korean company, the above positions must be determined and the proportion of shares of each shareholder must be arranged).

    5. Business scope: Foreign travelers in Bi Chinese people handle pure enterprises in South Korea, and the business scope has certain restrictions, depending on the specific situation.

  10. Anonymous users2024-01-29

    Check with a local intermediary in Korea.

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