1. When incorporation notification and business registration are submitted at the same time

 

* Normally, incorporation notification and business registration are done at the same time in a single form given by the tax office.

 

(1) Destination: Korea (when the jurisdictional tax office is in Seoul) or the jurisdictional tax office of the head office

(2) Notification / registration period:

○ Incorporation notification: in two months from the date of establishment

○ Business registration: in 20 days from business starting date

☞ In general, the jurisdictional tax office handles both business registration and incorporation notification at the same time.

(3) Documents required:

○ Application forms of incorporation notification and business registration (see Attachment)

○ Company registration certificate

○ Copy of the articles of incorporation (In case of investment in kind, designation of investment targets should be attached along with)

○ Original document of detailed statement of shareholders / investors etc. (with company impression seal)

○ Copy of business license etc. (only for the business that needs permission, approval, or notification)

☞ the business that requires pre-notification are banking business, financial investment related business, defense industry, etc.)

○ Copy of lease contract (if applicable)

※ When leasing a part of a commercial building, please submit the floor plan of the leased area. (Applicable when the deposit is KRW 240 million or below in Seoul; KRW 190 million in the overconcentrated and controlled areas of suburbs of Seoul; KRW 150 million in the metropolitan area; KRW 140 million in other areas).

○ Other documents:

- Notice of designation of tax agent (in case there is no employee to manage tax-related matters)

- Copy of foreign currency purchase or deposit certificate

- Alien Registration Certificate or Passport (if the representative of the company is a foreign national or permanent resident, a copy must be handed in after showing the original)

​

​

2. When the business registration is done before incorporation notification

 

(1) In general, incorporation notification and business registration are submitted at the same time.

 

(2) When a foreign investor establishes a company through payment in kind, since a business registration certificate is necessary to get the value-added tax refunded when the targets of payment in kind are being imported, the business registration should be done before importing the products.

(3) Documents required:

○ Business registration application form

○ A copy of the promoter's resident registration rertificate

○ A copy of lease contract

○ A copy of business license (if applicable) or business plan

※ Please, do not submit corporate registration certificate, and submit the other necessary documents after completion of incorporation.