OUR SERVICES

Three Ways to Do Business
in Korea

The first option is to create a local corporation or foreign direct investment (FDI) company. This option allows the foreign company to operate as a legal entity in the country.
The second option is to set up a branch office, which is essentially an extension of the foreign company. This option allows the foreign company to conduct business activities in Korea without having to establish a separate entity.
The third option is to establish a liaison office, which is designed for non-profit activities, such as market research, and does not allow for profit-making activities.

First Option

Local Corporation /
FDI Company

A local corporation that has obtained a minimum of 100 million KRW (approx. 80,000 USD) in foreign investment falls into the category of a Foreign Capital Invested Company or Foreign Direct Investment (FDI) Company. The Korean government is actively working to attract foreign investments, and as a result, FDI companies enjoy certain favorable legal provisions. For instance, entrepreneurs or investors associated with such companies can obtain an investment visa known as the D-8 visa. Additionally, there are opportunities for FDI companies to apply for tax exemptions in specific circumstances. These measures aim to encourage foreign investment and promote economic growth in South Korea.

Second option

Branch Office

Branch offices of foreign corporations established in Korea are registered as foreign entities, distinct from local Korean companies. Unlike local corporations/FDI companies, branch offices do not require capital for registration. The foreign headquarters and the Korean branch office together form a single legal entity. Branch offices are permitted to engage in profit-generating activities within South Korea and are subject to the same tax laws as local Korean companies. However, it is important to note that branch offices receive fewer benefits compared to FDI companies.

Third Option

Liaison Office

The Liaison Office, like the Branch Office, is considered a foreign corporation. However, there is a distinction in the activities they are allowed to undertake. While Branch Offices are permitted to engage in profit-making activities, Liaison Offices are restricted to non-sales activities. The primary purpose of a Liaison Office is to facilitate non-sales functions and support the operations of the foreign company in the local market.

Office Space

Finding suitable office space and arranging for leasing or rental agreements to establish business operations in Korea.

Accounting and Tax Services

Seeking assistance from accounting and tax professionals to ensure compliance with Korean tax regulations, maintain proper financial records, and handle tax filings.

Services You Might Need:

Immigration Services

If there is a need for relocation or employing foreign workers, assistance with visa applications, work permits, and immigration procedures may be required.

HR and Payroll Services

Managing human resources, payroll processing, employee contracts, and compliance with local employment laws.

without any hassle

Start Your Business in Korea

Korea Business Setup is your one-stop-shop to establish a company or branch office in Korea. Our team of lawyers and experts will guide you through the entire process to ensure you get your business up and running quickly and efficiently. We offer services for both incorporating a new Korean company and opening a branch of a foreign company in Korea.