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Opening a company in Korea

South Korea, as a fast-growing point of the Asian economy, attracts global investors with its strong technological innovation and stable business environment. With the government's continued support for foreign investment, starting a business has become one of the best choices for entering the Korean market. It is worth mentioning that by setting up a company in South Korea, foreigners can not only conduct business activities, but also obtain residency and enjoy the local welfare system. Setting up a company in South Korea not only allows you to enter the Asian market full of opportunities, but also enjoy South Korea's high quality of life and social welfare through entrepreneurial immigration. Whether it is technological innovation or the service industry, South Korea provides unlimited possibilities for foreign investors.

Main types of companies in Korea:

  1. Stock Company Limited (Chusik Hoesa)

    • Suitable for large enterprises, with no limit on the number of shareholders and liability limited to the amount of capital contribution.

    • Easy to raise funds and attract investors.

  2. Limited Liability Company (Yuhan Hoesa)

    • Suitable for small businesses with a limited number of shareholders and flexible structure.

Advantages of establishing a Korean company:

  • Strong market potential: South Korea has a highly developed economy suitable for all types of businesses.

  • Foreign-friendly policies: The government provides tax incentives and subsidies to foreign companies to encourage foreign investment.

  • International market access: Multiple free trade agreements allow businesses to easily enter other markets.

  • Immigration opportunities: By starting a business, you can apply for an entrepreneur visa, obtain residency, and enjoy Korea’s medical, educational, and social welfare benefits.

Information required for registration:

  1. Company Name

    • Make sure the name is unique and meets the requirements.

  2. Identification documents of directors and shareholders

    • This includes a passport and proof of address.

  3. Articles of Association

    • Describe the company's operating model in detail.

  4. Local registered address

    • Legal proof of address.

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