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OfficesRegister a company in South Korea with minimal capital (no fixed capital mandate) and a virtual office address, and enter the business community of the 13th-largest economy in the world, with the best industries in financial services, tourism, semiconductors, automotive, and electronics & maritime manufacturing. Company registration in South Korea is a charm with Enterslice.
The corporate income tax rate is just 9 percent. There are more than seven free zones and an easy remote setup process. You can relax while Enterslice handles all the tedious paperwork. Join over 500 entrepreneurs who have trusted us for online company registration in South Korea.
Let Enterslice file your application and draft incorporation documents. We will register an official business address and handle your legal paperwork. Enroll for taxes and open a corporate bank account with our help.
Get Cash Grants & Tariff/Tax Exemptions
Business-Friendly Environment
Advanced Tech Infrastructure
No Need to Visit the Country-Online Setup
Investment Benefits in Free Zones
3rd Best Tech Cluster
Strategic Location
100% Foreign Ownership
7 Active Free Trade Zones
Enter into a market with high-tech infrastructure via online company registration in South Korea and enjoy fewer taxes and custom duties in free trade zones via Enterslice’s expert assistance.
The types of structures for online company registration in South Korea are as follows:
Mostly recommended for small and medium-sized entrepreneurs who provide limited liability to their directors, promoters, or shareholders. You can appoint at least 1 director and shareholder to register this setup. The maximum members are restricted to 50.
Also known as a public limited company, this structure is recommended for large corporations. A joint stock company can raise funds from the public. As a public company, you’ll need to submit more declarations and compliance compared to a private LLC.
This business structure is not a legal entity. It is a mere extension of a foreign parent corporation in South Korea. The parent organization controls its governance and liabilities. A branch office is also liable to pay taxes just like any other legal entity in South Korea.
It is also known as a representation office, which is merely used for promotional and marketing purposes. It cannot engage in any type of profitable economic activity. Similarly, no taxes are levied on such a company structure for online company registration in South Korea.
This is a type of business structure that is not a legal entity. It is formed with at least two members, who are partners, sharing equal profits and losses. The partners are personally held liable against any type of debt against the firm.
Check out the table to understand the key differences in the various business structure types for South Korea company formation:
| Type | Liability | Control | Management |
|---|---|---|---|
| Private | Limited | 100% | At least one director. Local representation only required for registration. |
| Public | Limited | 100% | At least three directors (one of whom must be a South Korean National). | Branch | Parent Company is liable | Parent company | One local representative | Representation | Parent corporation is liable | Parent corporation | One local agent |
Scroll down and find out how to register a company in South Korea with Enterslice:
Provide basic details about your business activity and fund availability, and accordingly, our associates will help you select a suitable company structure. Most recommended for startups and new ventures is a private limited company.
Our business analysts will draft a business plan, which will include an executive summary, incorporation details, company description, organizational structure, financial projections, market research analysis, and a list of products/services.
Once we’ve prepared your business plan, we’ll move ahead with your company’s name reservation with the “Online Corporate Registry”. The name must be available before the reservation.
Depending on your instructions, we’ll register a business address for you, namely a physical space or a virtual office address, like a flexi desk. A physical address requires a lease or rental agreement, whereas a remote office requires a virtual address agreement. Our lawyers will draft the same on your behalf.
We’ll draft a memorandum of association and articles of association. Our team will gather mandatory documents, including ID proofs of all directors & shareholders, an agreement for office, proof of capital deposit, identification of local representative, and a power of attorney (POA).
We’ll file the application and documents with the Korean Commercial Registry Office through your appointed local representative. The application requires a Korean Digital Signature, so only a local agent can complete the process on your behalf.
If you’ve foreign investment, then an investment report will be submitted to the Korea Trade Investment Promotion Agency.
The authority will examine the documents and applications to verify your details. If satisfied, they’ll issue the certificate of incorporation, granting you the status of a legal existence in South Korea.
Once we’ve obtained the incorporation documents, we’ll assist you in obtaining the business registration certificate and tax enrollment certification from the National Tax Service.
Based on your type of economic activity, we’ll apply for various licenses and permits on your behalf after the company registration in South Korea.
Based on your business's capital needs, we’ll help you set up a company bank account. Commonly opened bank accounts include current and merchant accounts. Your local agent will visit the bank’s office in person, if required.
Schedule a call with our South Korea business setup expert and enjoy a smooth process.
The timeline for company formation in South Korea is as follows:
Draft a business plan to demonstrate your goals and long-term objectives after online company registration in South Korea.
Reserve the company name with the Supreme Court’s Corporate Registry Portal.
Register a business office address. If you register a virtual address, then it’ll only take a day, whereas a lease will get registered in at least 2 to 3 days, depending on agreement preparation and deed certification.
Gather and prepare documents like MOA, AOA, power of attorneys, capital deposit receipt, and ID proofs through a notary or lawyer.
If you’re applying for company registration in South Korea under the Foreign Investment Promotion Act (FIPA), then you’ll need to submit the report to the Korean Trade-Investment Promotion Agency.
The local agent will submit the documents in person or through the Startbiz portal to the Commercial Registry (District/Local Court) on your behalf using their Korean digital signature.
Once the registry examines your application and documents, it will issue the incorporation certificate.
Acquire the company seal from the Commercial Registry (District/local court), as required for entering into contracts after company registration in South Korea.
Register for taxes and obtain the business registration via the National Tax Service (NTS).
Open a company bank account to start your business operations after the conclusion of company formation in South Korea.
The documents required for company registration in South Korea are as follows:
Completed Application Form
Memorandum of Association (MOA)
Articles of Association (AOA)
A Copy of Registered Office Address
Name and ID Proofs of all Directors & Shareholders
A Well Drafted Business Plan
Partnership Deed (If Applicable as Per Structure)
A certificate of the Bank Confirming Deposit
A Notarized Copy of the Power of Attorney (POA)
Name Reservation Certificate
Foreigners like you who are seeking company registration in South Korea can own 100% complete ownership of their establishment. There’s no minimum capital requirement if you’re opting for a virtual business setup- no physical setup or plan to reside in the country, provided you hire a local representative/director.
However, if you wish to benefit from investment benefits or move to South Korean, then you’ll have to invest at least USD 70,000 in accordance with the Foreign Investment Promotion Law (FIPL).
Accordingly, we’ll help you obtain the D-8 visa, local representation, or raise capital, as per your business needs. Contact Enterslice today and get the start of your business journey from anywhere in the world- 24/7 client support available via our South Korea company formation services.
9% Corporate Tax- Lowest
No Office Required- Remote Setup
Raise Capital for Funding
Seamless Bank Account Opening
The benefits of company registration in South Korea include complete foreign ownership, tax benefits, fewer tariffs, and a business-friendly environment.
There’s no bar or restriction on foreigners like you who want to register a company in South Korea. You can completely own your business without any intervention in most sectors.
The tax rate is 9 per cent for companies with an annual turnover of USD 138,000, reducing the tax burden for new startups after company formation in South Korea.
You can enjoy low taxes and fewer customs duties if you’re operating in any of the seven active free trade zones (FTZs) after online company registration in South Korea.
As a company owner, you can avail tax exemptions and deductions under the investor scheme, especially in the free zones. Less tax liability means more revenue and profit, which can be used for business expansion.
After online company registration in South Korea, you can enjoy a stable economy with a high-tech infrastructure.
The government provides subsidies and financial support to companies engaged in AI, tech, IT, and R&D business activities.
The entire process is remote, meaning you don’t have to visit any government offices to register a company in South Korea. Your local representative will handle everything on your behalf.
The criteria for company registration in South Korea include company name, directors & shareholders, business address, document preparation, local representation, and incorporation papers. Some primary requirements are as follows:
Given below are the corporate tax rates applicable for company formation in South Korea-
Some promising business opportunities for company formation in South Korea include the following:
Which are the Top Industries to Register a Company in South Korea?
Top Businesses for Company Registration in South Korea
The compliance after company registration in South Korea includes annual return filings, tax reporting, general meetings, and policy updates. Our experts and consultants will assist you with the following compliance practices are as follows:
Enterslice has proved its mettle in the space of international business consulting and compliance management. Given below are the reasons why Enterslice is the first choice for South Korea company formation services-
Yes, foreigners can absolutely start a business in South Korea, provided they require a local representative to complete all the administrative formalities on their behalf.
The criteria for online company registration in South Korea include:
The various types of company structures include limited liability company, joint stock company, partnership, branch office, and representative office.
There are more than seven free trade zones, including Incheon, Busan-Jinhae, Gyeonggi, Gwangyang Bay, Chungbuk, East Coast, and Daegu-Gyeongbuk.
You can carry out the following business activities:
Check out the key reasons to apply for online company registration in South Korea:
The various company tax slabs are as follows:
The initial registration takes around 10-14 days. However, the entire process takes around 2 to 4 weeks to conclude, starting from business plan drafting and application filing to business/tax registration and company bank account opening.
Follow the below-mentioned simple steps and understand how Enterslice will help you to open a bank account after South Korea company formation:
No, there’s no minimum paid-up or share capital mandate if you’re applying for most business structures. However, if you’re seeking a D-8 investment visa or tax benefits as a foreign investor, then you’ll have to deposit at least USD 70,000.
Yes, you can easily register a company in South Korea from anywhere by registering a virtual company address. However, as a foreign applicant, you require a local representative who will help you register your business through their digital signature and open a bank account.
A private limited company is the best company structure for foreigners seeking to enter the 13th largest economy, especially for mid-size startups, because there’s no minimum capital requirement and fewer compliance declarations.
Yes, before you start the process of company registration in South Africa, you must search and reserve a business name with the Supreme Court’s online registry system to ensure nobody else applies for the same.
A local representative can help you complete your administrative formalities for online company registration in South Korea, whereas a local director is involved in the management of the company, which is required for a publicly listed company with foreign investment.
-- Testimonials
“Enterslice made the process of registering my company in South Korea remarkably easy. Their team clearly explained each requirement—from choosing the right entity structure to understanding Korean compliance rules. They managed all filings, documentation, and communication with local authorities. I am very impressed with their efficiency and professionalism."”
Delhi NCR
“Setting up a business in South Korea seemed complicated due to the legal and language differences, but Enterslice handled everything perfectly. Their experts guided me step-by-step, ensuring full compliance with Korean regulations. Their quick updates and transparency made the entire journey stress-free.”
Pune
“Setting up a business in South Korea seemed complicated due to the legal and language differences, but Enterslice handled everything perfectly. Their experts guided me step-by-step, ensuring full compliance with Korean regulations. Their quick updates and transparency made the entire journey stress-free."”
Delhi NCR
“Enterslice provided exceptional support while establishing my company in South Korea. They helped me with the right business strategy, local licensing requirements, and document legalization. Their team is extremely knowledgeable about Korean laws, and they delivered everything on time. Highly recommended!”
Maharashtra
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