How To Register Business Name In Korean
A business registration certificate or extract notably contains information such as.
How to register business name in korean. The korean government has established a number of free economic zones that provide additional incentives and tax benefits to foreigners who are investing or starting a business in south korea. D oing business in south korea in 2020 since 2003 healy consultants group plc has been efficiently and effectively assisting our clients with i south korea business registration ii business licensing iii south korea business banking solutions iv visa options and staff recruitment strategies and v workspace rental solutions. Registration number and date legal form director s activity events capital. In the republic of korea a resident registration number rrn korean. And foreign invested company registration.
Similar to national identification numbers in other countries it was used to identify people in various private transactions such as banking and employment. The good news is that in recent years the korean government has begun easing general start up rules to help encourage foreigners to start businesses in korea. If you are not familiar with hangeul hire a local to assist with your paperwork. Tax manager designation report. 2 profit making corporation 1.
If your trademark is available our south korean attorneys will file and process your trademark registration in south korea. The procedure is basically identical to the corporation establishment procedure applied to korean nationals except for the pre report of foreign investment and registration of a foreign invested. In korea the company registry is managed by the supreme court. Starting a business or registering a company in south korea is possible for almost any individual or foreign company. Just last year a korean american entrepreneur was the recipient of korea s first start up visa an indication that the korean government is opening avenues to more foreign start ups.
Business names must be registered in hangeul the korean alphabet. Free trademark search tool in south korea. Jumin deungnok beonho is a 13 digit number issued to all residents of south korea regardless of nationality. Fill out the paperwork to register your business name. There are different types of businesses and companies that can be established depending on the type of activities and relevant laws and regulations.
Take your bank account documents and real estate lease to your local district office. Generally south korea requires the business or the foreign investor to be located within the free economic zone in order to receive the benefits.