Company Formation Offshore www.jnjkoreallc.com Schedule Your Appointment! 82-10-6656-4955
Factors to Consider When Doing Business In South Korea
Product Licensing and Approval
Some products and services may require licenses and permissions to import/export or buy/sell. Ascertain that all criteria of customs and import rules are met legally.
Product Licensing and Approval
Some products and services may require licenses and permissions to import/export or buy/sell. Ascertain that all criteria of customs and import rules are met legally.
Tax Registration
Corporate tax in South Korea is progressive, with enterprises required to pay a corporate income tax rate of 10% on the first KRW 200 million of income. All South Korean firms must register for Value Added Tax (VAT) with the National Tax Service within 20 days of opening. South Korea's typical VAT rate on goods and services is 10%.
Conclusion
If you are familiar with the incorporation process, forming a company in South Korea is simple. J&J Korea tries to give our clients a smooth experience while establishing a business in South Korea. From the consultation stage through selecting the correct type of offshore company formation, essential documents and certificates, power of attorney, and more, our team of professionals will assist you.
www.jnjkoreallc.com