Korea Company Registration
Korea on the Korean Peninsula geographically occupy very important position. Northwest and China next, each with Japan across. 1960s economic growth policies created Korea, "Han miracle" that the alarming economic development. China and South Korea established diplomatic relations in 1992, after growing economic and trade relations and commercial activities, following the United States after China became Korea's second largest investment destination. Now, only one in Shanghai, there are two long live the Korean 30,000 people, and between Korea and Shanghai Commercial activities in the Korean was up 50,000. Korean language has rapidly grown into a popular Hushang people keen to learn foreign languages, and is expected to replace the Japanese in the 21st century become the most competitive two foreign languages.
Korea Company Name
Name must use Korean Character
DOCUMENTS REQUIRMENT
Once you’ve finally determined to incorporate in Korea, you’ll need to be ready to mobilize the following:
1. Minimum investment capital of at least W50 million
2. At least one natural person to serve as statutory director of the Company
3. At least one director of the Company to accept appointment as Representative Director (in a sole-director company, this will be the same person as the appointed director)
4. At least one natural person to serve as statutory auditor of the Company
5. Physical location of the Company’s registered address (ATA GROUP can offer for you)
CONSACT PROCEDURE
Fill in the application form and certificate of lawful → sign the agreement in personally →pay for half of money →Hand in the document to us→ transact to the government → finish within 20-25 working days→connect company registration documents
OUR PROFESSIONAL SERVICE
1.Certificate of incorporation;
2.Common seal and atomic seal;
3.Share book.
4.rule of company
5.mainfold of all the application documents
TRANSACTION TIME
The documents are prepared ,we just need 20-25 working days for company registration
OPEN AN ACOUNT
The Korea company ,must open a native acount .and the director must consact in personally ,and bring all the documents that needed .the Korea company also can open an off shore accont .
FEE AND PAYMENT TERMS
For the foundation and other financial organization, the fee depends on the detailed information. Before registration pay 50% of the total fee as deposit and pay the spare money when finished. You can choose cash, T/T, check and transfer the account to our appointed mainland, HK and oversea bank account.
ATA’S PROMISES
The documents and certifide you drawn from ATA GROUP ,we make sure that are actual,and be checked on by the professional laweres.if you find falsity ,we promise to assume law duty ,and payfor doubling. 24 hours service telephone:hongkong 852-27837818
Korea taxation
Individual Income Taxtion
|
| |
Resident |
Non-Resident |
| Definition |
Residence or domicile in Korea
for more than one year |
Any person not deemed a
resident |
| Taxable Place |
Residence or domicile |
Place of business (fixed base)
or place of income source |
| Tax Liability |
Worldwide income |
Income from sources within
Korea |
Methods of
Taxation |
Global Taxation |
Global taxation
(in case of fixed base) |
Schedular taxation for capital
gains, retirement income, and
timber income |
Schedular taxation for capital
gains, retirement income, and
timber income |
| Withholding taxation |
Withholding taxation |
|
| |
|
Taxable Income
(Tax Base) |
Tax Rates and Brackets |
| Over |
Not over |
| |
10,000 |
9% |
| 10,000 |
40,000 |
1,000 + 18% of amount over 10,000 |
| 40,000 |
80,000 |
7,000 + 27% of amount over 40,000 |
| 80,000 |
|
19,000 + 36% of amount over 80,000 |
|
| |
|
| Items of Income |
Current Domestic Rates |
| Interest |
25% |
| Dividends |
25% |
| Real Estate Rental Income |
* |
| Lease Income |
2% |
| Business Income |
2% |
| Independent Personal Services |
20% |
| Dependent Personal Services |
* |
Retirement Income Capital Gains
Income |
* |
| Capital Gains Income |
* |
| Timber Income |
* |
| Royalties |
25% |
| Capital Gains from Securities Transactions |
Lesser of 10% of sales or 25%
of the gains |
| Miscellaneous Income |
25% |
|
| |
* Tax rates applied to non-residents without a fixed base are identical to those
applied to non-residents with a fixed base. |
Corporate Income Taxation
|
| |
Resident Corporation |
Non-Resident Corporation |
| Definition |
A corporate business entity
with its head or main office
in Korea |
A corporate business entity with its
head or main office outside Korea |
Taxable
Place |
Head or main office |
Permanent establishment or place
of income source |
| Tax Liability |
Worldwide income |
Income from sources within Korea |
Income
Repairing |
Global taxationSpecial
additional tax |
Global taxation (in case of
permanent establishment)
Special additional tax
Withholding tax (in case of no
permanent establishment)
Schedular taxation (timber
income and capital gains) |
|
| |
|
Taxable Income
(Tax Base) |
Tax Rates and Brackets |
| Over |
Not over |
| |
100 million Won |
15% |
| 100 million Won |
|
16 million won + 27% of the
amount over 100 million Won |
|
| |
|
| Items of Income |
Current Domestic Rates |
| Interest |
25% |
| Dividends |
25% |
| Real Estate Rental Income |
* |
| Lease Income |
2% |
| Business Income |
2% |
| Independent Personal Services |
20% |
| Capital Gains Income |
* |
| Timber Income |
* |
| Royalties |
25% |
| Capital Gains from Securities Transactions |
Lesser of 10% of sales or 25%
of the gains |
| Miscellaneous Income |
25% |
|
| |
* Tax rates applied to non-resident corporations without a permanent establishment
are identical to those applied to non-resident corporations with a permanent
establishment. |
Tax Treaties
|
|
As of the end of March, 2003, Korea has entered into bilateral tax treaties(Conventions for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes in income) with 55 countries all over the world.
In addition to the primary objective of avoiding international juridical double taxation, tax treaties serve purposes such as promoting exchanges of advanced technology and capital from abroad as well as encouraging business expansion of domestic companies in foreign countries.
|
| |
Withholding Tax Rates in Korea
|
| Korean-Source Income |
Withholding Tax Rates |
| Gross Revenue from Business |
2% |
| Compensation for Personal Services |
20% |
| Gain Developed from Securities Transactions |
10% of sales price or 25% of the difference
between sales price and seller's original
cost, whichever is less |
| Dividends, Interest, Royalties, and Miscellaneous Income |
25% |
|
| |
In addition to the withholding tax rates given above, inhabitant surtax of 10% assessed on these withholding taxes.
24 hours Korea registration hotline: 852-27826888
24 hours Korea registration faxline: 852-34278882
24 hours Korea registration E-Mail: chan@ata.com.hk
http://www.ata.com.hk
http://www.for-korea.net/
http://www.korea-co.com/
