As company incorporation agents our experience and relationship with the South Korea Companies Registry means we can obtain registry copies of company documents and conduct comprehensive company searches.
Company accounts filed at the South Korea companies registry vary according to the classification of the company. The accounts where filed and available are included in the company search report.
We can provide a copy of the Certificate of Incorporation for any company registered with the South Korean Companies Registry. The Registrar issues a scanned copy of the Certificate of Incorporation electronically which is in Korean and indicates when the company was incorporated under the Investment Promotion Act.
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The shareholders’ register, contains a list of the shareholders and the amount of shares they hold, and the amount paid-up on each share. The company search report we provided includes details of the major Shareholders for a South Korean company.
Companies have a legal obligation to maintain certain company registers, we can provide details of the registered company directors for South Korea companies. The directors names where filed at the registry are included in the company search we provide.
With a South Korea Company Credit Report we conduct an investigation on the target company, include the latest information on the company held by the Companies Registry and credit recommendations are included, where financial data has been analysed.
List Of Companies Of South Korea
A Certificate of Good Standing is usually issued by the companies registry and confirms the company has a status of Good Standing, in South Korea there is no such certificate which is issued by the company registry. The company search report with provide details on the current status of the South Korean company
The Memorandum of Association & Articles of Association documents are not provided by the South Korea registry but, we can provide a copy of the registration certificate from the registry which includes the company name, registered office, registered agent, business activities, authorised capital and issued capital. This document would be in Korean.
The company requires one director and one supervisor. With a Yuhan Hoesa company the director has the authority to represent the company.
How To Get A Korean Certificate Of Business Registration
In Korea, there is no minimum registered capital. If the registered capital is more than 100 million KRW, stamp tax is paid. The total number of shareholders for a Yuhan Hoesa may not exceed 50.
The South Korea company search report will be ordered from the South Korea Companies Registry and is delivered by email. South Korea Company documents are ordered from the South Korea Companies Registry and delivered by courier.South Korea, officially the Republic of Korea, is a country in East Asia. South Korea is a presidential constitutional republic, with the president as head of state. Local currency is the South Korean Won (KRW), the official language is Korean.
South Korea, located on the southern half of the Korean Peninsula, is the eleventh-largest economy in the world. The most important economical sector is the service sector, accounting for 72% of the GDP.
South Korea Company Search
The country is no tax haven in a classical sense and therefore not listed on the black list of tax havens of the EU.
The corporate register is managed by the Supreme Court of South Korea and the Ministry of Finance. Search in the online data bases of the register is only possible in Korean.
To obtain an up-to-date document with an apostille, you must provide a Certificate of registration of the requested company. Without this document, you cannot obtain a document with an apostille for use in another jurisdiction. This document contains basic information about the company at the time of the registration.
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Therefore, the documents issued in South Korea are subject to a simplified apostilling procedure, thus the documents gain full legal value in Convention member states after certified translation.
You can order an extract without mandatory registration or subscription. Just complete our form and our employees will investigate for missing information, provide you with the extract, translate it to English and deliver the original, the translation as well as the bill for our services to you via mail.
There is no risk involved for you as we provide you with the documents in question on a fixed price. If requested, we will have the extract verified and apostilled. The documents are sent to you by mail. Special fees for the apostille apply.
Corporate Registry In Korea
We verify whether a commercial register contains information about the company you are interested in, free of charge. Order a preliminary extract and you will receive the following information:
They recently helped my husband and me with apostilling our marriage certificate. We were very happy with the efficiency of the services and the kindness of the people who worked there. Would highly recommend!
In our video we explain the definition and function of a commercial register and how you can verify the reliability and solvency of your foreign business partner.
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We offer extracts from the commercial registers of more than 100 different registers in countries spread all around the globe. Additionally, we offer annual statements for a variety of companies. The original extract from any commercial register can be sent to you by mail or as a pdf-file via e-mail. Besides that, commercial register extracts can be authenticated with an apostille.
All documents have to be legalized for use abroad. The Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents unites 115 countries of the world and allows the simplified legalization procedure in the form of apostilling. Documents certified with an apostille gain legal force in all Convention member states after certified translation.
Today there are 115 countries that have ratified the Convention. Schmidt & Schmidt offers help with legalization and apostilling of official documents, that might be needed in courts or for notaries.
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When foreign documents have to be presented to local authorities, a certified translation is required. These documents therefore must be translated and signed by a sworn translator and then certified by a notary, court or any other authority.
We work with qualified sworn translators and offer you certified translations of various documents such as contracts, extracts from commercial registers, court decisions and certificates into various languages.
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South Korea Company Formation
During an inspection of the five largest certification bodies in the Eurasian Economic Union in July 2023, significant deficiencies were found in 46.8% of the audit reports used as a basis for issuing EAC certificates.
On 11 January 2024, the Convention of 5 October 1961 Abolishing the Requirement of Legalisation for Foreign Public Documents, also known as the Apostille Convention, entered into force for Canada.
Products sold on the Eurasian market (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) must be safe for consumers and the environment. In order to confirm the safety of products, there are a number of procedures to describe which in the commonly used sense the concept “certification” is usually used, although it is not entirely correct.Starting a business or registering a company in South Korea is possible for almost any individual or foreign company. There are different types of businesses and companies that can be established, depending on the type of activities and relevant laws and regulations.
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KOISRA UP specializes in assisting with the establishment and registration of foreign businesses and companies in South Korea. We guide you from the initial consultation stage, helping you determine the appropriate type of company registration and providing the necessary documents, relevant certificates, notarized translations, power of attorney, assistance with opening a bank account, VAT registration, and even assistance with VISA applications for foreign managers.
In order to ensure the quality of our services, the process of business establishment, registration and incorporation in Korea is done by licensed Korean lawyers.
In South Korea as part of the company incorporation, it should be registered at the Court and Tax office. By the end of the registration process, two registration certifications will be issued.
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Foreign companies or individuals who do not have local residency in South Korea have four main options for setting up and registering a business or company in South Korea:
1. Local Corporation- This type of registration is a local Korean company and is the most common type of incorporation in South Korea. It can be used by both foreigners and Koreans. Unlike Foreign Direct Investment Company (check below), it doesn't require any minimum capital for registration.
2. Foreign Direct Investment Company - Foreign individuals and companies have the option to register a local corporation as a Foreign Direct Investment Company (FDI). The above-mentioned list of types of businesses is applicable. A minimum of 100 Million KRW as capital is required. Unlike a regular local Korean Corporation, depending on their type of activities, FDI companies may enjoy several benefits under Korean law compared to regular local companies.
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3. Branch Office – While FDI Company is consider as local corporation, Branch office is considered as foreign corporation, where the foreign headquarter and the Korean branch are a single legal entity. Branch office can be involved in profit making activities in Korea and exposed to the same tax laws and rates that applied to domestic Korean companies.
4. Liaison Office – Like Branch office,
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