Company Registration

The most common form for foreign entrepreneurs is a 주식회사 (Corporation / Jusikhoesa). It requires minimum ₩100M in capital for D-8 visa purposes. Alternatively, a 유한회사 (LLC) is simpler but less common for visa applications.

1. Choose a company name and confirm availability at the registry office. 2. Prepare Articles of Incorporation. 3. Open a temporary bank account and deposit capital. 4. Register at the District Court registry office. 5. Obtain a Business Registration Certificate from the tax office. 6. Register with FIPA if applicable.

Passport copy, proof of address, Articles of Incorporation, capital deposit certificate, director appointment documents. All foreign documents must be notarized and apostilled.

Registration typically takes 7-14 business days. Court registration fees are approximately ₩150,000-300,000. Legal assistance fees range from ₩1M-3M depending on complexity.

Using a virtual office address (rejected for D-8 visa), insufficient capital documentation, not registering with KOTRA/FIPA for foreign investment benefits, and missing the 20-day tax office registration deadline after incorporation.