Foreign Investment Procedures
- Home
- Investment Guide
- Foreign Investment Procedures
Foreign Investment Procedures
The procedures to establish a foreign investment consist of foreign investment notification, remittance of the investment capital, registration of incorporation & business registration, and FDI company registration. The procedures applied to foreigners are basically the same as for Koreans except for the two additional steps which are foreign investment notification and FDI company registration. However, in the case of registration as a private business, the step of 'registration of incorporation' is not required.
Foreign investment procedures
- Foreign Investment notification (InvestKOREA (KOTRA), foreign exchange bank)
- Investment capital remittance (foreign exchange bank, hand-carried through customs)
- Incorporation registration (court registry office)
- Incorporation notification and business registration (municipal tax office)
- Paid-in capital transfer to corporate account (foreign exchange bank)
- Foreign-invested company registration (agency where the first notification form was filed)