Eligible Businesses
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- Eligible Businesses
Businesses eligible for tax reductions or exemptions are defined in Article 121.2 of the Restriction of Special Taxation Act and Article 116.2 of the Enforcement Decree of the Act.
| Category (Related law) | Investment Requirements | |
|---|---|---|
| Eligible Business | Foreign-Invested Amount | |
| Technologies for new growth engine industries and source technologies, technologies for materials and production processes directly related to new growth engine industries
※Attached Table 7 of the Enforcement Decree of the Restriction of Special Taxation Act, Attached Table 14 of the Enforcement Rules of the Act
|
Factory establishment and operation for businesses | At least USD 2 million |
| Companies in foreign investment zones (individual-type), free economic zones, Jeju Science Park, Jeju Investment Promotion Zone, etc., that are subject to deliberation and approval of the relevant committee as prescribed by Article 18.1.2 of the Foreign Investment Promotion Act ※ Companies in zones that were formerly known as free export zones are granted the same tax reductions or exemptions as companies in foreign investment zones (individual-type). |
Manufacturing, etc. | At least USD 30 million |
| Tourism | At least USD 20 million | |
| Resort | ||
| International conference facilities | ||
| Youth training facilities | ||
| Logistics | At least USD 10 million | |
| SOC | ||
| R&D | At least USD 2 million | |
| Joint Venture | At least USD 30 million | |
| Companies in free economic zones | Manufacturing | At least USD 10 million |
| Tourism | ||
| Resort | ||
| International conference facilities | ||
| Youth training facilities | ||
| Logistics | At least USD 5 million | |
| Medical institutions | ||
| R&D | At least USD 1 million | |
|
Development project entities in free economic zones
※ Article 8.3 of the Special Act on Designation and Management of Free Economic Zones
|
Total development project worth at least 500 million - Foreign invested amount of at least USD 30 million, or - Foreign investment ratio of at least 50% |
|
| Development project entities in Jeju Investment Promotion Zone | Total development project worth at least 100 million - Foreign invested amount of at least USD 10 million, or - Foreign investment ratio of at least 50% |
|
| Companies in foreign investment zones (complex-type) as prescribed by Article 18.1.1 of the Foreign Investment Promotion Act | Manufacturing | At least USD 10 million |
| Logistics | At least USD 10 million | |
| Companies in enterprise city development zones | Manufacturing, etc. | At least USD 10 million |
| Logistics | At least USD 10 million | |
| R&D | At least USD 2 million | |
|
Development project entities in Enterprise Cities
※Article 10.1 of the Special Act on the Development of Enterprise Cities
|
Total development project worth at least 500 million - Foreign invested amount of at least USD 30 million, or - Foreign investment ratio of at least 50% |
|