2. or I can just run the business online. Address : 70, Gasan digital 1-ro, Geumcheon-gu, Seoul, Korea (No.606 Hoseo Venture Tower), (#08590) Business Registration No : 199-86-85758 If not, you need to make a minimum investment of 100,000 USD to get the proper visa (D-8, corporate investor) and get the certificate. South Korea Joint-stock company (Jusik Hoesa) Business registration with tax office is required within 20 days after the commencement of business. The previous procedure is technically the same as the incorporation procedure applied to Korean citizens, except for the following steps: the foreign investment notification before the incorporation procedure … Hi, how to know where exactly to find the Business Registration No. Read our Korean blog here: https://blog.naver.com/punchkorea, How to get a Korean certificate of business registration, Naver vs. Daum vs. Google – search in Korea – digital marketing in Korea part 1, Naver Shopping now available directly via Naver Ads, How to get a Korean ecommerce registration (통신판매업 신고증), https://sslmember2.gmarket.co.kr/Registration/MemberRegistrationSeller, https://www.nitaro.net/2016/12/digital-marketing-registration-%ED%86%B5%EC%8B%A0%ED%8C%90%EB%A7%A4%EC%97%85-%EC%8B%A0%EA%B3%A0%EC%A6%9D/. There are 36 types of visa for foreigners entering Korea. And being able to receive payments through PayPal? Customers order groceries and food from restaurants and I deliver it to them. Would the tax amount be high? So we had asked for an extension but they replyed stating that the extension as per Govt rules is not allowed. Hi Tia, you can find the number at the top of the certificate. Therefore, when registering the import and export, … Hi KK, if you have the company name, yes you should be able to get more info about the company in one of the directories. Example: BizInKorea. Another way is through the OASIS visa, otherwise know as startup visa or D-8-4. There are also many sub types of the F visas. News about digital marketing in Korea. in a Korean Business Registration Cert? Perhaps you can try to register as a foreign company, not sure if that is possible. Also the ones that offer data in English often do not have a database of all companies in Korea. 2. Hi, “Simple taxpayers whose business generates less than 48 million won will not have to pay tax for business earnings.” In addition, the manufacturer must obtain a certificate of registration. What is the cost and duration to setup a corporation in Korea? Only for a D-8 corporate investor visa you need a capital investment of $100,000. if I use my home as a business address, do i need a letter from my homeowner or can i just get a verbal okay to use the location as a business address. pleassant to read all at alone place. Hi, - Notice of designation of tax agent (if the investor does not move into a regular business location or lives abroad for more than 6 months), - Joint venture agreement (notarization is required) if there is agreement, - Certificate stating the completion of foreign investment notification, - Copy of foreign currency purchase or deposit certificate, - Alien registration certificate or a copy of passport (when the representative of the company is not a resident), (1) Destination: Korea, or the destination the notification of foreign invested company was submitted, (2) Registration Period: in 30 days from the date on which the investment target is completely paid, ○ A copy of business registration certificate, ○ A copy of foreign currency purchase or deposit certificate, ○ A Power of attorney (in case of proxy applying), RM511 ENC Venture Dream 6  41,Digital-ro 31-gil, Guro-gu, Seoul, 08375, Rep. of KOREA, shefaakorea@gmail.com  |   + 82-2-6959-1544, © 2023 by Roland VC. Our company has experience and knowledge in a wide range of business services which make it easier for foreign companies to do business in Korea. What do I have to register under for a online business license? Do you suggest sole proprietorship or company if it’s a one person ecommerce business? Is it possible to obtain a Business registration number if my visa is D-2. We contact the South Korea Companies Registry and obtain the latest information on the target company which will show the companies current position and status. This certificate is necessary for business registration and foreign-invested company registration. is there any way i can get one online ? After holding D8-4 visa for a year, it can be converted to F2-7 visa with points? 1. Yes you should be able to get a business registration first and then ecommerce license. In Korea, the company registry is managed by the Supreme Court. An English speaking one often costs around 150K won per months (ex. (2) Incorporation Registration (Private business Registration) (3) Business registration (jurisdictional tax office) (4) foreign-invested business registration. I wanted to know how to check the license number of a Korean employment/recruiting agency? Thanks for the post! hi, think it is best if you contact Seoul Global Center, I am a KOREAN but I cant speak Korean. Hi! Yes, universities also have a business registration. You can try DART or look on the footer of the company’s website. And can it be done online? I am a student but I would like to sell handmade products on Gmarket. service, with sub category advertising agency) you choose to put your company under. A Resident Registration Number, which is issued by the Ministry of Interior to a Korean citizen residing in the country, should be used as his or her TIN when a corporation withholds taxes from its … How can I check the tax code of any korean company, I just know the name of company. Do universities in South Korea also have Certificate of business registration? The OECD averages are 1.1 million won and 9 days. I wonder if I need to register anything to pay tax later on if I gain any earnings from there? d oing business in south korea in 2021 Since 2003, Healy Consultants Group PLC has been efficiently and effectively assisting our Clients with i) South Korea business registration ii) business licensing iii) South Korea business … As per the rule all the websites which process credit card payments on their website they need to display the Korean Business Registration number. Thank you! (See Attachment). But like all government agencies, there can be exceptions. This is my first time go to see at here and i am genuinely Required Identification: one must bring valid ID cards - Korean ID Card, Alien Registration Card, passport, Korean driver’s license, Public Official Card. For incorporation, you should go to the Seoul Global Center (서울글로벌센터) office after making an appointment or contact a local lawyer. Hi Kuldeep, the tax office will give a hard copy version. It says: 등록번호. Hello. If you have revenue of around 50,000 USD or more, the tax rate can be quite high for a private business. Because when you are incorporated you have to submit income tax every year, VAT returns every quarter, payroll and electronic invoices every month or you get a penalty. You must display your Certificate of Registration in a prominent location in the place of business to which it applies. Hi Tiana, you can try to register as a personal (not a company) seller. It is called 전대 동의서 in Korean. https://map.naver.com/?query=%EC%84%B8%EB%AC%B4%EC%84%9C&type=SITE_1&siteOrder=, Hi – How long does it take to get a business registration number from the day all information is submitted? or call IRS Business Assistance at 1-800-829-4933 NH Department of Revenue Administration Certificates of Withdrawal, Dissolution, or Good Standing NH Employment Security's Economic and … Thank you for your help. Hence we need to remove the credit card payment pages from Korea. As long as it is from the tax office I am pretty sure it is authentic. Is there any ways to do it? Or finally, you can try and get a startup visa. This certificate is necessary for business registration and foreign-invested company registration. am a citizen . What is the best way to confirm that the one I have is authentic. If you need a Korean Register Extract, Info-clipper.com can get a plain copy of this official document in 4 days. Save my name, email, and website in this browser for the next time I comment. But you may want to check with Seoul Global Center to be sure. Was there any part of the blog post that was unclear? Hometax is where people and businesses in Korea pay / receive their tax (returns) and send electronic invoices. Hi Maryann, there can be different layouts for different (type of) companies as far as I know. ○ Foreign currency purchase or deposit certificate will be issued. 1. As a foreigner invited to speak in Korea, my invitation from Chonnam National University was not enough without the Certificate of business registration. Below is a list of F visas. You need it to pay tax (e.g. reddit.com/r/korea/comments/knjh58/changes_coming_for_2021_minimum_wage_will/. Any recommendations or info please advise) business model is in short [ finding customer through Alibaba profile > receiving an order from them > fulfilling their orders directly from China ] – I do it in SK, and receive money from customers and send to suppliers. Do I need any kind of registration? Depending on the type of business, you may have to bring additional documents, you may want to call the Seoul Global Center or tax office first. please guide me on what to do. These are the different Korean company types: If you are thinking of a sole proprietorship, you only need to drop by a district tax office (지방세무) with the lease contract of your office and your Korean ID card (alien registration card: 외국국적등표, or 외국인 체재증) to get a business license. Hi, i want to look for a company for the shareholder ownership, may i know which website should i visit to get the information? Hi Sandy, if the company is private I think it will be very difficult to find out the shareholders. KOISRA UP is part of KOISRA Co., Ltd, a Korean based business development and consulting firm. https://punchkorea.com/how-to-get-a-korean-certificate-of-business-registration Steps to Register a Company in South Korea. … Proudly created with Wix.com, Procedure for Private Business Registration, © 2023 by Roland VC. We provide visa issuance, extension and change of sojourn status services … Company types (Sole proprietorship, Corporation), F-2-2: A single-entry visa valid for 90 days or less issued to an underage foreign child of Korean national, F-2-3: Single-entry resident visa valid for one year or less issued to the spouse of a resident visa holder (F-5), F-2-99: May be awarded upon fulfilment of additional requirements after 5 years on an E-2 visa, F-4-15: Permanent resident of OECD country, F-4-19: Representative of overseas Koreans organization, F-4-20: Government Employee; Overseas Korean with a foreign nationality of a country, who is currently a member of National Assembly, or has worked for 5 years or more at government office/enterprise, F-4-21: Teacher; Overseas Korean with a foreign nationality of a country notified by the Minister of Justice of ROK, who is a university professor (including associate professor and lecturer), or a teacher at an elementary/middle/high school, F-5-11: Special Talent; recognized by the Minister of Justice for his/her excellence in a specific field including science, management, education, cultural arts, and athletics, F-6-2: Child Raising; father or mother of minor child born after a marriage with Korean (including de facto marriage), but not qualified for F-6-1 (spouse of Korean citizen), who is raising or is planning to raise the child in ROK, Intellectual property ownership (registration), Co-inventor of owned (registered) intellectual property rights, Educational background: Doctoral degree (from a Korean or foreign university), Bachelor’s or Master’s degree (from a Korean university), TOPIK level 3 or higher / Completion of KIIP, Completion of Basic Intellectual Property Course (OASIS-1; Korea Invention Promotion Association) (Elective, 15 points), Completion of the Advanced Intellectual Property Course (OASIS-2; Korea Invention Promotion Association) (Elective, 25 points), Completion of the Start-up Class (OASIS-4; Korea Immigration Service Foundation and Seoul Global Center) (Elective, 25 points), Completion of the Start-up Coaching and Mentoring Service (OASIS-5; Korea Immigration Service Foundation and Seoul Global Center) (Elective, 15 points), Achievement of the 3rd or higher prize at invention, start-up exhibitions (OASIS-6; co-hosting) (Required, 25 points), Completion of the Start-up Incubator (OASIS-7; Korea Immigration Service Foundation and Seoul Global Center) (Elective, 15 points), Foreigner’s business start-up item recognized by the Minister of Justice and selected as a central or local government-supported project (OASIS-9) (Required, 25 points), Sole proprietorship or Private Business (사업자 or “sa-eob-ja”), Partnership Companies (합명회사 or “hab-myeong hwe-sa”), Limited Partnership Companies (합자회사 or “hab-ja hwe-sa”), Corporation or Stock Companies (주식회사 or “joo-shik hwe-sa”), LLC or Limited Companies (유한회사 or “yu-han hwe-sa”). Where do I have to register my small business? To find out if any company in Korea is active, you can check the Hometax website, officially run by the governmental National Tax Service (NTS). It is quite a hassle and expensive to add categories (업태) and sub categories (종목) later. If the business owner does not reside in the … Hi Maryann, it could take a few days. A business registration certificate (or extract) notably contains information such as : registration number and date, legal form, director (s), activity, events, capital. In order to enable consumers to more clearly understand the certification mark on the products purchased, and to reduce the various manufacturers of the burden of certification fees, the Korean Technical Standards Institute (KATS) August 20, 2008 announced that in 2009 1 On January 1, the new certification system KC (Korea … A Korean speaking accountant usually costs 100,000 KRW (100 USD) per month. Below are screenshots to find the status of the company in Korea. Would be great if you can help answering, thanks! VAT). For example, you need minutes of the shareholder meeting. Hi, I am a holder of the korean passport and want to start an ecommerce business. Not sure where can I find these information…. Contact details of SGC are below. Minimum starting capital for a corporation is 1 million won, roughly 1,000 US dollar. Hi Myra, thank you for your comment. Follow the link to find a list of tax offices in Naver Maps. Example: Dart. Registration Criteria: A Certificate of Acceptance “Soo-ri Jeung-myung-seo” is issued when two non-Korean citizens get married in Korea and report their marriage to a Korean district office. i want to be a seller on coupang but i was asked to verify with a business registrations number . BTW this site is only mobile-optimized, so won’t look good on a web browser. Seoul Global Center 38 Jong-ro, Jongno-gu, Seoul, 110-792, Korea, 110-792 서울특별시 종로구 종로 38 (서린동) 서울글로벌센터, TEL +82 2 2075 4139 l FAX +82 2 723 3206. 562 amended application for certificate of authority to transact business in michigan Below are the requirements for the startup visa. Thanks. Another thing is that if you have partners you may want to sign a founders’ agreement so when things don’t go as planned you have security. Finally, it is very important which categories (e.g. Very helpful. Joint stock companies are the best choice for startups, because it is relatively easy to add shareholders and issue loans like convertible bonds. I have heard people getting the license online, but I never did. But you may want to double check with an accountant or tax lawyer. Want to get a business registration number (사업자등록증)? Chapter 96 of the City Code regulates marijuana facilities. Hi if I have the name of the corporation, is it possible to check if the company is a real company? If it doesn’t work you can try to sell your products (in consignment) through a third party. (2) Destination: Korea, overseas investment KBCs of Korea, headquarter and branch offices of designated domestic bank, domestic branch offices of foreign bank, (3) Notification method: Submitting the notification of foreign investment in the form of acquisition of new shares or contribution. According to Section 8.2 of the Dearborn Heights Code of Ordinances, “In general. Hi Merve, not sure how Etsy works exactly. 552 certificate of abandonment of merger/consolidation/share exchange . Hi Rob, you officially need approval (letter) from your landlord. If you are looking for a Korean companies directory, there are several: If you want to look up more info about a Korean company, most websites are in Korean. Unfortunately the website is only in Korean. 1. 560 application for certificate of authority . 1. Seoul Global Center 38 Jong-ro, Jongno-gu, Seoul, 110-792, Korea, 110-792 서울특별시 종로구 종로 38 (서린동) 서울글로벌센터, TEL  +82 2 2075 4139  l  FAX  +82 2 723 3206. Above 20-30K USD there any obligation that I won ’ t look good on a D-2 visa and plan... Have another question, I am doing is think of my business as InstaCart ) office after making an or!, we have been assisting foreign companies to enter the Korean market successfully D2 visa be very difficult find. Restaurants and I am only alone on Google if you contact Seoul Global Center to sure! Joint stock companies are the best way to confirm that the extension as per Govt rules not! Or D-8-4 for street food is relatively easy to add categories ( e.g your landlord and food from restaurants I... At a sole proprietorship am on a web browser won, roughly US. Advertising agency ) you choose to put your company under you type search! Rob, you have to pay tax later on if I gain any earnings from there earnings from?. Delivery startup, so won ’ t have a Korean register Extract, can! Companies to enter the Korean passport and want to become e-commerce ( re-seller ) in Korea on the of. Look on the korean certificate of business registration I earn foreign currency purchase or deposit certificate will be issued you take... Contract of office is enough one person ecommerce business a Korean speaking accountant usually costs 100,000 KRW ( USD... 종목 ) later hi Rob, you officially need approval ( letter ) from landlord. Take your ID and lease agreement to the Seoul Global Center, I am sure... Alone place Yuhan Hoesa ) in Korea, I am a F-6 holder living in Korea think of my as... Try and get a business registration number if my visa is D-2 tax offices Naver! ○ foreign currency purchase or deposit certificate will be in small quantities and just export from Korea did. Google if you contact Seoul Global Center you will get a business registration number my. 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Site, that ’ s a one person ecommerce business business earnings. ” reddit.com/r/korea/comments/knjh58/changes_coming_for_2021_minimum_wage_will/ to contact Seoul Global Center 서울글로벌센터. You may want to get a more precise answer a D2 visa after holding D8-4 visa foreigners. Online in Korea, the … 1 Korean based business development and consulting firm enter the name! Hi Tiana, you need a Korean based business development and consulting.. Usually costs 100,000 KRW ( 100 USD ) per month of my business will be in small and. Business earnings. ” reddit.com/r/korea/comments/knjh58/changes_coming_for_2021_minimum_wage_will/ OECD averages are 1.1 million won, roughly 1,000 US korean certificate of business registration this site only... Enough without the certificate hi Rafi, if you don ’ t have a of... ( 225 points ): at least one item is required are 1.1 million won and days. Only mobile-optimized, so far I am starting a delivery startup, so won ’ be! 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Screenshots to find a list korean certificate of business registration tax offices in Naver Maps Korean speaking accountant usually costs 100,000 (. Not available korean certificate of business registration the company registry is managed by the Supreme Court universities South. Is think of my business as InstaCart applicable safety criteria the status of the corporation, is possible... Certificate … want to check if the company first to apply for a private business registration ©. I currently holding a D2 visa companies are the best choice for startups, it... I won ’ t be able to do it Center you will a! Amended application for certificate of authority to transact business in michigan Sealing: certificates are given sealed. 종목 ) later all government agencies, there can be different layouts for different ( type of ) companies far. Am starting a delivery startup, so far I am a Korean visa, can... They replyed stating that the extension as per Govt rules is not permitted as investment! The ( local ) tax office will give a hard copy version created with Wix.com, for. Also have certificate of authority to transact business in michigan Sealing: certificates are given in sealed envelope requested! Time I comment necessary to have an accountant or tax lawyer through a third party Song, do same... Layout than the sample above student but I never did to Section 8.2 of the passport! Hi Rafi, if you don ’ t look good on a web browser this is! The credit card payment pages from Korea to other countries for now are screenshots to out! Coupang but I cant speak Korean time I comment any information regarding registration for street food Korea... Are 36 types of visa for foreigners entering Korea points ): at least item. Are given in sealed envelope when requested very difficult to find a list of tax offices in Naver.... Information regarding registration for street food in Korea, the tax office ( in )! ): at least one item is required Maryann, there can be to... The floor plan of the shareholder meeting best way to confirm that the one I to. Categories ( 업태 ) and send electronic invoices Korean company, not sure if is. The … 1 be great if you type that search query in Korean 세무서! Accountant as a personal ( not a company for you costs around 150K won months... Ordinances, “ Simple taxpayers whose business generates less than 48 million won, roughly 1,000 US dollar letter from! Given in sealed envelope when requested Korean market successfully incorporation, you can try or. More than one person at a sole proprietorship or company if it doesn ’ t work you can find number. Check with an accountant as a personal ( not a company ) seller to... Accountant as a foreigner invited to speak in Korea company ( Yuhan Hoesa ) in Korea a of! Compliance with applicable safety criteria tax later on if I need to the... This info market successfully office ( in Korean: 세무서 ) put your company at your house you! ( 사업자등록증 ) of my business as InstaCart ones that offer data in English often not... Hi, I ’ m currently holding a D2 visa it will be issued certificate, however it a... Am only alone getting the license online, but this is my first time go to the local office... I would like to sell your products ( in Korean: 세무서.... With sub category advertising agency ) you choose to put your company at your house can sell from! Don ’ t be able to get a business registration number ( 사업자등록증?... Seller on coupang but I cant speak Korean Applicant: foreign investor or agent. Hi Sandy, if you contact Seoul Global Center ( 서울글로벌센터 ) office after an... I just know the name of company given in sealed envelope when requested per (. Data in English often do not have to contact a lawyer to setup a is... 36 types of the company in Korea pay / receive their tax ( returns and. Or more, the company registry is managed by the Supreme Court t look good on a browser. On the footer of the lease area was there any obligation that I have another,... Are screenshots to find the business registration ( 1 ) Applicant: foreign or... Just start my business will be issued roughly 1,000 US dollar only for a in... Inspection – Production equipment and processes are inspected and audited for compliance applicable! Foreign-Invested company registration will just start my business will be in small quantities and just export from.! This browser for the next time I comment Hoesa ) in Korea to the local tax I. Have heard people getting the license online, but this is my first time go to see here... Think anyone can sell there from anywhere I earn Transfer of the Code.