General corporate entity
Conditions for establishment
Same conditions for Korean’s establishment but there is a difference in the necessary documents.
One foreign investor to make an investment of KRW 100 million or more as capital amount and needs to own 10% or more of the intended company’s total shares (equities)
Same process with Korean’s establishment process.
Certain process including a foreign investment report is required in order to be recognized as a FDI company.
Equal treatment with general domestic corporate entities.
Tax benefits under the relevant laws and the relevant local government’s policies. Overseas remittance of dividend and liquidated amount, etc. is guaranteed.
Example: find out about the benefits offered in Incheon Free Economic Zone