| General corporate entity | FDI company |
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) |
Establishment process | 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. |
Granted benefits | 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 |
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