- Documents: One copy of application (preset form), one copy of business plan, two copies of foreign investment report
(Foreign investment Report in accordance with the Foreign Investment Promotion Act)
- For foreign investment, priority is given unless it is in investment-restricted industries.
- Foreign capital is introduced and an incorporated company is established in accordance with the Commercial Act.
(only applicable to a newly-established company)
- A candidate must conclude lease agreements for a factory site or standardized factory building with the Administrative Agency
within 60 days from the permission to move in having been granted.
- A tenant must pay the security deposit at the time of concluding the lease agreement.
The deposit will be returned when the agreement is terminated.
- Deposit for standardized factory building: Monthly rent X 6 months
- Factory site: Monthly land rent x 6 months
- When the foreign investment is completed, a tenant must register as a foreign invested
company within 30 days of the completion documents having been finalized
- One copy of Foreign-invested company registration application form
- One copy of foreign currency purchase certificate (deposit or withdrawal)
- One copy of Corporation Registration Certificate (Business Registration Certificate for self-employed business owners)
- For a foreign investment in another area of Korea, tax incentives are given only when it is a high
technology company or the size of investment meets the specified criteria. However, for foreign investment
in a free trade zone office, tax incentives are given to all regardless of the business type or investment size.
(However, native companies will be given no tax incentives.)
- Application deadline for tax incentives
- New foreign investment: the last day of the taxable year to which the first day of business belongs
- Additional investment: Within 2 years from the reporting of additional investment
- Documents: 3 copies of Application for tax incentives (form by the Restriction of Special Taxation Act),
1 copy of Move-in Permission to the Free Trade Zone office
- Decision and notification: Within 20 days
