South Korea

South Korea

South Korea

Location

Located in the southern part of the Korean Peninsula.Its neighbor is China.

Economy

Ranks 15th in the world by nominal GDP. One of the G-20 major economies. The sixth largest exporter and tenth largest importer in the world.

Language

Koreanese

Legal System

Civil Law

 

South Korea Company
Type Limited Company or partnership company
Name End with ”Ltd.”.
Capital KRW 100,000,000 (around USD 100,000)
Share Prohibited to issue no value or bearer shares.
Share Index Yes
Registered Agent No
Registered Address Yes
Public Disclosure Yes
Min. Shareholder At least one
Min. Director At least one 
Disclosure of Shareholder No
Disclosure of Director Yes
Trading restriction No
Taxation  worldwide Income tax 22%.
Financial Statement Yes
Tax Returns Yes
Account Filing Yes
Audit Report Yes
Accounting Yes
Incorporation Cost USD 2,700
Annual Fee USD 2,500

 

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