💡 What documents are needed to establish a liaison office in Korea?
If you are establishing a liaison office, please prepare the following documents:
1) Foreign Company Registration Certificate* 2) Power of Attorney for liaison offices Installation Declaration(Power Of Attorney)* 3) Minutes of the Board of Directors Meeting regarding establishment of the Korean liaison offices - Include the name, address, and resident registration number of the representative of the Korean liaison office.
- Include the address of the Korean liaison office and the statement that a liaison office will be established in Korea.
4) Copy of the passport of the representative of the foreign company concerned
5) Passport copy of the Korean representative (D-7 visa is required for residency)
6) Copy of lease agreement for domestic liaison offices
7) Power of Attorney (if declared through a proxy) |
*Documents 1)~3) require translation and certification in the original country.
💡 What are the procedures for establishing a liaison office in Korea?
1. If you send the required documents above,
2. The foreign exchange bank will file a declaration of installation of liaison office in Korea, and
3. Business registration for the liaison office will be carried out. (It takes about 5 business days after the documents are prepared.)
💡 Are there different types of Korean branch offices?
Korean branch offices are divided into business offices (branches) and liaison offices depending on whether they engage in profitable activities.
| Business office (branch)
| Liaison office
|
Issuance of business registration Certificate
| Possible
| Not possible (subscribed by issuing a unique license)
|
Registration status
| Necessary
| Unnecessary
|
Financing
| Possible
| Not possible
|
International creditworthiness
| High
| Very low
|
In the event of profit
| Nontaxable | Unable to remit
|
Tax accounting processing
| Complexity
| Relatively easy |
💡 What documents are needed to establish a liaison office in Korea?
If you are establishing a liaison office, please prepare the following documents:
1) Foreign Company Registration Certificate*
2) Power of Attorney for liaison offices Installation Declaration(Power Of Attorney)*
3) Minutes of the Board of Directors Meeting regarding establishment of the Korean liaison offices
- Include the name, address, and resident registration number of the representative of the Korean liaison office.
- Include the address of the Korean liaison office and the statement that a liaison office will be established in Korea.
4) Copy of the passport of the representative of the foreign company concerned5) Passport copy of the Korean representative (D-7 visa is required for residency)
6) Copy of lease agreement for domestic liaison offices
7) Power of Attorney (if declared through a proxy)
*Documents 1)~3) require translation and certification in the original country.
💡 What are the procedures for establishing a liaison office in Korea?
1. If you send the required documents above,
2. The foreign exchange bank will file a declaration of installation of liaison office in Korea, and
3. Business registration for the liaison office will be carried out. (It takes about 5 business days after the documents are prepared.)
💡 Are there different types of Korean branch offices?
Korean branch offices are divided into business offices (branches) and liaison offices depending on whether they engage in profitable activities.