Eternity Law International Ready-made company in Korea

Ready-made company in Korea

April 8, 2020

What is included:

  • Ready-made company in Korea,
  • Account at a local bank,
  • Legal address

Cost: on request.

National Currency: South Korean Won (KRW).

A company is a resident of Korea if its head office or operating office is located in Korea.

Residents are taxed on income earned both domestically and throughout the rest of the world. Non-residents pay taxes only on income from Korea. Branches are taxed in the same way as subsidiaries.

Corporate income tax is levied on the taxable income of the company, which represents its net income for the reporting period, taking into account accounting and taxation rules. With some exceptions, ordinary business expenses are deductible for tax purposes.

There is a progressive rate. The first 200 million won is taxed at a rate of 10%. For the taxable income in amount from 200 million won to 20 billion, the rate is 20%.

If the amount that is taxable is between 20 billion and 300 billion won, the rate is 22%. And finally, 25% of taxable income applies for taxable incomes over 300 billion won.

The local income tax rate is also progressive. In similar intervals of taxable income, these rates are 1%, 2%, 2.2% and 2.5%, respectively.

The total profit rates for the company’s profit are 11%, 22%, 24.2% and 27.5%.

In Korea, companies are eligible for Alternative Corporate Tax. This type of tax has its own profit intervals, which are taxed at a progressive rate degrees of 10%, 12% and 17%.

Small and medium-sized enterprises are entitled to an Alternative tax rate of 7%.

VAT is applicable to goods and services. Among the features are non-residents who provide electronic services (for example, games, audio or video files, software, etc., activated via mobile communication devices or computers).

As well as services to residents of Korea using information communication networks. Starting July 1, 2019, the volume of electronic services is expanding and includes cloud computing, advertising services and other “agent services” provided in order to allow a person to use assets located in Korea.

The standard VAT rate is 10%. The zero rate applies to exports, services provided outside of Korea and not only.

You could be interested

IT company in the UK for Sale

A company is for sale, which is a provider of IT services with a good reputation and a sufficiently high and stable income. The owner, who still manages this company, founded this company more than 20 years ago. The project is located in the West Sussex region, serving clients in Sussex and Hampshire. The company...

Ready-made company in Ireland with local bank account

What is included: Ready-made company in Ireland, Local bank account, Legal address Cost: on request. A company is considered local in Ireland if: it is registered domestically, or it is managed and governed from Ireland. However, there are some nuances. In particular, companies registered in Ireland from January 1, 2015, are considered local companies for...

Ready-made company with active bank accounts in Spain for sale

For investors who want to enter the international market, we are offering a ready-made company with active bank accounts in Spain for sale. The company is ready for activity from the first days of ownership by the new owner. What does the offer to buy a ready-made company with bank accounts in Spain include? The...

Ready-made company with 3 bank accounts in Hungary for sale

Company is incorporated in Hungary: ready-made company in Budapest, Hungary; year of company incorporation: 2019; three bank accounts in dollars, euros and forints, opened in OTP bank in January 2020; the company didn’t conduct any activities; the company has not any fines, obligations etc. Asking price: on a request For details: Telegram: @dmitriyELI Please...

Offshore company in Belize

An offshore company in Belize is a very attractive option from this point of view, probably one of the favorites. If only because the requirements for obtaining a license here are very loyal, and document management and submission of financial statements are not strictly regulated. Do not think that the Belizean government has completely lost...

Ready-made company in Iran

What is included: Ready-made company in Iran, Local bank account Legal address Cost: on request. The government has created in Iran many free economic zones and special regions that are designed to promote external investment. Foreign entrepreneurs who will register and conduct their activities in these territories are offered more favorable tax rates depending on...
Fill the blank:


Dreikonigstrasse, 31A, Stockerhof


Baseina street, 7


Grosvenor Gardens, 52

New York

1178 Broadway, 3rd Floor #3353 New York, NY 10001


Gediminas Avenue, 44A


Kesklinna linnaosa, Tuukri 19


Lochrin Square, 1


Jacovides Tower, 5 floor


Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai


Level 42, Suntec Tower Three, 8 Temasek Boulevard


20 Martin Place


2609 Avenida da Boavista


Revaz Tabukashvili Str., N 45, area N 7