Fees and timelines

Fees

South Korea company incorporation costs in Year 1 amount to US$3,500 and annual company costs in Year 2 and thereafter amount to US$1,000. The average total fees per South Korea engagement amounts to US$9,953, including company incorporation, and corporate bank account. Refer to draft invoice embedded here.

  LLCJSCBranch OfficeRep Office
1.Average engagement costsUS$9,953US$11,763US$10,703US$9,343
2.Draft invoice

Click here to create your own South Korea invoice

Timelines

The average time period required to setup a company in South Korea is 7 weeks as outlined below:

South Korea business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in South Korea, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi