Fees and timelines

Fees

payment by instalmentSouth 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$11,953, including company incorporation, and corporate bank account. Refer to draft invoice embedded here.

Different South Korea entity typesCostDraft invoice
LLCUS$11,953View invoice PDF
JSCUS$13,763View invoice PDF
Branch OfficeUS$12,703View invoice PDF
Rep OfficeUS$11,343View invoice PDF
South Korea LLC without travelUS$22,553View invoice PDF
LLC + bitcoin bank accountUS$14,953View invoice PDF
Korea cryptocurrency transfer solutionUS$33,293View invoice PDF
Korea crypto LLC with resident nominee servicesUS$20,903View invoice PDF
South Korea free zone LLCUS$12,953View invoice PDF
South Korea LLC company transferUS$8,013View invoice PDF
South Korea LLC with cryptocurrency exchangeUS$19,903View invoice PDF

Click here to create your own South Korea invoice

Timelines

The average time period required to setup a company in South Korea is 8 weeks as outlined below:

ServiceTax resident LLCJoint Stock corporation (JSC)Branch of a foreign companyRepresentative officeCryptocurrency LLC
Engagement planning1 week2 weeks2 weeks2 weeks1 week
Company incorporation period2 weeks3 weeks4 weeks3 weeks3 weeks
Corporate bank account approval3 weeks4 weeks4 weeks4 weeks6 weeks
Corporate internet banking approval1 week1 week1 week1 week1 week
Engagement completion1 week1 week1 week1 week1 week
Total engagement period8 weeks11 weeks12 weeks11 weeks12 weeks

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