Establishing a Branch Office in Korea
- Notification of branch office establishment to a foreign exchange bank
- Opening a bank account
- Preparation of documents for submission
- Registration with a Korean court
- Business registration
- Assistance with office leasing
- Related legal consultation
Service Fee
US$2,300.00
What Is a Branch Office in Korea?
To protect those who transact with foreign companies, the Commercial Act imposes certain requirements on foreign companies doing business in Korea.
- Appoint a representative of the branch office in Korea.
- Establish a business office in Korea, or ensure that at least one representative has an address in the Republic of Korea.
- Complete the same registration as a branch of a Korean company of the same or most similar type. A foreign company must register the law governing its incorporation and the name and address of its representative in Korea.
The Difference Between a Branch Office and a Liaison Office
A branch office conducts business activities in Korea to generate profit. This is the principal difference from a liaison office, which does not conduct profit-making business activities and instead performs non-commercial functions such as business liaison and market research.
A liaison office has a limited scope of activities because it may not sell products directly on behalf of its head office.