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Every employer in Korea must enrol employees in four mandatory social insurance schemes. Foreign companies rarely dispute the requirement. What catches them out is the administration: when enrolment has to happen, who pays which share, and what triggers an adjustment.
You can incorporate a company in Korea without ever setting foot in the country. What you cannot do is run it from inside Korea without the right visa. That gap catches a lot of foreign founders by surprise, usually after the entity is already registered and the bank account is open.
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Foreign companies entering Korea face one unavoidable first step: Korea business registration....
Choosing where to structure your business isn't just a legal formality. It's a strategic move that...
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If you've already formed a US LLC, you probably assume you know what "setting up a company" involves — pick a name, file some paperwork, get a tax ID, done within a week or two. That assumption is exactly what trips up most US founders approaching a Korea business setup for the first time.
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Business registration with the NTS: within 20 days.
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On August 10th, we hosted a webinar withAustCham Koreaon business registration, walking a room full of foreign entrepreneurs through exactly what it takes to legally set up and operate here. It was a great group, genuinely engaged, and one question came up more than any other, in different forms, all through the session:
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Every founder starts the same way: pick a name, sign a few forms, get a registration certificate."Done".
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Breaking one of the biggest market entry myths
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Singapore's asset management landscape continues to attract global fund managers looking for flexible, tax efficient fund vehicles. While the operational, tax, and structural advantages of a Singapore Variable Capital Company make it a premier choice for global capital, successfully launching and scaling a VCC requires careful operational execution. Beyond the initial incorporation and tax incentive applications, fund managers and foreign investors must navigate ongoing substance requirements, operational workflow integrations, and strategic banking partnerships tailored to Singapore's regulatory ecosystem.
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