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GLOBAL FOREIGN DIRECT INVESTMENTS (FDI) AND SOUTH KOREAN FOREIGN
DIRECT INVESTMENTS (FDI).
Please note that our buy now links for Foreign Direct Investments (FDI) services from us is at the bottom of this page so have the patience to thoroughly read and understand South Korean FDI services before you get there.
Every country in the world requires a Foreign Direct Investment (FDI) amount or figure of sorts in other to allow companies owned and managed by foreigners or foreign companies to do business in their economies legally and repatriate the funds to their own countries legally without stress or complications.
Foreign Direct Investments (FDI) range from $50,000 to $100,000 to $500,000 to millions or even billions of dollars. However the minimum figure in most countries is $50,000 Foreign Direct Investment (FDI). The major benefit of a Foreign Direct Investment (FDI) is the fact that such company owners or directors can have their residency for as long as one year to five years or even a life time based on the amount of foreign direct investment invested in such countries where they seek to operate by investing in these countries.
This gives you both power and autonomy to do your business in such a country as you may deem fit. It is legal power of the highest caliber. This is why its important to do it in any country that you come into immediately you arrive.
A $50,000 Foreign Direct Investment can give you a business residency of six months to one year and $100,000 can give you a business residency of two years and $500,000 or $700,000 or a million dollars and above can give you a business residency of up to five years. The higher the amount, the higher the residency that's given to the foreign directors or representatives.
Foreign Direct Investment residency permits are renewed when their terms expire when you can show proof of business operations and successes for the terms already allocated or given through your local bank statements in that country where you are doing the Foreign Direct Investment (FDI) and proof of transactions either in manufacturing, import and export or in sales locally and internationally.
It is impossible for foreigners to legally do business in most countries of the world without proof of a Foreign Direct Investment of sorts and this can cause problems and complications when business is conducted by foreigners in some countries without proof of Foreign Direct Investment (FDI).
However this does not apply to international businesses outside the country of your residence but only to local business operations. You do not have the right to make money from business in the country of your residence as a foreigner without proof of Foreign Direct Investment (FDI) except through a job and you must have a job visa for that.
The reasons why most foreigners stay abroad illegally is obvious and its basically because of their inability to come up with these Foreign Direct Investment (FDI) figures. Consequently, they do not have residency permits of sorts and cant legally do business in these countries where they live.
This is where we come in and help because there are strategic ways of doing your Foreign Direct Investment (FDI) abroad and staying legally abroad with your residency permits if you will only consult and contact the experts. Foreign Direct Investment (FDI) figures also represent the amount of foreign workers that a foreign company can have or keep.
For example, a Foreign Direct Investment of only $50,000 means that a foreign company can have only one foreign worker who will be given a residency permit and the higher the Foreign Direct Investment (FDI), the higher the amount of foreign directors that the company can have who will be given residency permits to work and do business in such countries legally.
This is why Foreign Direct Investment (FDI) figures are high but they are well worth it in the long run when you begin to make huge profits from such countries where you have made the Foreign Direct Investments (FDI).
Foreign Direct Investment (FDI) doesn't mean that the money you invest belongs to the government or country that you invest it in. It only means that you have reasonable proof that you are coming to that country to do real legitimate businesses and have the finances to back what you claim in your request for residency.
This money must be deposited in a local bank in the country where you are making the foreign direct investment in your name or company name for verification that indeed you have made a Foreign Direct Investment (FDI). This proof of Foreign Direct Investment (FDI) from your local bankers in the country you seek residency must be taken to the immigration authorities in order to get your residency approved and given. This is Foreign Direct Investment (FDI) in a nutshell.
We offer Foreign Direct Investment (FDI) services globally and will be most interested in helping you do your Foreign Direct Investment (FDI) globally through our global links of global partnership banks through our website www.usbankaccountfornonresidents.com This is why we are considered the foremost and number one global visa and travel company in the world.
Using us guarantees that all is ready and prepared for your arrival in any country of your choice prior to your arrival. This makes your stay and work abroad seamless and stress less and you can easily get down to business on arrival. We manage Foreign Direct Investments (FDI) operations for companies all over the world. It includes full incorporation, employment of local staff, accommodation, transportation, tax clearance/payroll services, full representation, contract application and implementation etc.
South Korea Foreign Direct Investments (FDI) operations and processes.
Foreign Direct Investment (FDI) refers to an investment made by a foreigner for the purpose of establishing a continued economic relationship with a corporation of the Republic of South Korea or a business owned by a citizen of the Republic of South Korea, and is based on the Foreign Investment Promotion Act (FIPA) and other related laws. Foreign Direct Investments differs from a portfolio investment, whose purpose is to earn margins from stock transactions for short term profits.
Foreign Direct Investments FDI, as prescribed in the Foreign Investment Promotion Act (FIPA), includes acquisition of shares or equity of a domestic corporation or business, provision of long-term loans to invested domestic corporations, a contribution to a non-profit organization etc.
Acquisition of Shares or Equity of a Domestic Business
This refers to possession of shares or equity of a corporation of the Republic of South Korea or a business owned by a South Korean citizen for the purpose of establishing a continued economic relationship with the relevant corporation or business (including those being established) through participation in managerial activities.
In order for Foreign Direct Investments FDI to comply with the Foreign Investment Promotion Act (FIPA), both the amount of the foreign investment and the stock ratio must be satisfied as prescribed in the Act.
• Minimum Foreign Investment Amount: 50 million won or $50,000
• Foreign Investment Ratio: 10% or more of the voting stocks or total invested capital
If the relevant investors are 2 or more, each shall meet the same conditions as above. The foreign investment ratio is equal to the ratio upon the completion of the foreign investment. However, when a foreign investor from a registered foreign-invested company makes an additional investment, the above ratio limit does not apply.
Although there are no exceptions in regard to the amount invested, exceptions may be allowed for the foreign investment ratio. That is, even if the foreign investment ratio is less than 10% with the amount of the foreign investment being 50 million won or more, the investment may be qualified as Foreign Direct Investments FDI exceptionally in one of the following cases:
• A contract that allows dispatch or assignment of executives;
• A contract for the delivery or purchase of raw materials or products for a minimum of 1 year or more
• A contract for provision or import of technologies, or joint Research & Development
Long-Term Loans
An investment is recognized as Foreign Direct Investments FDI if the foreign parent company of the foreign-invested company, a foreign investor, or a business under a capital investment relationship with the relevant foreign parent company and the foreign investor provides a loan with a maturity of 5 years or more for the relevant foreign-invested company (on the basis of the loan period stipulated at the initial loan contract).
* A company which has a capital investment affiliation with the parent company
• A company that owns 50 percent or more of the total issued shares or equity investment of its foreign parent company
• A foreign-invested company of which 50 percent or more of its total issued shares or equity investment is owned by its foreign parent company and qualifies for the following:
- A company that owns 10 percent or more of the total issued shares or equity investment of its foreign parent company.
- A company of which 50 percent or more of its total issued shares or equity investment is owned by its foreign parent company.
- A company of which 50 percent or more of its total issued shares or equity investment is owned by a company that owns 50 percent or more of the foreign parent company's total issued shares or equity investment.
• A company of which 50 percent or more of its total issued shares or equity investment is owned by a foreign investor that owns 50 percent or more of the foreign invested company's total issued shares or equity investment.
Contribution to a Non-Profit Organization (NPO)
A contribution to an NPO is recognized as a foreign investment when the NPO has independent research facilities in the field of science and technology, and meets one of the following conditions:
• Having 5 or more regular employees with 3 or more years of research experience and a bachelor's degree in the field of science and technology or with an advanced degree (master's/Ph. D) in the science and technology field.
• Performing R&D for projects attended with high level technologies according to the Tax Exemptions and Exceptions Act
Other contributions to an NPO are recognized as a foreign investment when the investment amount is at least 50 million won and the investment falls under one of the following cases, and only if the Foreign Investment Committee recognizes it as a foreign investment:
• The NPO was established for the purpose of promoting academic, art, medical, and/or education etc. and continues to perform projects to nurture of related experts and promote international exchanges;
• The NPO is the regional headquarters of an international organization which carries out civil or intergovernmental international cooperation projects.
Terminology Definition
Foreign National
• An individual with foreign nationality
• A corporation established under a foreign law (foreign corporation)
• An international economic cooperation organization
- An agent of a foreign government's external economic cooperation operations
- An international organizations such as the IBRD, IFC, ADB etc. which handle
development credit.
- An international organization handling or executing by proxy external investments
• A citizen of the Republic of South Korea who has acquired foreign denizenship
Foreign Investor
A foreigner holding shares etc. or having made a contribution as prescribed in the Foreign Investment Promotion Act
Foreign-invested Company
A business into which a foreign investor makes an investment, or an NPO into which foreign investors have made a contribution
Foreign Investment Environment Improvement Facility Administrator
An individual operating a facility such as a school or medical facility designated by Presidential Promotion Act as a facility to improve foreign investment environment
Investment Object
An investment (investment vehicle) made by a foreign investor as defined by the Foreign Investment Promotion Act to hold shares etc. which qualifies as one of the following:
• A domestic payment vehicle resulting from an external payment vehicle under the Foreign Exchange Trade Act or the exchange of such an external payment vehicle.
• Capital goods.
• Profits (dividends) from shares acquired through foreign investment.
• Industrial property rights, intellectual property rights (copyrights, semiconductor integrated circuit placement rights), and others including corresponding technologies and usage rights for such technologies.
• Remaining property to be distributed to the foreign national from the liquidation of domestic branches, offices, or corporations owned by a foreign national.
• Repayment of loans or other external debts.
• Foreign corporate shares listed or registered in overseas securities markets.
• Shares held by a foreigner under the Foreign Investment Promotion Act, or
the Foreign Exchange Trade Act.
• Domestic real estate owned by a foreigner.
• Funds from the disposal of shares and/or real estate of a domestic business owned by a foreigner.
Capital Goods
• Machinery, equipment, facilities, furniture, components, parts for industrial facilities, and livestock, seeds, trees, fish and shellfish required for the development of agricultural, forestry, and fishery industries;
• Other materials and spare parts recognized by the relevant ministry as required for an initial test operation of the said facilities; or,
• Freight and insurance costs required to import the above, or technologies or services for installation or advices
Foreign Investment Procedures:
The procedures to establish a foreign investment consist of foreign investment notification, remittance of the investment capital, registration of incorporation & business registration, and FDI company registration. The procedures applied to foreigners are basically the same as for South Koreans except for the two additional steps which are foreign investment notification and FDI company registration. However, in the case of registration as a private business, the step of 'registration of incorporation' is not required.
Report and Registration of Foreign Investment
Foreign Investment Report
Foreign investors or their agents can notify their investment at domestic foreign exchange banks in South Korea.
Notifying person: The very foreign investor or an agent
Notification receiver: Headquarters and branches of domestic banks.
Notification processing period: Immediately (the issue of notification certificates)
Since November 1998, the principle of simplified notification policy has been applied to foreign investments. The investment notification types are divided into pre-notification prior to the acquisition of shares, equity, etc. and post-notification following the acquisition of shares or the conclusion of a contract.
The details are as follows:
Pre- & Post-Notification
Category, Notified Items and Remarks
Pre-Notification
Foreign investment through acquisition of new shares etc. or subscription and changes in investment details
Foreign investment through acquisition of existing shares etc. or changes in investment details
Exceptionally, within 30 days from the date of acquisition in the case of acquisition of shares of a listed corporation
Foreign investment through long-term loan or changes in investment details
Exceptionally, within 30 days from the date of acquisition in the case of pre-notification
Post-Notification
Acquisition of shares etc. through mergers etc.
· Acquisition via the issue of new shares such as reserves, revaluation reserves etc. of foreign-invested companies.
· Acquisition through mergers, spin-off, and comprehensive interchange and transfer of shares etc.
· Investment with profits (dividends) from acquired shares.
· Acquisition through purchase · inheritance · attestation · donation
· Acquisition through conversion, interchange and acquisition of CBs, EBs and DRs
Within 30 days from the date of acquisition
Transfer of shares etc.
Within 30 days from the date of contract
Decrease in shares etc. According to Article 439 of the Commercial Law :
Within 30 days from the date of termination of the creditor's notification period
Application for registration, change of registration, or registration cancellation of a foreign-invested company Within 30 days from of occurrence of the case.
Required Documentation
· Two copies of the foreign investment notification form per investment type
(new shares, existing shares, long-term loans etc.)
· Proof of foreign nationality
- For corporations or organizations: copy of registeration issued by the government of the country or other authorized institutions, or other documents proving the said corporation or organization's existence in the country of origin;
- For foreign individuals: National ID card, passport, or other documentation proving his or her nationality, issued by the government of the country of origin, or other authorized institutions;
- In the case the foreign investor holds citizenship of the Republic of South Korea, the above documents can be replaced by a certificate of citizenship issued by the South Korean Government or other authorized institution, or overseas citizen registration certificates etc. issued by overseas legations of the Republic of South Korea;
Additional documents to be attached when necessary:
· Documentary evidence of investment objects;
· Other documentary evidence related to share acquisition;
· Letter of attorney (when the agent of a foreign investors notifies the investment and applies for permits by way of the investor's conferment of an agency).
Foreign Investment Report Procedures by Investment Type
Notification of foreign investments through acquisition of new shares or equity or subscription
Foreigners wishing to make a foreign investment by acquiring newly issued shares or equity from a company operated by a citizen (corporation) of the Republic of South Korea must make a prior investment notification (pre-report).
Four Cases Regarding the Acquisition of New Shares:
Foreigners setting up a new corporation independently, or jointly with a South Korean citizen; Participating in a paid-in capital increase of a domestic company;
A foreigner (individual) operating a private business in Korea;
Giving subscription to an NPO (new share acquisition through subscription)
Required Documents:
· Two copies of the notification form of foreign investment through acquisition of new shares or equity or subscription (letter of attorney to be included for a report made by an agent)
· Nationality certificate of the foreign investor
· Other required documents pertaining to investment objects (only when applicable);
- Valuation certificate for industrial property rights etc.;
- Proof of remaining assets to be distributed to the foreign national from liquidation of branches, offices, or corporations;
- Proof of repayment of loans or other external debts;
- Certificate of shares of a corporation listed in overseas securities markets;
- Certificate of shares held by a foreigner under the Foreign Investment Promotion Act or the Foreign Exchange Trade Act;
- Capital transaction notification certificate for domestic real estate for investment;
- Documentary evidence of funds originating from the disposition of held shares or real estate under the Foreign Investment Promotion Act or the Foreign Exchange Trade Act
- Documentary evidence of a contribution to an NPO.
An application for change must be made when a foreign investor wishes to make a change in a previously reported trade name, title, nationality, foreign investment amount, foreign investment ratio (ratio of shares or equity held by a foreign investor for foreign-invested company's shares etc.), investment method, business to be operated etc.
* Investment in Capital Goods
· A foreign investor is required to make an application to verify the capital goods import account prior to customs clearance after making the foreign investment notification.
Required documents:
- Three copies of the application verifying the capital goods import account;
- Three copies of the confirmation of goods sales document or other evidence of price documentation.
· Application for confirmation of investment in capital goods to be made to the Korea Customs Service
dispatch officer at Invest KOREA after the completion of capital goods import.
Notification of and Application for a Permit for Foreign Investment through the Acquisition of Existing Shares
A foreign national wishing to make a foreign investment by acquiring existing shares from a company operated by a citizen (corporation) of the Republic of South Korea must make a prior investment notification(pre-report). The acquisition of pre-issued shares etc. from a listed corporation under the Financial Investment Services and Capital Markets Act (with the exception of public corporations and corporations of which acquisition of shares is restricted pursuant to Article152 Paragraph 3 of the Act) should be notified (including report of modification) of within 30 days of acquisition.
* In the case that a foreign national has already acquired 9% of shares in the securities market under the Financial Investment Services and Capital Markets Act, and wishes to acquire an additional 3.5% of shares (a case where the total ratio of acquired shares is over 10%), the additional acquisition of 3.5% is recognized as a foreign investment under the Foreign Investment Promotion Act, and a foreign investment notification (or permit application) shall then be made to acquire existing shares. Such cases are considered exceptions to the pre-notification principle, and reports should be made within 30 days of acquisition.
The following are cases of acquiring existing shares:
A direct trade between a foreign investor and domestic shareholders for unlisted stocks;
The acquisition of 10% or more of the shares of a company listed on the KOSPI or KOSDAQ stock index.
Prior permits shall be acquired from the Ministry of Knowledge Economy if a foreign investment is to be made through the acquisition of existing shares of a company in the defense industry (permit application).
Should existing shares be acquired in violation of the permit regulation, voting rights attached to the existing shares shall become void, and an order of the transfer of the shares can be issued by the Ministry of Knowledge Economy.
Required Documents:
· Two copies of the foreign investment notification of the acquisition of existing shares (A letter of attorney must be included for a notification filed by an agent.);
· Certificate of nationality of the foreign investor;
· Documentation confirming the relationship between transferees (for multiple transferees);
· Other documents required for the investment object (when applicable);
- Proof of remaining assets to be distributed to the foreign national from liquidation of branches, offices, or corporations;
- Proof of repayment of loans or other external debts;
- Certificate of shares for corporations listed in overseas securities markets;
- Certificate of shares held by a foreigner under the Foreign Investment Promotion Act or the Foreign Exchange Trade Act
- Documentary evidence of funds originating from the disposition of held shares or real estate under the Foreign Investment Promotion Act, or the Foreign Exchange Trade Act.
An application for change must be made when a foreign investor wishes to make a change in a previously notified trade name, title, nationality, foreign investment amount, foreign investment ratio (ratio of shares or equity held by a foreign investor for foreign-invested company's shares etc.), share transferees etc.
Notification of Foreign Investment by the Acquisition of Shares or Equity via a Merger etc.
The acquisition of shares and equity through a merger is considered different from the acquisition of new or existing shares. The acquisition of shares and equity should be notified within 30 days from the acquisition, and not pre-notified (although post-notification regulations do apply). Most of the notifications of share acquisition through a merger fall under the category of change of registration application by a foreign-invested company.
Cases regarding the acquisition of shares through a merger are as follows:
A foreign investor acquiring shares or equity issued by reserves, revaluation reserves and other reserve funds of a foreign-invested company under legal regulations being turned into capital.
A foreign investor acquiring shares or equity of an corporation to continue to exist or be newly created, by way of shares held at the time of merger and comprehensive exchange of shares between the foreign-invested company and another company, or spin-off of the foreign-invested company.
A foreigner acquiring shares or equity of a registered foreign-invested company from a foreign investor through purchase, inheritance, attestation, or donation.
A foreigner acquiring shares or equity through an investment with profits from legally acquired shares etc.
A foreigner transferring, accepting, or interchanging CB, EB, DR and other similar items into shares etc.
Required Documents:
· Two copies of the share or equity acquisition notification
(A letter of attorney must be included for notification made by an agent.)
· Certificate of nationality of the foreign investors (for new acquisition)
· Documentation proving the acquisition of shares (certified copy of corporation registration and the General Shareholders Meeting Act, the Board of Directors Act etc.)
Notification of Foreign Investment through a Long-term Loan
A prior notification shall be made for a foreign investment in the form of a loan whose maturity is over 5 years to a foreign-invested company by its overseas parent company or a foreign investor, or a company with capital investment relations with the said overseas parent company or foreign investor (pre-notification).
The debtor of a long-term loan is the foreign-invested company. A foreign-invested company being established shall not be the debtor, hence the long-term loan investment notification can only be made after the foreign-invested company has been established.
Also, since a loan is not considered an investment object, it is not to be mentioned in the foreign-invested company registration. However, in order for a long-term loan to be recognized as a foreign investment, a loan arrival notification must be made with the foreign currency purchase (deposit) certificate attached.
Required Documents:
· Two copies of the notification of the foreign investment through long-term loan
(A letter of attorney must be included for a notification made by an agent.)
· Copy of the loan contract
· Documentary evidence of investment relation, and certificate of nationality of the loan provider
An application for change must be made when a foreign investor wishes to make a change to a previously reported loan amount, loan conditions, (interest rate, maturity, grace period) etc.
Foreign Investment Procedures by Investment Type
Investment Fund Remittance.
In principle, investment funds must be remitted through a foreign currency bank under the very foreign investor's name. Funds from domestic sources are not recognized as foreign investments. In the process of paying for stock subscription, the bank issues a stock deposit certificate for subscription payment (required for corporation establishment registration) and a foreign exchange purchase certificate (required for registering a foreign-invested company).
Corporate Establishment Registration & Business Registration
Various required documents shall be taken to the district court and tax office to conclude registration of incorporation and business registration.
Paid-In Capital Transfer to Corporate Account:
When registration of incorporation and business registration procedures are completed, the new company becomes a legally valid corporation. Hence the bank requests the necessary documents and transfers the paid-in capital in custody to the account of the newly established corporation.
Foreign-Invested Company Registration
For the following cases, a foreign investor (or their agent) or a foreign-invested company must register the foreign-invested company at the entrustment institution within 30 days of the occurrence of the causes as follows:
Completion of payment for the investment object (new share acquisition)
Acquisition of existing shares (existing share acquisition)
Acquisition of shares through mergers etc. (new acquisition of CB conversion, spin-off etc.)
Completion of a contribution to an NPO (new acquisition through contribution)
Required Documents:
· Foreign-invested company registration application;
· Certified copy of corporate registration (corporations) or business registration (private business) of a foreign-invested company;
· Copy of the foreign exchange purchase certificate or foreign currency deposit certificate;
· Shareholder register (corporate seal, certified copy of the original) or documentary evidence of transfer of funds for shares;
Additional documents to be attached when necessary
· Documentary evidence of investment object;
- Copy of the completion confirmation of investment in kind (for investment in kind of capital goods);
- Copy of the inspection report by an inspector under the commercial law, or the evaluation report by an evaluator (investment of shares or domestic real estate);
· Other documentary evidence related to share acquisition;
· Letter of attorney to be included for notification made by agents;
Post-Management of Foreign Investment
Registration of Changes in the Foreign-Invested Company
Foreign investors (or their agents) or a foreign-invested company shall register any changes in the foreign-invested company at the entrustment institution within 30 days from the occurrence of the change as follows.
Acquisition of shares through mergers etc.
(acquisition of stocks through mergers, free issue of new shares etc.);
Changes in held equity or investment ratio due to share transfer, or capital reduction of the foreign investor;
Changes in held equity or investment ratio of the foreign investor due to capital increase by a citizen of South Korea;
Changes in trade name, title, nationality of the foreign investor or foreign-invested company;
Other changes in the registration such as foreign investment amount, investment ratio, foreign-invested company address etc.
Required Documents:
· Foreign-invested company registration application
(existing foreign-invested company registration to be returned);
· Certified copy of corporate registration of the foreign-invested company (cancelled items included);
· Copy of foreign exchange purchase certificate or foreign currency deposit certificate;
· Shareholder registration (corporate seal, certified copy of the original) or documentary evidence of transfer of funds for shares;
Additional documents to be attached when necessary:
· Documentary evidence of investment object:
· Copy of investment in kind completion confirmation (for investment in kind of capital goods);
· Copy of inspection report by a inspector under the commercial law, or evaluation report by an evaluator (investment of shares or domestic real estate);
· Other documentary evidence related to share acquisition and documents to prove changes;
· Letter of attorney to be included for notification made by agents.
Notification of Transfer and Capital Reduction of Shares
Foreign investors (or their agents) transferring or reducing shares etc. shall notify the transfer or reduction of shares to the entrustment institution within 30 days from the conclusion of the contract, and within 30 days from the end date of the notified time to creditors. If the receiver of the transferred shares is a new foreign investor, the share acquisition notification procedure can be omitted by attaching a certificate of nationality of the receiver.
Required Documents:
· 2 copies of the notification of transfer or reduction of shares or equity;
· Transfer contract, certified copy of capital reduction change registration, and copies of other documentary evidence of transfers and reductions;
· Letter of attorney to be included for notification made by agents.
Capital Goods Liquidation Notification
Foreign investors or foreign-invested companies shall make a prior notification to the entrustment institution when trying to transfer, lease, or use capital goods that were exempted from customs etc. at the time of import for other purposes than the notified purposes less than 5 years after the date of import report acceptance.
Required Documents:
· 2 copies of capital goods disposition notification
A Foreign-Invested Company's Additional Business Operation or Acquisition of Another Domestic Company's Shares
Foreign-invested companies shall not operate an additional business above the approved limit in business categories where foreign investment is restricted. However, even in restricted categories, foreign investment is allowed if the foreign investment ratio is less than 10%.
Though foreign-invested companies cannot acquire more than the permitted level of shares of other domestic companies operating in restricted categories, there are exceptional cases as follows:
The company whose foreign investment ratio is less than 50%, or where the foreign investor is not the majority shareholder acquires shares of a domestic company;
A foreign-invested company operating financial or insurance business acquires other companies' shares as its whole or partial business activity according to other legal regulations;
The company acquires up to 10% of the total issued shares or total amount of capital investments of a domestic company
Cancellation of Foreign Investment Company Registration
Registration as a foreign-invested company shall be erased when all the shares or equity held by the foreign investor are transferred to a citizen or corporation of the Republic of Korea, or when the held shares or equity no longer exist due to capital reduction by the foreign-invested company. Registration erasure application may be submitted by the foreign-invested company or foreign investor to the entrustment institution. The foreign-invested company registration certificate shall be returned at the same time.
The Ministry of Knowledge Economy may erase the registration of the foreign investor or foreign-invested company in the following cases:
When the registered foreign-invested company ceases its operation or does not conduct business for over 2 years;
When the registered foreign investor or foreign-invested company with permission to acquire existing shares or equity of a company operating in the defense industry does not carry out orders for corrections by the Minister of Knowledge Economy, or other required measures;
When a cause of the dissolution of the registered foreign-invested company occurs;
When a foreign investor applies for registration erasure according to a Presidential decree;
When the foreign-invested company registration is transferred or lent to a third party;
When the foreign-invested company registration is made under the guise of payment for investment objects.
Required Documents:
· 2 copies of the foreign invested company registration erasure application;
· 1 copy of documentary evidence of registration erasure
(certified copy of liquidation, closure certificate etc.);
· The original copy of the foreign-invested company registration
Links To All Required Official Forms and processes.
Please click on any required form to be taken there.
1. Power of attorney (for reference)
2. Application Form for Prior Checking of Tax Reduction or Exemption.
3. Application Form for Tax Reduction or Exemption
4. Real Estate Lease Agreement Form (Monthly)
5. Real Estate Lease Contract Form (Key Money Deposit)
6. Acceptance of Election.
7. Articles of Incorporation.
8. (Form No.1) Notification Form for the Acquisition of Newly issued stock by foreign investor.
9. (Form No.2) Notification Form of Changes to Information Regarding the acquisition of newly issued stock by foreign investor.
10. (Form No.3) Notification Form for the Acquisition of Outstanding stock.
11. (Form No.4) Notification Form for a Change of Information regarding the acquisition of outstanding stock by foreign investor.
12. (Form No.5) Notification Form for Acquisition of Stock or shares.
13. (Form No.6) Notification Form for a Foreign Investment in the form of a long term loan.
14. (Form No.22) Notification Form for the Transfer/Reduction of stocks or shares.
15. (Form No.17) Application Form for Registration of a Foreign-Invested Enterprise.
16. (Form No.18-2) Cancellation of Registration of a Foreign-Invested enterprise.
There is a lot more to Foreign Direct Investments (FDI) like the incentives, tax benefits, investment areas that are permitted and not permitted, investment opportunities, laws relating to Foreign Direct Investments (FDI) etc but lets stop here for now until we get your call showing your genuine interest in investing through Foreign Direct Investments (FDI).
TO BUY OUR FOREIGN DIRECT INVESTMENT PACKAGE ALSO KNOWN AS SERVICE PACK 6 CLICK THE PAYPAL LINK BELOW.
Service Pack 6:
Foreign Direct Investments in Korea (FDI Korea) for investors in the Korean market package. The investment amount is $50,000-$100,000 FDI, and includes full incorporation, accommodation, transportation, tax clearance/payroll services, full representation, contract application and implementation etc The fee is $6000 per investment per person. The hundred thousand dollars you invest is still yours to spend but this money must be deposited in a Korean bank of your choice and must be invested in the Korean market by you in order to be taken seriously. To order this package click the button below:
TO PARTICIPATE IN OUR GLOBAL FOREIGN DIRECT INVESTMENT (FDI) TRAINING OF TRAVEL AGENTS, TAX ADVISERS AND CONSULTANTS KNOWN AS SERVICE PACK 8 CLICK THE PAYPAL LINK BELOW.
Thanks for your immediate decision on moving your life and business forward today.
Anakwe Joseph Chimeleze
President
SKV
P.S. Do yourself a favor. Don't make this difficult. All you have to do is two things:
First, examine where you are right now in your life. Be honest. Think about the bills you have. Think about the time you're spending working in whatever job you're working in, making a dismal amount of money. Think about your life, your family and your friends. It's your choice. I don't know you, or what you're all about. But there's absolutely no one who deep down wants that. Prosperity is your God given destiny.
People who are no different than you have done their FDI's. They're not smarter, they're not luckier, they're not special... they just got their hands on this system a lot sooner than you did.
P.S. Your destiny is in your hands. Today is the day to make that great move of faith. Fortune favors the bold. You need the international exposure. You need the international connections. You need favor. You must move towards favor and not away from it. Success is waiting for you to take this once in a life time opportunity. Stop the procrastination. Don't put it off. Do Do it now. Do it this minute. Make the move now.
