Taxes When Establishing a Corporation
Registration License Tax and Education Tax apply under the Local Tax Act.
Rates
- 0.4% of paid-in capital (Overcrowded Zone: Seoul, parts of Gyeonggi)
- 0.2% outside Overcrowded Zone
- Minimum: KRW 112,500
Education Tax
20% of registration license tax
Example (Seoul, Capital KRW 100M)
- Registration Tax: KRW 400,000 + Education Tax: KRW 80,000 = KRW 480,000 total
3x Surcharge
Companies in Seoul Metro Overcrowded Zone face 3x surcharge.
Vision Administrative Office: FDI registration and tax filing. 02-363-2251