Getting a business license

Submitted by on

How does one get a business licence to operate as freelance writer based in Korea?

The licence number is required to enable connecting a Korean bank account to Paypal so payments can be deposited into the Korean account.

Re: Getting a business license

Submitted by on

rivate business registration

Establishing and registering a private business subject to the Foreign Investment Promotion Act requires:

  • Foreign investment notification
  • Deposit of investment capital (foreign exchange bank)
  • Business registration
  • Foreign invested company registration

Local corporation registration

Establishing and registering a local corporation subject to the Foreign Investment Promotion Act requires:

  • Foreign investment notification
  • Investment capital remittance
  • Incorporation registration
  • Business registration
  • Transfer of paid-in capital to corporate account
  • Foreign invested company registration