1) “Corporate Nationality Certificate“ of the parent (foreign investor) (Format #1, 3 copies)

2) “Certificate” stating information to be taken from Memorandum and Articles of Association of the Parent Company (Format #2, 2 copies)

3)  Certificate of Corporate Resolution (minute of BOD meeting of the parent) stating a plan for establishment of a Korean subsidiary, size of paid-in capital and business purposes of Korean subsidiary. (Format (#3, 2 copies)

4)  “Power of Attorney” authorizing C.P.A Kook-Hee Lee or his colleague CPA) by foreign investor for preparation of legal documents for company setup, application for tax license, and opening bank accounts of Korean subsidiary. (Format #4, 3 copies)

5)  Power of Attorney” authorizing judicial scrivener by foreign investor for preparation of the minutes of Inaugural shareholder’s meeting and BOD meeting and other legal documents and to have the legal documents notarized by a notary public and filing all legal documents with the court for the registry. (Format #5, 1 copy)

6)  Acceptance letter of inauguration of the position of director and Representative Director to be issued by elected representative director. (Format # 6/ 2 copy)

7)  Residence certificate of Representative Director showing current residence place    (Format # 7 / 2 copy)

8). Photocopy  of passport of Representative Director  (format # 8   )

9)  Acceptance letter of inauguration of position of Directors to be issued by  appointed directors respectively. (Format # 9/ 2 copy)

10)  “Identification Certificate and Power of Attorney issued by the representative director to CPA kook Hee Lee or his colleague CPA for Korean  translation and notarization of all legal documents and translation of Korean language version of all legal documents into English for foreign investor. (Format # 9 / 2 copy)

11)  “Identification Certificate and Power of Attorney d authorized by the appointed directors ( and statutory auditor ) “ to judicial scrivener for  preparation and / or  notarization of all legal documents for inaugural shareholder’s meeting and BOD meeting  But This power of Attorney shall not be prepared in case the paid-in capital of the subsidiary is less than one billion won  ( format # 11 / 2 copy)

12) “Certificate of Personal Signature

13) Report on Seal Impression In Korea the corporate seal of the Representative director registered with the Court registry shall have legal effect on all legal documents or business contracts. instead of personal signature of the Representative director  Accordingly, the seal is required to be registered with the court at incorporation of the subsidiary  and the company obtains corporate seal certificate from the court for verification of truth of the affixed corporate seal on legal documents when proceeding important legal actions

14) Articles of Incorporation

Refer to Topic I-1, Par. 1

Note 1. Format #1, 2, 3, 4, 5, shall be notarized by a notary public and apostilled  in the country of the foreign investors and the directors of Korean subsidiary and. After the notarization and apostille the originals of these documents shall be couriered  to us, CPA firm for filing Report on Foreign Investment to foreign exchange bank and the court

Note 2 Format # 6. 7, 8, 9. 10.11.12.13 shall be signed, notarized by a notary public  and apostilled by the directors or representative director in their country

Note 3. After the notarization and apostille the originals of these documents shall be couriered  to us, Samhwa Accounting .

Note 4. We, Samhwa Accounting,  will send you  blank forms of all the above documents for filling in the blanks.

Note 5. you will be asked to send them back to  us, CPA firm by e-mail ( not PDF file ) after filling in for our prior review and supplement in case of necessity . before singing and notarization  .

The court does not accept incomplete or erroneous documents.

Have a question? Contact Kook-Hee Lee, International Tax Partner, Seoul, Korea.

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