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Incorporation process (South Korea)

1. Requirement Review (1 or 2 Weeks)
   
    We collect all requirements and specifications from our clients.
    Then, guide the best solution for our clients and support our clients strategic decision. 

2. Engagement  (1 Day)

3. Client Commitment
 

    After official engagement, clients need to make their commitment for proceeding the project.

    - Engagement fee 
    - Capital Injection to Escrow Account 

4. Preparation of incorporation documents (1 Week)

    Based on clients' requirement, Kayenn Consulting will prepare all the documents for incorporation
    project including translation for basic documents.

    Clients need to follow our instruction. 

5. Lagalizing of incorporation documents (depends on client's side)

    Clients needs to notarize some incorporation documents under our guide and deliver those
    documents to our office in South Korea. 

6. Review all original documents and translation in Korean (1 Week)

    Kayenn Consulting will review all documents form clients.
    If there is no issue, then we will translate every word into Korean. 


7. Company Incorporation (2 ~ 5 Days)

    After confirmation of incorporation documents, Kayenn Consulting will register
   the company to 'Registration Court'. 

8. Tax Number Registration (2 ~ 5 Days)

    After company incorporation and registration, Kayenn Consulting will apply 'Tax number' to
    tax office for the company. 


9. Bank Account (1 ~ 2 Weeks)


    After company incorporation is completed, then the company can apply for a bank account.
    Client can select a bank from our recommendation: 
    (Woori Bank  / KEB Hana Bank / Shin Han Bank / Kook Min Bank or other local bank) 

    If client needs to apply a bank account to global bank such as BOA, Citi and HSBC,
    Kayenn Consulting can support it but incorporation process might be a bit different. 


10. Delivery of all company documents to Clients

 

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