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South Korea Company - Annual Compliance Requirements
Korea Companies is required to submit their financial statements when filing their corporate income tax returns. Financial year is a period specified in a company’ Article of Incorporation but it cannot exceed a period of 12 months. Korean Companies with total assets or revenues more than KRW 50 billion are subject to appoint an external audit.
Korea Branch – Registration
In general, there are two types of domestic branches in Korea, namely “Branch” and “Liaison Office”. Although both are categorized as domestic branches, their functions are totally different. A branch can have sales and business activities in Korea to generate profits while a liaison office can only carry out non-sales function, such as quality control, advertisement, market survey, etc.
Frequently asked questions regarding the Incorporation of a Private Limited Company in Korea
There are five main types of companies which can be incorporated in South Korea, including General Partnership (Hapmyeong Hoesa), Limited Liability Partnership (Hapja Hoesa), Joint Stock Company (Chusik Hoesa), Limited Liability Company (Yuhan Hoesa) and Private Limited Company (Yuhan Hoesa). Private Limited Company is the most common form of business entity for foreigners to enter the local market in South Korea (as a "Foreign Invested Enterprise").
Frequently questions regarding the Incorporation of a Limited Company in Macau
What type of Companies can be incorporated in Macau and which is most common form of business vehicle used for foreign investors? There are generally four types of companies which can be incorporated in Macau, including Limited Company, Holdings Limited Company, Unlimited Company and Mixed Company. Limited Company is the most common type of business vehicle used for foreign investors in Macau.
Corporation Registration for Foreign Investors in Canada
Canada is a highly developed capitalist country. Many foreign investors would like to expand their business in Canada. However, starting a business for a foreigner is little complicated and restricted. This article will discuss some frequent questions about business registration for foreign investors in Canada.
Maintenance and Tax Filing Questionnaire of Limited Company in Macau
After a Limited Company is officially registered in Macau, it will have certain compliance requirements. The major ongoing obligations and filings requirements to be made by a Limited Company in Macau are: Maintaining a registered address in Macau; Filing of Complementary Tax Return to the Macau Finance Bureau;
Irish Non-EEA Resident Director Bond Guideline Note
Section 137 of The Companies Act 2014 (section 43 under the old Act) states that if an Irish Company does not have at least one company director who is resident in the European Economic Area (EEA), a Bond must be taken out. It is important to note that this requirement pertains to residency and not citizenship. A company director who holds an EEA passport but resides outside of the EEA would also require a bond.
Common FAQ for Foreign Companies Establishment of A Company in Australia
How long will it take to establish a company in Australia? About one to three weeks. Is there any restriction on the nationality of shareholder or director for an Australia company? There is no particular requirement for the nationality of a shareholder, but at least one director shall be the person in the nationality of Australia.
Canada BC Company Compliance and Maintenance Guideline Note
After successfully registered in Vancouver (British Columbia), the corporations are required to operate in compliance with the Business Corporations Act. This guideline note intends to provide a summary of those on-going compliance requirements for the interest of our clients.
Guide to Starting an Incorporation in Canada British Columbia
Many foreign investors would like to expand their business in Canada. However, starting a business for a foreigner is little complicated and restricted. Federal and many provinces/territories in Canada impose a resident Canadian requirement which provides that a certain number of directors of a company must be “Resident Canadians”. Options for foreigner to form a company are limited