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Procedures and examples of setting up a Korean liaison office for Hong Kong corporations
We post about the installation of a Korean liaison office commissioned by a state-owned enterprise in Hong Kong.
A Hong Kong state-owned enterprise, whose main business is investment and trade, wanted to establish a liaison office in Gwangmyeong, South Korea to conduct market research. The branch manager in South Korea will appoint employees who will be based in the Hong Kong headquarters and will not apply for a D7 visa as they will be traveling back and forth on commercial multiple visas.
In China, it is very complicated and difficult for state-owned enterprises to obtain authorization to open an overseas account, so they did not want to open a bank account in South Korea.
To set up a liaison office, we received the following documents from the foreign headquarters
To facilitate the process, we self-drafted board resolutions, appointment letters, and powers of attorney that we were unsure of the form or needed to include the required information. We then went through the apostille process in our home country and received the original documents.
- Certificate of Legal Authority
- Board resolutions
- Articles of Incorporation
- Shareholder List
- Letter of Appointment
- A copy of the headquarters representative’s passport
- A copy of the passport of the representative of South Korea
- Power of Attorney
Once your paperwork is complete, the next step is simple.
You have visited a foreign exchange bank and completed the notification of establishing a liaison office and the notification of a designated foreign exchange bank. You do not plan to open an account, but the notification of a designated foreign exchange bank is mandatory.
I then visited the tax office to apply for a unique number and received it two days later.
The process of setting up a liaison office isn’t complicated, but you’ll need to prepare your apostille documents accurately, and visiting a bank you don’t normally do business with can cause delays if they’re reluctant to report you or if the representative doesn’t know what they’re doing.
You’ll also need additional documentation if you’re opening an account.
Inquire about establishing a liaison office in Korea
- Specializing in Korean visa and settlement services for foreigners
- English, Chinese, Japanese, Spanish, and Mongolian support
- The client only needs an apostille
- Non-stop services from documentation, translation, notarization, incorporation, business registration, account opening, and more
- Find an office and get your taxes done
Provide samples for accurate documentation
- 외국인 투자신고 / 지점, 연락사무소 설치신고
- 거래은행 지정신청
- 법인설립 등기
- 사업자등록증 / 고유번호증 발급
- 외투기업등록증 발급
- 은행계좌개설
- 비자발급
- 세무대행
