Buy a Shelf Company in Korea

Buying a shelf company in Korea is one of the fastest ways to start a business in this country. Find out below how to acquire one and how our local specialists can assist you.

Can I purchase a ready-made company in South Korea if I am a foreigner?

Yes, this solution addresses foreign investors first of all.

What documents do I need to buy a shelf company in Korea?

Your passport, if you are a foreign entrepreneur.

Can I acquire a ready-made company in Korea remotely?

Yes, through our local agents who can represent you.

What is the procedure for buying a shelf company in Korea?

In Korea, ready-made companies can be bought based on a sale-purchase contract. Our consultants in company registration in Korea can verify for you whether the enterprise you intend to buy represents a safe investment. Moreover, they can elaborate the contract so that every paragraph is clear, or they can analyse the agreement you receive from the seller. This way, you won’t be at risk of signing disadvantageous conditions.

What types of shelf companies are available for sale in Korea?

You can choose between:

• new companies, which have been registered for 1 or 2 years;
• vintage or aged companies, that have been on the shelf for more than 3 years.

How long does it take to buy a Korean shelf company?

You can expect the procedure to be completed in a few days after making all the arrangements with the service provider.

What are the legal forms shelf companies take in Korea?

In most cases, you will find them registered as Korean private limited liability companies.

What does a Korean ready-made company come with?

• its statutory documents;
• the legal address;
• the names of a shareholder and director;
• tax identification code;
• bank account, in certain cases.

Are Korean shelf companies registered for VAT?

You can also acquire such companies; however, most of them come without the VAT number.

What must I do after I buy a shelf company in Korea?

You must amend the Articles of Association (your name must be added as a shareholder). You can also change the legal address, the name of the company, and even add new objects of activity. All new information must be lodged with the Companies Register. Our Korean company formation agents can handle this part.

What are the advantages of a ready-made company in Korea?

The shelf company has legal autonomy, so it gives investors independence in managing their business objectives, compared to a subsidiary or branch in which the parent company keeps its authority in the central issues.

Secondly, the time it takes to establish a new business is longer than if you buy an enterprise which is already registered with the Korean authorities.

When buying a ready-made company in Korea, the longevity it has on the local market can ensure smooth immigration to South Korea. If the company that you purchase has clean records, your investment will enjoy trust from the authorities, from the local public as well as from banks and insurance companies. 

Don’t hesitate to contact our company formation firm in order to get prepared for the purchase of a shelf company.