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ISC All-in-one support package for foreign-invested companies in 2021

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Name Invest Seoul Date21-03-16 17:00

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ISC All-in-one support package for foreign-invested companies in 2021

▣ Overview

  • ○ Target : Foreign-invested companies established or increased capital in 2021(based in Seoul)
  • ○ How to apply : Send application and required documents via email(fdi@sba.seoul.kr)
  • ○ Submission deadline : Until 10th of December, 2021
    ※ First come, First served until all the budget is exhausted

▣ Outline

  • ○ Program : All-in-one package for implementing investment
  • ○ Target : Foreign-invested companies established or increased capital in 2021 ※ Companies should be based in Seoul and the amount of FDI being ₩100M or more ※ Companies with more than ₩1B FDI or more can apply for support of relocation service, office rent, and share-house rent.
  • ○ Contents
    Incorporation & capital increase Support for standard service fee of legal agency depending on the amount of investment ※ First come first served Support for standard service fee of agency depending on the amount of investment
    (ex. FDI ₩100M ⇒ Subsidy ₩420,000)
    Incorporation Support for standard service fee of licensing agency depending on the amount of investment ※ First come, first served, Max ₩5M per company
    Relocation service Provide information of relocation agencies and service fee will be supported. When FDI is more than ₩1B, subsidy will be provided within the ₩5M budget.
    Office rent Provide information of global real estate agencies and office rent fee will be supported.
    Share house rent Provide information of share-house agencies and rent fee will be supported.
    ※ The subsidy will comply with the standard of the Korean Association of Beommusa Lawyer, any exceeding amount will be charged for the foreign-invested companies. ※ For more detailed information or download the application, please refer to the Invest Seoul Center website (https://investseoul.center).

▣ Process

  • Submit documents after selecting an agency and making the transaction
    Corporation(or a proxy)
    ※ When a proxy apply for this program on behalf of the company, they must submit their id card.
  • Application(All year around)
    fdi@sba.seoul.kr
    *Applying by email ONLY
  • After reviewing documents, a subsidy will be provided
    Invest Seoul Center
    (ISC)

▣ Required document

1) Legal Support
Incorporation/Capital increase Licensing
① Application and information usage agreement
② Contract or estimate of law agency
③ Business license or certificate of the agent
④ Payment confirmation of corporate registration tax
⑤ Legal service fee transfer statement and receipt
⑥ A bank account of foreign-invested company
⑦ Certified of corporate register of foreign-invested company
⑧ Certificate of foreign-invested company registration
⑨ Business license of foreign-invested company
① Application and information usage agreement
② Contract or estimate of licensing agency
③ Business registration or certificate of the agent
④ Transfer statement and receipt of licensing service fee
⑤ A bank account of foreign-invested company
⑥ Certificate of the license register of corporate
⑦ Certified of corporate register of foreign-invested company
⑧ Certificate of foreign-invested company registration
⑨ Business license of foreign-invested company
※ For capital increase, it is necessary to submit a Foreign Investment Report or Certificate of Foreign Refund Purchase
2) Rent Support
Relocation Service Office/Share-house rent
① Application and information usage agreement
② Relocation service contract or estimate
③ Business license of relocation agency
④ Service fee transfer statement and receipt
⑤ Bank account of foreign-invested company
⑥ Certificate of corporate registration of foreign -invested company
⑦ Certificate of foreign invested company registration
⑧ Business license of foreign-invested company
① Application and information usage agreement
② lease contract
※ Office must be named of company.
※ Share-house should be named under the CEO
③ Tenant’s id card and certificate of resident registration
※ Foreigners: Certificate of alien registration or domestic residence report
④ Transfer statement of rent fee
⑤ Tenant’s bank account(must be the actual payer)
⑥ Certificate of corporate registration of foreign -invested company
⑦ Certificate of foreign-invested company registration
⑧ Business license of foreign-Invested company
※ For capital increase, it is necessary to submit a Foreign Investment Report or Certificate of Foreign Refund Purchase
※ If any required document is not submitted, your application will be automatically processed as incomplete.

▣ Contact

  • ○ Person in charge : Shin, Sumin (Manager)
  • ○ Department : Seoul Business Agency, Invest Seoul Center, Investment & Startups Support Team
  • ○ Phone : 02-6361-4124 / Email : clare33@sba.seoul.kr