When you hear that high-tech mobile company Samsung and renowned KIA and Hyundai motor companies belong to South Korea, you don’t need to think much that this highly developed country is a leading player in the world of economy. To be precise, it has the 12^th largest GDP in the world, and it is considered as one of the top eleven countries that are expected to dominate the world economy in the upcoming years.

No wonder that in this booming economic scene, you also want to try your luck by setting up a business in South Korea. But I have two news for you. First, this country is welcoming for outsiders who want to test the waters of the Korean business world. That’s good news! But starting a business here is different than in Australia or any other country. You have to prepare some paperwork and do some research if you don’t want to get lost in the dense business world of Korea.

Here I have come up with things that can make things easier for you and bring your invoice template online

Get to Know the Visa Process:

You know that there are different types of Visas depending on your purpose of going to a country, like a residence, student, tourist visa, etc. Similarly, if you are going to a country for the purpose of business, you need a special business visa for that. To do business in Korea, you need a D-8 or D-9 type visa as a D-8 visa is for the corporate investor, and a D-9 visa is for the international trader. So apply to these visa types depending on the nature of your business.

Prepare Essential Documents:

You need to submit important documents along with the visa application. It means that you can’t sleep one night and get up in the morning with the thought: Okay, fine, I want to start a business in Korea. You have to do a lot of homework to collect documents, like business registration from SEC or DTI, bank statement, income tax return, and business permit. Things don’t end here. Under the Korean Civil Law, you also have to submit a Korean translated version of your documents. This struggle is legit, so it is better to take the help of a professional, like Expresstranslate, to avoid the possibility of any mistake.

Find a Local Helper:

Korea has a world of its own in terms of culture, work ethics, legal procedures, and system. So it is always better to have the back of a local who is already aware and adept to this system. Having a representative or cofounder in your pocket will save you from the hassle of paperwork and expanding your business without facing any legal hurdle. You can also hire companies that give out HR management, distribution, and logistics services to make things easier for you.

Final Words:

It is a good decision if you are planning to take a dip into the thriving economy of South Korea. But don’t forget to consider above-mentioned points if you want to have a smooth business venture without major bumps and twists.