Where to Find Your Business Registration Number in South Korea Finding your business registration number in South Korea is crucial for many business operations, including tax reporting and legal compliance. This guide will help you navigate the process. What is a Business Registration Number? In South Korea, the Business Registration Number (BRN) is a unique 10-digit identification code assigned to each company registered with the National Tax Service (NTS). Unique Identifier Legal Recognition Tax Compliance Acts as a primary identifier for your Confirms your company's legal Essential for filing tax returns and business within South Korea. existence and allows you to conduct paying taxes. It also helps prevent tax business activities. fraud. Why is the Business Registration Number Important? Your BRN is indispensable for various business activities and is often required for: 1 3 Opening a Bank Account 2 Obtaining Business Licenses Financial institutions require the BRN to verify your Many business licenses and permits require the BRN to company's legitimacy. ensure proper authorization. Entering into Contracts 4 Accessing Government Services The BRN is often included in contracts to identify the Government services often require the BRN for contracting parties. registration and accessing benefits. Where to Locate Your Business Registration Number The BRN is typically found on official documents issued by the NTS. Here are some common locations: Business Registration Certificate Tax Returns Company Documents The BRN is printed on all tax returns Company documents like invoices and The most direct source for your BRN, submitted to the NTS. contracts often include the BRN. typically issued at the time of registration. Online Business Registration Number Lookup The NTS provides an online portal for searching business registration numbers based on company name or other details. Visit NTS Website 1 Access the official website of the NTS. Search for Business Information 2 Look for a section dedicated to business registration or company information. Enter Company Details 3 Provide the necessary details, such as company name or registration number if known. View Search Results 4 The results will display relevant information, including the business registration number. Requesting a Copy of Your Business Registration Certificate If you need a physical copy of your business registration certificate, you can request one from the NTS either online or in person. Online Visit the NTS website and submit a request with your BRN and other details. Visit a local NTS In Person office with identification and a request for a copy of your certificate. Updating Your Business Registration Information Changes in your company information, such as a change of address, must be reported to the NTS to keep your registration accurate. 1 Notification Submit a notification of change to the NTS through their online portal or by visiting a local office. 2 Verification The NTS will review the notification and verify the updated information. 3 Update Once verified, the NTS will update the official business registration records. Frequently Asked Questions about Business Registration in South Korea Here are some common questions about business registration in South Korea. If you have further questions, consult the NTS website or visit a local office. What are the different types of business registration in South Korea? South Korea offers various business registration types, including corporations, partnerships, and sole proprietorships. Each type has its own requirements and implications. How much does it cost to register a business in South Korea? Registration fees vary depending on the type of business and the specific registration requirements. Check the NTS website for details. How long does it take to register a business in South Korea? The registration process typically takes several days to a few weeks, depending on the complexity of your business. For More Visit: Website : www.jnjkoreallc.com Email : jnj@jnjkoreallc.com