TaxBPO
Your Trusted BPO & Tax Partner in Korea
For foreign investors in Korea, we are your ideal local partner-combining international
quality standards with in-depth local market expertise.
Every day, somewhere in the world, tax and financial regulations and treaties change. Strategies that reduced taxes yesterday may not work today. New opportunities to save money could be missed – especially as you enter new markets. The talented staff in your organization might not have time to keep up with each nuance. Your current advisor may think your company is too small for personal attention, or they may simply be too small to serve you.
Successful companies consider tax and financial implications before they make business decisions, so they do not have to pay more than their legal obligation. This makes international corporate compliance, consulting, and structuring a crucial element in your global strategy.
As a leading tax advisory and BPO service firm in Korea, our professionals, with in-depth knowledge of tax, accounting, commercial law, and related regulations, provide high-quality tax and BPO services. In particular, we specialize in BPO services and tax-related matters, including tax audits, tax appeal, M&A tax consulting, international tax advice on cross border transactions, and transfer pricing for multi-national companies. In addition, based on our extensive experience with various tax projects, we maintain close collaboration with governmental bodies in Korea (e.g., the National Tax Service, the National Pension Service, the National Health Insurance Service, the Ministry of Strategy and Finance, the Tax Tribunal, etc.).
As tax and financial matters grow increasingly important, we listen to our clients’ needs and actively pursue tailored solutions. Our client-focused service will enhance the value of your business.
Korea offers foreign investors a stable and secure operating environment, supported by public safety, world-class infrastructure, a highly skilled workforce, and a dynamic private sector.
We assist multinational companies as well as domestic companies in the domestic tax area for not only tax compliance but also tax consultation, including:
As more companies are doing business globally, it is very important to understand the international tax implications of international business transactions.
We provide global clients with international tax services for both inbound and outbound business including:
As the cross-border transactions are increasing recently due to the globalization, the Korean tax authorities are shifting to more systematic and aggressive audit on transfer pricing issues.
The TP specialist team at Hanul consists of the Korean and U.S. CPAs and tax specialists who are well experienced in TP related issues. The TP specialist team will assist your company not only in identifying the TP risks, but also in proactively finding solutions to reduce the TP tax risks.
Our TP/BEPS services include:
In today's interconnected world, companies are increasingly deploying employees across international borders. This can be for short-term projects, long-term assignments, or permanent relocations. While this global expansion offers significant opportunities, it also creates complex tax challenges. This is where Global Mobility Tax Services play a vital role, providing essential support to both businesses and their mobile employees.
Global Mobility Tax Services are specialized consulting and compliance solutions designed to manage the tax complexities that arise from international employee assignments. The primary goal is to ensure tax compliance for both the company and its employees across all relevant jurisdictions. These services go far beyond simple tax filing; they encompass a holistic approach to managing the financial and administrative aspects of a global workforce.
Global Mobility Tax Services provide a range of critical functions:
BUSINESS PROCESS OUTSOURCING
With over 30 years of experience, we specialize in providing Business Process Outsourcing(BPO) services for multinational companies operating in Korea. Our clients are primarily foreign-invested companies, and we are recognized for delivering Big4-level quality with the flexibility and cost efficiency of a mid-sized firm.
Our comprehensive range of BPO SERVICES includes the following:
Foreign investment in Korea takes place in various forms. A foreign investor may establish a subsidiary company, a branch office, a representative/liaison office, or a joint venture together with a domestic company. In addition, the foreign investor may acquire shares in an existing domestic company, or invest in a listed company in South Korea through the stock market.
To help foreign investors start their business in Korea smoothly, Hanul LLC provides comprehensive professional services at their initial setup including various reporting, registration and advisory services. These highly specialized services are made possible through coordination with our associated law firm.
Our specialized services include:
We assist you with annual statutory and regulatory compliance in Korea. Our experts advise on and assist with all aspects of company administration. We offer services in a wide range of areas, including but not limited to the following:
We offer expertise in dissolution and wind-down of companies in Korea. These services include the withdrawal of registration, dormancy arrangements for legal entities, and business cessation Examples are as follows:
Quite often, the services a company requires are diverse. Outsourcing provides an efficient way to delegate related tasks to one trusted service partner for accounting, financial reporting and consolidation. When needed, we can take total control of the company’s financial affairs. You receive quality supervision and governance through our internal monitoring process and the quality and risk management system.
We can provide tailored solutions to make sure your financial operations in Korea are managed efficiently and your financial reporting is transparent, up-to-date and accurate.
We provide a complete range of financial, accounting and reporting services including international management reporting in any major standards and tax reporting.
As an independent third party, we can manage your accounting processes and your internal and external reporting. This includes providing you with the timely and accurate information that is critical to strategic decision making.
Our services include local statutory bookkeeping, international management reporting under IFRS/IAS, US GAAP, or other major accounting standards, and full consolidated account preparation and reporting.
We provide HR and payroll administration services to help your business manage its most important asset: your people.
Managing companies and bank accounts are closely linked activities. And both require close attention to the client’s instructions.
We support a diverse portfolio of clients ranging from small and medium-sized enterprises to multinational corporations with cash, fund and payment administration services. For smaller businesses where segregation of duties is an issue, our services function as additional internal control of company funds. We offer the following services:
All these functions will be handled by our service team with strict segregation of duties in accordance with our company policies and internal control measures.
Because of its complexity, many companies turn to a specialized party to address their governance and tax compliance issues.
We can support you with preparation of your corporate income tax and compliance obligations. Our professionals with expertise and relevant local knowledge will guide you through the necessary forms and templates and support you with the required checks so that you may focus on running your business.
Other corporate services we provide include the following: