It takes approximately - hours to file and prepare documents for a North Korea -.
The corporate tax is approximately 0% which is - in the world.
Owners of a company in North Korea are not allowed to carry back a loss .
The vat rate in North Korea is 0% which ranks - in the world.
Thin capitalization rules are not in effect.
A corporate director is not permitted, meaning this country is not a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of North Korea, -. Shareholders are disclosed in the -.
Typically companies take - to setup and there are - director(s) required and - shareholder(s) required at the time of incorporation.
Overall we think North Korea is a bad option and have given it a score of - as an IO score, using the Incorporations.IO proprietary formula.
We can help you form a company in North Korea. Click the button above for a no-obligation quote. We will provide you with all the necessary documents to open a bank account as well as a registered office in North Korea, which is required by law.
We can help you with your incorporations needs for an initial payment of just $1000.
Easy Step by Step Process:
The standard process typically takes between two (2) to three (3) weeks depending on when we receive all the required information from you. Once we receive your information, we will email you a complete set of documents for your review within 3 working days upon confirmation of payment. After executing the documents, you will need to mail them to us and we will formally submit your application for filing with the Registry. The Registry will then take about 3-8 working days to process the incorporation and produce certificates necessary for opening your bank account.
Applying for Your Bank Accounts:
Incorporations.IO maintains close working relationship within our extensive network of partner banks to help you apply for and receive banking services that are most appropriate to your specific situation. From the time of verification of incorporation it can take (1) one week to (2) two weeks to apply for and receive a bank account. We work primarily with banks that allow for remotely opened accounts to ensure you are ready to do business as soon as possible.
Applying for Payment Processing:
We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we have partners that can assist you and are happy to help you with introductions that can empower your business.
Start Online or via Phone:
We can get started for you whenever you are ready via a US$1000 initial payment via credit card. I get notified whenever a payment is made here and would send out the welcome letter and initial forms we would need within 12 hours. If you prefer, we can also process via a phone or Skype call.