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Q

How do I file an overseas corporation establishment notification?

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I recently opened an orthopedic clinic and outsourced advertising to an external company for promotion. It seems some of the advertising content was caught as false or exaggerated advertising and I'm being investigated for violating the Medical Service Act. I was so busy working that I couldn't check each advertising content individually, and unreviewed content seems to have been included — will I be punished for violating the Medical Service Act? I'd like a medical law specialist attorney's response.

overseas corporation establishment

A

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It seems you are curious about the procedures for filing an overseas corporation establishment notification.


To establish a corporation overseas, several important steps are required.


First, it is important to thoroughly understand the laws of the country in which you wish to establish the corporation.


This is because each country may have different requirements.


It is necessary to check in advance the legal conditions and documents required by the country in which you intend to establish.


Once you have decided on the corporation's name and form, you need to prepare the documents required for establishment.

Generally, you need to prepare establishment contracts or articles of incorporation, identification documents of the representative and shareholders, and proof of capital deposit, etc.


The articles of incorporation here refer to a document that describes the purpose, organization, business operations, etc. of the corporation.


Since required documents may vary by country, it is important to check that country's regulations.


The prepared documents must be submitted to the corporate registration authority of the country in question, and you may need to pay establishment fees.


Afterwards, you must also undergo procedures such as registering with the tax authorities and obtaining a business number.


In addition, you must open a bank account in the corporation's name.

Since each country may have additional regulations or certification procedures, it is good to be aware of the relevant regulations in advance.

Since the overseas corporation establishment and notification process can be complex, it is advisable to seek the help of local legal experts or M&A attorneys.

Getting expert help allows you to proceed with the procedure faster and more accurately.

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