Establishment of an Agricultural Company Corporation | Hwang Yunsang Administrative Office

Procedure

Procedure type

Notification Difficulty Low
You submit the statutory report form and required documents. Once the documents are in order the report is accepted; for some reports the authority checks the contents before accepting it.

01
Check the farmer requirement for investors: A farmer who manages 1,000㎡ or more of farmland, sells 1,200,000 won or more of agricultural products a year, or engages in farming 90 days or more a year must participate as an investor. This is proven with a farmer confirmation or an agricultural business entity registration certificate.
02
Design investment ratios and business purposes: Divide shares so the non-farmer investment limit is observed, and set business purposes within a scope recognized as agricultural, such as farm management, distribution, processing and sale of agricultural products, and agricultural work services.
03
Prepare articles of incorporation and minutes: Draft the articles of incorporation, shareholder register and minutes of the promoters and board of directors so that farmer investment and business purpose requirements are shown. There is no legal minimum capital, but set the size according to support program plans.
04
Establishment report and registration: File an agricultural company corporation establishment report with the city, county or district of the main office, register the establishment within 14 days from receiving the report certificate, and then register the business.
05
Agricultural business entity registration and change management: Registration as an agricultural business entity with the National Agricultural Products Quality Management Service is needed for policy funds, support programs and tax reductions. If important matters such as the name, purpose or investment amount change, file a change report and recheck the farmer requirement whenever shares change.

Filing route

City, county or district of the main office (establishment report) · competent registry office (establishment registration) · National Agricultural Products Quality Management Service (agricultural business entity registration)

Confirm the current filing office, jurisdiction, and online availability on the official website.

Official check

Actual processing agencyCompetent Korean authority or official service · Competent Registry Office

Statutory and policy authorityMinistry of Agriculture, Food and Rural Affairs

Online routeInternet Registry Office · Competent Korean authority or official service

Deadlines & processing notes

Check deadlines and next steps against the notice, filing date, and any request for additional documents.Official check

Basic documents

Basic documents0 / 7

Farmer confirmation or agricultural business entity registration certificate of farmer investorsArticles of incorporationShareholder register, minutes of promoters and board of directorsEstablishment report to the city, county or district (report certificate attached at establishment registration)Investors' ID and certificate of seal impressionBusiness site lease contract or land and facility documentsAfter establishment: certificate of corporate registration, business registration certificate (for agricultural business entity registration)

If non-farmer investment exceeds the limit when investors change or capital increases, the agricultural company corporation requirement is broken, so check the ratio before changing shares.

Scope of services

Hwang Yunsang Administrative Agent Office prepares and translates documents for administrative agencies, submits them on your behalf, and guides you through permit, application, and notification procedures. Services that require the principal’s personal appearance, principal’s application, or electronic signature may be limited in delegation.