1. Customs Clearance Procedure for Capital Goods

Investment notification

(1) Place of notification : KOTRA or a foreign exchange bank
(2) Required documents : 2 copies of the investment notification form, foreign investor’s certificate of nationality, power

      of attorney (for notification by an agent)
      ※ Businesses subject to tax reduction/exemption: Apply for tax reduction/exemption to the Ministry of Economy

          and Finance after completing FDI notification

Application for review and confirmation of specification of imported capital goods

(1) Place of application : KOTRA or a foreign exchange bank
(2) Subject of confirmation: 1) Capital goods eligible for customs duty, individual consumption tax and VAT exemption, 2) Capital goods imported by a foreign investor as an object of investment(contribution), 3) Capital goods that a foreign

     invested company imports as a means of international payment or a means of domestic payment incurred by the

     exchange of such a means of international payment, which are designated and publicly announced by the Minister of

     Trade, Industry and Resources
(3) Application deadline: Application for review and confirmation before import declaration is accepted
(4) Required documents: 3 copies of application, documents proving the price (e.g., offer sheet)

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