Benefits

FIZ Incentives

• Tax Reduction and Exemption for Foreign Investment

  The property acquired and owned by a foreign-invested company to operate a reported business is eligible for a reduction of, or exemption from, acquisition tax and property tax.

• Tax Support for High-Quality Foreign Human Resources

  Special taxation for foreign workers

  50% of income tax reduction and exemption for foreign engineers

  19% of flat tax rate for foreign workers

• Exemption of Customs Duty, Individual Consumption Tax, and VAT for Capital Goods

  Customs duties, individual consumption tax and value added tax are exempted on capital goods through notifications of tax reduction by MOEF.

  exemption is not granted for investments where the existing stocks or shares issued by a company operated by a national or corporation of the Republic of Korea are acquired

• FIZ Rent-Incentives

  Annual rent in a complex-type FIZ shall be determined as at least 1% of the assessed land price

  Additional rent incentives for complex-type FIZ considering size and volume of business(amount of production and employment)

  Rent for an individual type may be free of charge if standards are satisfied