If a foreign investor is purchasing the capital goods to be used as investment in kind, then the price will be determined depending on the other factors concerning shipment and additional cost. For example, if the foreign investor has paid transportation cost and insurance fee until the goods arrive at the destination, then the cost for that will be included in calculating the final price. Thus, the final price will be accepted as the amount of foreign investment.
Process of Investment in Kind
– The price of the capital goods needs to be marked at the time of FDI notification (the price must reflect the exact value of the goods).
– After completing customs clearance, a certificate of completing investment in kind will be issued by the officer at Invest KOREA dispatched from the customs bureau after submitting two copies of the application for the certificate of completing investment in kind and a copy of the certificate of import notification.
– After completing customs clearance, a certificate of completing investment in kind will be issued by the officer at Invest KOREA dispatched from the customs bureau after submitting two copies of the application for the certificate of completing investment in kind and a copy of the certificate of import notification.
