Electrical Construction Business Registration

Procedure

Procedure

1. 01

   Check the registration standards: At least 3 electrical construction engineers must belong to the business as full-time officers or employees, and at least 1 must hold a professional engineer, master craftsman, engineer or industrial engineer qualification. Capital means real capital of 150,000,000 won or more excluding capital not used for the business, and foreign engineers must hold an intra-company transfer, corporate investment or trade management status of stay.

2. 02

   Obtain the guarantee capacity certificate: The Electrical Contractors' Financial Cooperative or a designated financial institution evaluates financial and credit standing, receives collateral, a cash deposit or an investment of at least 25% of the capital standard, and issues a certificate that it can guarantee at least the standard amount. This certificate must also be issued within 30 days before submission, so obtain it in line with the application schedule.

3. 03

   Prepare attached documents: Prepare documents on the personal details of the applicant (for a corporation, officers including the representative), a corporate diagnosis report prepared under the notified standards, the list of electrical construction engineers with copies of their career certificates, and a copy of the lease. If attached documents are missing or were issued more than 30 days earlier, the designated association sets a period and requests supplementation.

4. 04

   Application and issuance of the registration certificate: When the electrical construction business registration application is filed with the designated association, the engineers' national pension and health insurance enrollment and the office building information are checked through administrative data. If the standards are met and there are no grounds for disqualification, the mayor or governor registers the business and issues a registration certificate and registration booklet.

5. 05

   Change reports and registration standard reports: When the office location, representative, capital or electrical construction engineers change, file a change report with the registration certificate and booklet within 30 days from the date of the change. Transfer of the business and corporate mergers must also be reported, and the registration standards are reported when 3 years have passed from registration.

Filing route

Filing route

Deadlines & processing notes

Deadlines & processing notes

Basic documents

Basic documents

If an engineer leaves or capital decreases after registration and the standards are no longer met, this can be grounds for a disposition, so when a change occurs check the 30-day change report deadline first.