Draft incorporation rules: what changes
Summary
The draft published on 8 April simplifies incorporation. It is not yet final, so current rules still apply.
Key points
- DINs at incorporation: 3 → 5
- DIR-12 dropped for first directors; consent by OTP
- Wider office proof (co-working, property tax, water, gas); risk-based verification
- EPFO, ESIC and bank registrations optional
For Korean companiesOnce final, parents with many directors can get all DINs at once, and co-working addresses become easier to register.