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North Korea
Asia · KP · PRK · Democratic People's Republic of Korea
32.50%
CORP TAX
1.0/10
TRUST
1/5
BANKING
90–365 days
SETUP
TAXATION
Corporate Tax32.50%
Personal Income Tax0.00%
Capital Gains Tax32.50%
VAT / GST15.00%
Withholding Tax20.00%
Territorial TaxationNo
CFC RulesNo
Tax Treaties4
Transfer PricingNo
Tax-Free ZonesYes
Crypto TaxBanned
FORMATION
Govt Registration Fee$5, 000
Annual Renewal Fee$2, 000
CSP Fee (Low)$15, 000
CSP Fee (High)$50, 000
Annual Maint (Low)$5, 000
Annual Maint (High)$15, 000
Timeline90–365 Days
Online RegistrationNo
Min Directors1
Min Shareholders1
Local DirectorYes
Local SecretaryYes
BANKING & COMPLIANCE
Banking Ease1/5
Privacy Index4
Audit RequiredYes
Annual FilingYes
BO RegisterNo
UBO DisclosureYes
FATCA CompliantNo
AEOI ParticipantNo
Correspondent BankingPoor
Crypto RegulationBanned
Digital BankingExtremely Limited to Non-Existent For Foreign Entities.
SUITABILITY SCORES
Overall Trust1.0/10
Holding Company1/5
Trading Company1/5
IP Holding1/5
Startup1/5
Crypto1/5
Asset Protection1/5
Top IndustriesMilitary Products, Mining, Metallurgy, Textiles, Agriculture
Digital Nomad VisaNo
Residency by IncorpNo
Citizenship by InvestNo
incorporator AI Assessment
AUTOMATED ANALYSIS · NORTH KOREA
MODERATE
North Korea is a Asia jurisdiction offering zero corporate tax at 0% with moderate reputation (trust score: 5/10). Company registration typically takes ?–? days with formation costs ranging from $? to $?. Banking ease is rated 1/10.
ADVANTAGES
- +Tax-free zones available for qualifying businesses
- +High privacy standards for beneficial owners
DISADVANTAGES
- −Challenging banking environment for foreign companies
- −Limited startup ecosystem and support
BEST FOR
Privacy-focused structuresRegional operationsLocal market entry
RISK FACTORS
Difficulty opening and maintaining bank accountsRegulatory changes may affect tax and compliance obligations
AI-GENERATED ASSESSMENT · NOT LEGAL OR FINANCIAL ADVICE · VERIFY WITH QUALIFIED PROFESSIONALS
ENTITY TYPES
Private Limited Company
Pte Ltd
Most common corporate vehicle for local and foreign entrepreneurs.
Timeline: 3–16d
Compliance: medium
Min shareholders: 1
Min directors: 1
HoldingTradingIPCrypto
LAST UPDATED FEB 22, 2026
Limited Liability Partnership
LLP
Hybrid entity combining partnership flexibility with limited liability.
Timeline: 7–21d
Compliance: low
Min shareholders: 2
Min directors: 2
Trading
LAST UPDATED FEB 22, 2026
Representative Office
RO
Non-trading presence for market research and liaison.
Timeline: 3–23d
Compliance: low
Min shareholders: 1
Min directors: 1
LAST UPDATED FEB 22, 2026
ARTICLES ABOUT NORTH KOREA
View all articles about North Korea →
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