When an angel investor or individual investment association makes an investment (acquisition of new stock) in a venture company under the Venture Company Act, transfer tax exemption may be granted if certain conditions are met according to the Special Taxation Restriction Act. In this case (1) whether the investee startup should already be a venture company at the time of investment or whether it should be certified as a venture entity after investment, (2) whether the investee startup should be a venture company even at the time of transfer of shares after investment, (3) whether an investor must meet certain conditions to be eligible for special tax treatment under the Special Taxation Restriction Act may be an issue. By examining the specific conditions for each of these cases, we have provided advice for angel investors and individual investment associations to be exempted from transfer tax.
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