Is it sufficient to confirm the payment of capital merely by showing the account balance?

No, merely confirming that the account has a balance equal to or greater than the amount of the capital is not sufficient to prove that the capital has been duly paid.

In the incorporation of a company, the subscriber(s) must actually transfer the amount of capital into the designated bank account by means such as remittance or transfer.

To certify the payment of capital, a record of the deposit showing all of the following items is required (such as a copy of a bankbook or an online banking transaction history screenshot):

  1. Name of the financial institution and its branch,
  2. Name of the account holder (the person who receives the capital contribution), and
  3. Date and amount of the deposit.
    Accordingly, a balance certificate or a screenshot showing a sufficient account balance alone is not adequate.
    Please note that it is acceptable to make the payment in a lump sum or in several installments.

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