South Korea business visa is issued for short-term and long-term purposes to people who intend to invest in or run a business in the country. Those who intend to come to South Korea using this visa must consider the minimum capital.
All you need to know about a South Korea business visa, including visa requirements, documents, and application process, is covered here.
South Korea Business visa: Requirements
To be eligible for a South Korea business visa, you must consider the following:
- You must have sufficient expertise to work in public or private organizations. In these organizations, you must be able to repair, install, or operate imported machinery.
- You need to be able to work as a manager or specialist in a company in Korea.
- You must have enough capital to invest in South Korean companies.
South Korea Business visa: Application Process
Applicants who need a South Korea business visa must first have a sponsor. The application process is as follows:
- The sponsor must first complete the application form. The Jurisdiction office processes the application.
- Confirmation of Visa Issuance will be issued to both the sponsor and the applicant if the application is approved.
- The applicant can then prepare the required documents and submit them to the South Korean Diplomatic Office.
- The diplomatic mission examines the application and decides whether to grant the visa.
- You can enter South Korea if your visa application is approved.
South Korea Business visa: Types
- Incorporated enterprise (D-8-1): The D-8 Korean visa is usually issued to foreigners who intend to invest at least KRW 100 million. The D-8-1 visa is valid for five years. This visa is given to those who intend to obtain 10% of their total stock through investment.
- Business venture (D-8-2): The validity of this visa is two years. This visa is appropriate for people who want to establish a business adventure based on advanced technology.
- Unincorporated enterprise (D-8-3): This visa is valid for five years. You need this visa if you plan to invest in a company run by a Korean citizen. You must invest at least KRW 100 million in this company.
- Technology and business startup (D-8-4): This visa is valid for two years. Founders of a tech company with a bachelor’s degree or higher can apply for this visa.
- Intra-company transferee (by FTA) (D-8-91): Those who intend to transfer a corporation under FTA can use this visa.
- Big investor (F-5-5): Those who want to apply for residency in South Korea through investment need this visa. They must invest at least $ 500,000 and hire more than five full-time Korean citizens.
Let’s sum up …
We reviewed the requirements and the application process for a South Korea business visa in the previous sections. In other sections of the Visa Library website, you can get acquainted with other types of visas in this country as well as visas related to other countries.
If you have experience obtaining a South Korea business visa, you can share it with readers through the comments section. Because conveying your experience can be a valuable help for those who want to get a visa. You can also ask your questions through this section, and we will answer as soon as possible.