Korea D-8 Investor Visa: A Concise Guide for Global Entrepreneurs

If you are a foreign national looking to engage in crucial roles such as executive positions, senior management, or expertise within the domains of management, operation, technology, production, or research in a South Korean corporation, the Korea D-8 Investor Visa is a key pathway for you. Governed by the Foreign Investment Promotion Act, the D-8 visa is designed to facilitate the entry of essential professional personnel associated with overseas investment companies. To shed light on the intricacies of this visa category, let's delve into its basic requirements, critical considerations, and the necessary documentation for a successful application.

D-8 Visa

The D-8 visa is issued to essential professional personnel (executives, senior managers, experts) intending to engage in the management, operation, technology, production, and research fields of a South Korean corporation that is an overseas investment company, in accordance with the Foreign Investment Promotion Act.

Basic Requirements

1. Individuals must remit more than 100 million KRW from overseas to establish a domestic corporation for foreign investment.
2. Overseas corporations must remit more than 100 million KRW from overseas to establish a domestic corporation for foreign investment.

Application Documents

• Application form
• Passport
• Photo
• Copy of the Foreign Investment Declaration Certificate
• Certificate of Registration for Foreign-Invested Companies
• Business Registration Certificate
• Certificate of All Corporate Registration Details
• Original statement of changes in shareholder status
• Documentary evidence related to the introduction of investment funds
• In the case of on-site activities, a dispatch order or employment certificate is required.

Considerations

1. Overseas investment funds must be transferred from abroad without exception.
2. The D-8 visa can be applied for only after completing all procedures, including remittance, establishing the corporation, setting up an office and workplace, business registration, and obtaining permits. Therefore, there may be losses if the visa is not approved.
3. The approval of the visa is easier and the review period is shorter for larger investment amounts.
4. In cases of a small investment amount and unclear sincerity of the business, immigration officials may visit the business site for an investigation.
5. The entire process, from preparing notarized documents to opening an account, establishing the company, obtaining permits, business registration, and visa review, takes a minimum of two months or more.
6. Even if rejected, it is possible to reapply by supplementing the documents, but approval may be difficult.

Conclusion

The Korea D-8 Investor Visa under the framework of the Foreign Investment Promotion Act serves as a pivotal instrument for foreign nationals seeking active involvement in diverse sectors of South Korean corporations. By adhering to the stringent yet purposeful criteria outlined in this visa regime, foreign investors and professionals contribute not only to the corporate ecosystem but also foster international collaborations that enrich the economic tapestry of South Korea.

Pearson & Partners, specializing in facilitating seamless expansion into Korea, stands as a trusted ally in this complex process. With expertise in remote incorporation and visa acquisition, Pearson & Partners streamlines the often intricate procedures, ensuring a smooth transition for foreign investors. For the embarking on the journey of investment and professional engagement in South Korea, Pearson & Partners serves as a strategic partner dedicated to navigating the complexities of legal and bureaucratic landscapes. Contact us to embark on a journey toward successful integration and contribution to the vibrant economic landscape of South Korea.