If you're a foreign trader with exceptional skills seeking a smoother stay in Korea, the D9 Trade Visa could be your solution. This visa program is tailored to your needs, incorporating a unique scoring system that evaluates trade proficiency, domestic residency experiences, and other factors.
The D9 Trade Visa revolutionizes the way outstanding foreign traders experience life in Korea. It offers a range of eligibility criteria, allowing permits and residency status changes for individuals scoring 60 points or above out of 160. This flexibility extends to long-term residents with extensive domestic stay experiences, although extension permits are solely based on trade performance.
To qualify, applicants must demonstrate proficiency in Korean (TOPIC 3+) and achieve a score of 60 points or higher in the Trade Visa scoring system. Essential categories require a minimum of 10 points, along with possession of a business registration certificate. For joint representatives, the total score is divided, and only the resulting score is considered. Additionally, business registration under the 'trade' category and a lease agreement for a separate business facility in the applicant's name are mandatory.
The D9 Trade Visa's scoring system encompasses various categories, including trade performance, expertise, domestic stay period, education, and additional points for specific qualifications. Each category contributes to the overall score, determining the visa's issuance or extension.
Extension permits are granted based on scores obtained in various categories, with durations ranging from 6 months to 2 years, depending on the total points accumulated. Notably, higher scores indicate a longer extension period, emphasizing the importance of maintaining trade performance and meeting other eligibility criteria.
In essence, the D9 Trade Visa redefines how foreign traders access opportunities in Korea. Its intricate scoring mechanism ensures a fair and balanced approach to residency transitions, reflecting a commitment to accommodating valuable contributors while preventing misuse. For expert guidance through the visa application process and assistance with Korean business regulations, Pearson & Partners stands ready to help. Reach out to us for personalized support tailored to your needs.