Invest in Korea and receive a D-8 visa (2)

1. Overview

In order for a foreigner to invest in Korea and receive a D-8 visa, he or she must prove 1) the authenticity of the business and 2) the source of the investment funds. Once a visa is denied for not meeting the above requirements, it will be difficult to obtain a D-8 visa again, so it is important to prepare supporting documents for the above requirements from the beginning and then apply for a D-8 visa.

2. Sincerity of business

In order to be issued a D-8 visa, the applicant must prove that he or she actually intends to do business in Korea. There are no standardized documents that can prove the authenticity of a business, and appropriate documents must be prepared depending on each individual's situation. The Korean immigration office is examining the authenticity of the business more strictly during the D-8 visa review process due to concerns about illegal employment.

In general, you must submit documents proving your business location in Korea and documents proving your contract with a company in Korea. If you are doing a related business in your home country, it is advantageous to submit documents showing you are doing a related business in your home country (specific supporting documents will depend on each individual situation). It varies depending on the case, so you must prepare sufficient supporting documents with the help of a lawyer).

When investing in a company operating in Korea, it is easy to prove the sincerity of the business, but when establishing a new company in Korea, it is difficult to prove the sincerity of the business, so it is necessary to prove the sincerity of the business from the incorporation stage. You need to secure the documents.

3. Source of investment funds

To receive a D-8 visa, you must prove that the investment funds are your own. If you have raised investment funds with your own earned income, you must submit documents confirming your salary, and if you have disposed of real estate in your home country, you must submit documents proving the disposition of the real estate.