1. What is the D-8 Visa?
The D-8 visa is a business investment visa that allows foreign nationals to establish or invest in a company in South Korea. This visa was introduced to encourage foreign direct investment and contribute to Korea’s economic growth.
2. Key Requirements
- Investment Requirement: A minimum investment of KRW 100 million (~$75,000).
- Business Operations: The business must have economic significance, create jobs, and show sustainability.
- Visa Duration & Renewal: Initially issued for 1-2 years, with unlimited extensions as long as the business remains active.
- Family Sponsorship: Spouses and children under 18 can apply for an F-3 dependent visa.
- Permanent Residency (F-5): Long-term business operations with economic contributions can lead to F-5 permanent residency.
3. Special Startup Visa (D-8-4)
- Designed for entrepreneurs with innovative business ideas.
- No minimum investment if accepted into a government startup program (e.g., K-Startup Grand Challenge).
4. Case Studies
- Case 1: AI Startup Founder (USA) – An entrepreneur launched an AI-based analytics company in Korea, secured funding, hired local engineers, and later obtained permanent residency.
- Case 2: French Restaurant Owner – A French national invested KRW 200 million to open a restaurant in Seoul, successfully expanded, and maintained a steady revenue stream.
5. Comparison with E-2 Visa (USA)
| Category | E-2 Visa | D-8 Visa |
| Investment | ~$100,000+ | KRW 100M+ (~$75,000) |
| Business | Active business required | Must contribute to Korean economy |
| Duration | 2 years, renewable indefinitely | 1-2 years, renewable indefinitely |
| Spouse Work | Allowed (EAD required) | Work permit required |
| Permanent Residency | Not directly convertible | Eligible for F-5 residency
|
💡 The D-8 visa is ideal for foreign entrepreneurs and investors seeking to operate a business in Korea.
For innovative startups, the D-8-4 visa provides an excellent alternative with relaxed investment
requirements.
|
For inquiries regarding this matter, please contact cpajyr@protax.co.kr!
1. What is the D-8 Visa?
The D-8 visa is a business investment visa that allows foreign nationals to establish or invest in a company in South Korea. This visa was introduced to encourage foreign direct investment and contribute to Korea’s economic growth.
2. Key Requirements
3. Special Startup Visa (D-8-4)
4. Case Studies
5. Comparison with E-2 Visa (USA)
For innovative startups, the D-8-4 visa provides an excellent alternative with relaxed investment
requirements.
For inquiries regarding this matter, please contact cpajyr@protax.co.kr!