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ATTORNEY [ licensed to practice in KOREA, U.S.A., ILLINOIS ] LEE, JAE WOOK
∗ [FOR AlienS - ENGLISH LANGUAGE LEGAL SERVICES in Counseling, Application and LITIGATION & TRIAL IN COURTS and TRIBUNALS in KOREA]
INTERNATIONAL DIVORCE, CIVIL, REAL ESTATE, PERSONAL INJURY, DAMAGES, TRAFFIC ACCIDENT, FRAUD, PENAL LAW, CRIMINAL TRIAL, FELONY, GUILTY PLEA, LEASE, RENTAL LAW, IMMIGRATION, INVESTMENT, TAX, INCORPORATION, TRADE, CONTRACT, DISPUTE IN CORPORATION, GOVERNMENT TREATMENT, REFUGEE, REMOVAL, VISA, PERMANENT RESIDENCE, CITIZENSHIP]
For more information for the services Attorney LEE provide for the Aliens who want for legal services in Korea, Please do not hesitate to click the below MENU link for "SERVICES FOR AlienS".

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[Title]
South Korea Investor Residency Program
Start →

South Korea is a very popular place to live and it has a little known residency program too. The South Korea Investor Residency Program offers immediate permanent residency for investors, […]

South Korea Investor Residency Program

Walsh Worldwide Immigration Services

South Korea Investor Residency Program
01
Oct 2014
South Korea is a very popular place to live and it has a little known residency program too.

The South Korea Investor Residency Program offers immediate permanent residency for investors, who invest over USD 500,000 there and employ more than five Korean citizens or residents.

At the end of 2013 Korea issued the first startup visa, by official name of D-8 Visa. This residency permit can be granted to individuals who have a Bachelor’s degree, must own intellectual property approved by the Korean law and a registered company. It was planned to expand the Startup Visa with a mentoring system to facilitate foreign investment and employment. When the applicant’s startup employs at least two Korean citizens and invests KRW 300 million (approximately USD 280,000), the entrepreneur will qualify for a permanent residence permit.

The amount of investment necessary for obtaining the residence permit has risen in the last decade. At the beginning of the Korean Residency program in 1991 the applicants had to invest only 25 million won, but from 2001 already 50 million won. But as cost of living got higher in South Korea these amounts were also considered to low. The government planned from 2010 to increase the required amount for the visa to 100 million won as a minimum investment to launch a business in Korea.

There were other concerns also, as some foreigners were taking advantage of the residency program and used it to live permanently in Korea without real investments. It was a clear mistake that the Korean government after granting the visa forgot to keep track of the applicants and the investment, so foreigners could use borrowed money to obtain the visa.

Foreign employees can also obtain the D-8 visa if they are employed by a foreign invested company under the Foreign Inducement Act. These applicants must have some expertise and must be in a senior position related to management, administration or production.

The required documents are:
– travel document
– application form with photo,
– letter of invitation,
– work contract,
– copy of company registration,
– foreign investment approval letter,
– curriculum vitae,
– affidavit of support from the local company
← End



[Title]
South Korea Investor Residency Program



  27 →   The Sojourn Guide [D-10]  
  26 →   The Sojourn Guide [D-8]  
  22 →   Obtaining D8 Visa  
  18 →   비자 변경  
  17 →   Job Seeker (D-10)  
  16 →   International Trade (D-9)  
  13 →   Religious Worker (D-6)  
  11 →   General Trainee (D-4)  
  10 →   Industrial Trainee (D-3)  

1 [2]   Next →
     
       

[Category]


  • retainer fee
  • consulting fee
  • Resume of Attorney LEE
  • REFUGE, ASYLUM IN KOREA
  • Self Advocacy Statement for case
  • VISA IN KOREA
  • REMOVAL, DEPORTATION
  • B VISA
  • C VISA
  • D VISA
  • E VISA
  • F VISA
  • G VISA
  • H VISA
  • STAY, EXTENSION, CHANGE OF STATUS
  • PASSPORT OF KOREA
  • ADMISSION INSPECTION INTO KOREA
  • IMMIGRATION LAW OF KOREA
  • INVESTMENT IN KOREA
  • EMPLOYMENT IN KOREA
  • NATURALIZATION IN KOREA
  • MARRIAGE IN KOREA
  • 통역(translation, interpretation)
  • china visa
  • Death of Aliens, Estate, Proof of Death

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