Table of Contents
- What is the D-8 Visa?
- Eligibility Requirements
- Investment Amount
- Required Documents
- Application Procedure
- Stay Duration and Activities
- Renewal
1. What is the D-8 Visa?
The D-8 visa (corporate investment) is a stay qualification established under Appendix 1, Item 24 of the Enforcement Decree of the Immigration Control Act. It is granted to investors or executives of foreign-invested companies under the Foreign Investment Promotion Act who are engaged in management, administration, production, or technical work in Korea.
2. Eligibility Requirements
- Investment requirement: Investor or executive of a foreign-invested company under the Foreign Investment Promotion Act
- Investment amount: KRW 100 million or more (Article 2 of Foreign Investment Promotion Act)
- No disqualifying factors: No criminal record or immigration law violations
- Investment business: Industry legally permitted in Korea
3. Investment Amount Standards
To be recognized as a foreign investment under Article 2 of the Foreign Investment Promotion Act, the following requirements must be met.
- Investment amount: Acquisition of shares or equity in a Korean corporation or business of KRW 100 million or more
- Investment method: Foreign investment reporting through a foreign exchange bank after remitting foreign currency
- Equity ratio: Holding 10% or more is the basic standard for recognition as a foreign-invested company (exceptions apply for executive dispatches)
4. Required Documents
- Visa application form
- Passport copy
- Foreign investment declaration certificate (issued by KOTRA or foreign exchange bank)
- Corporate registry extract (invested company)
- Business registration certificate copy
- Employment certificate or executive appointment confirmation
- Investment fund remittance confirmation (foreign exchange transaction proof)
- Business plan (for new investments)
5. Application Procedure
- Foreign investment declaration: KOTRA (Invest Korea) or foreign exchange bank
- Establish a Korean corporation or acquire shares of existing company
- Apply for D-8 visa at overseas mission or domestic immigration office
- Visa review and issuance (approximately 2–4 weeks)
- Foreigner registration after entering Korea (if staying 91+ days)
6. Stay Duration and Activities
- Duration: Up to 3 years (1–2 years may be granted depending on circumstances)
- Permitted activities: Management and administration of invested company, board meeting attendance, head office dispatched work
- Restricted activities: Employment at companies other than the invested company (dual employment prohibited)
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