Kronenburg Estates S.L.

South Korea maintains a visa waiver agreement list and a designated visa-free entry list with countries not included on those lists requiring a visa to enter the country. In addition, foreigners wishing to engage in certain activities such as diplomatic work, gainful employment, study or residence must apply for the appropriate visa prior to engaging in that activity in country.

The Korean government does not recognise North Korea as a country and defines the entire Korean peninsula as South Korea territory. Holders of North Korea passports will be treated as a citizen of South Korea, cannot be admitted to South Korea as a foreigner, and will go through special immigration procedures

VISA TYPES

Corporate Investment (D-8) visa

The Corporate Investment (D-8) visa is issued to foreigners who are going to own and manage a small or medium business in South Korea or who are sent as specialists to work at businesses owned by companies outside Korea. Individuals wishing to apply for this visa on their own must invest a minimum of 50 million won.

The amount of money required as an investment by foreigners to obtain the visa has risen over the years. In 1991 a foreign investor was required to invest only 25 million won, then in 2001 this was raised to 50 million won. In 2010 the government announced that it was looking to increase this further to 100 million for a number of reasons. Due to inflation, a rise in the cost of living and other costs they felt that 100 million was more representative of what was required as a minimum investment to start a business in Korea. However, there was also concern that some foreigners were taking advantage of the visa and using it to reside permanently in Korea without actually creating any business. Once the visa has been issued the government doesn't keep track of the investment, so some foreigners were using agents who provided the investment money for a fee in order for them to obtain the visa. Concern was raised that the increase would do nothing to deter abuse of the visa and would instead discourage foreign investment in Korea. The regulations surrounding the visa and foreign business ownership have been criticized for requiring a Korean guarantor even though the foreigner has invested a large sum of money and been given permission to open nearly any business they wish.

Visa-free entry

Holders of passports issued by the following 117 jurisdictions do not require a visa to enter South Korea for up to the limit listed below:

Up to 180 days

Up to 90 days

Up to 60 days

Up to 30 days

1. - For British passport holders, only British citizens and British National (Overseas) enjoy visa-free entry.
2. - Except for French passports issued in New Caledonia.
3. - For French passports issued in New Caledonia.

Business Assessment form

If you are considering about doing business abroad and you are seeking more information on your eligibility or wish to validate information provided by our partners or other advisors, please use this assessment to get in touch with us.

Within 72 hours we will be more than happy to evaluate your potential, answer all your questions, clarify all points of interest, and provide you with valuable recommendations, without any obligations on your part.

At '.Kronenburg .' we value privacy. No information will be shared with third parties under any circumstances.

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100.000 - 500.000 500.000 - 1.000.000 1.000.000 - 3,000,000 3.000.000 - 5,000,000 > 5,000,000

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