Individual Foreign Business Man D-9-4
A person who plans to run a domestic business or company (with business registration according to the 「Value-Added Tax Act」) after raising a certain amount of foreign capital in accordance with the 「Foreign Exchange Transactions Act」 and 「Regulations of Foreign Exchange Transactions」or an individual businessman of a company with an issued registration certificate of investment after reporting that a company has made a certain amount of foreign investment in accordance with the 「Foreign Investment Promotion Act」
You are eligible to apply for this visa if you are:
1. A person who has completed a business registration under Value Added Tax Laws and plans to manage a company or engage in for-profit activities in Korea, after having invested foreign capitals worth 300 million KRW in accordance with Foreign Exchange Transaction Act and Foreign Exchange Transaction Regulation,
2. A private entrepreneur who has completed the foreigner investment notification and has been issued a certificate of foreign-invested company registration, after having invested 300 million KRW or more in accordance with the Foreign Investment Promotion Act
※ A person signing up for hiring Korean workers is eligible for applying for this visa in the case of making an investment of 200 million KRW or more.
You can apply for a single-entry visa valid for 3 months.
Periods of stay for this visa will be granted initially for up to 1 year.
For more information on Alien Registration or Visa extension, please visit Hi Korea website at www.hikorea.go.kr.
① Visa Application Form (Form No. 17), passport, a photo in a standard format, fee
② A copy of Business Registration Certificate, a copy of business license (not required by all), a copy of Certificate of FDI Company Registration (holders only)
③ Documents (both original and photocopy) of joint venture contract (not required by all)
※ The documents above should include details on the gross capital, equity, profit sharing allocation method.
④ Documents on business fund
– A certificate of wire transfer, certificate of foreign currency purchase, customs declaration,
⑤ Detailed statement of business fund expenditure
– Receipt of purchased goods, office interior’s costs, domestic bank statement
⑥ Any documents proving the sales record
– Trade(import and export) permit, value-added tax or final tax return, etc.
※ Limited to those who has engaged in sales activities with general business visitor visa such as (C-3-4), prior to apply for the D-9 visa
⑦ Documents confirming the existence of your company
– Office rental contract, photographic documents of workplace, offices, and signs
⑧ Pledge to hire Korean(if applicable)
※ The head of Korean diplomatic missions abroad may request for additional documents depending on the condition of the country of residence/jurisdiction if it is deemed necessary for visa evaluation