July 12, 2024
UNDERSTANDING BUSINESS VISAS: ENTRY REQUIREMENTS AND PROCESS IN SOUTH KOREA
South Korea, known for its dynamic economy and vibrant business environment, attracts entrepreneurs, investors, and professionals from around the globe. South Korea stands as a beacon of economic strength in East Asia, renowned for its technological prowess, innovative industries, and bustling business environment.
WHY CHOOSE SOUTH KOREA FOR BUSINESS?
South Korea’s strategic location in East Asia, coupled with its advanced infrastructure, technological prowess, and robust economic growth, makes it an attractive destination for business ventures. From multinational corporations to startups, many entities are found in South Korea as a gateway to the broader Asian market. With a supportive business ecosystem and government incentives, the country fosters innovation and international collaboration.
TYPES OF BUSINESS VISAS
South Korea offers several types of business visas tailored to different purposes and durations of stay:
- C-4 Short-term Business Visa: Suitable for short visits to engage in business activities such as meetings, negotiations, or attending conferences.
- D-7 Corporate Investment Visa: Intended for foreign nationals investing in or managing businesses in South Korea.
- D-8 Foreign Investment Promotion Visa: Designed for entrepreneurs and investors establishing new businesses or branches in South Korea.
Each visa type has specific eligibility criteria and documentation requirements, so it is essential to select the visa that best aligns with business objectives.
OTHER RELATED VISAS
- Work Visa (E series visas): For individuals intending to work in South Korea. This includes visas such as E-1 (Professor), E-2 (English teacher), E-7 (Specially Designated Profession), etc.
- Working Holiday Visa: For young adults (usually aged 18-30 or 35) from countries that have agreements with South Korea. It allows them to work and travel in South Korea for a specified period.
REQUIREMENT FOR BUSINESS VISAS
Before applying for a business visa, ensure to meet the following general requirements:
- Original passport with validity at least 6 months ahead of the date of travel
- Completely filled visa application form
- Two photos as per the photo specifications like two copies must be provided, Photo size: 35mm x 45 mm, etc.
- Cover letter from the invitee company
- Proof of identification and nationality
- PAN card
- Adhaar card
- Proof of confirmed travel datesÂ
- Confirmation slipÂ
- Air tickets
- Proof of sufficient funds to support the stay in South Korea
- Travel requisition by employer
- Letter of mission
- Certificate of income or tax payment issued by a public agency
               (2 Year income tax return and Last 6 month’s bank statement)
- Certificate of deposit balance
- Proof of accommodation
- Invitation letter
Hotel reservation
APPLICATION PROCESS
The process of applying for a business visa typically involves the following steps:
- Prepare Documents: Gather all necessary documents, including passport, visa application form, invitation letter, and supporting financial documents.
- Submit Application: Submit the completed visa application along with the required documents to the nearest South Korean embassy or consulate. Some applications may be submitted online through designated portals.
- Visa Fee Payment: Pay the applicable visa processing fee. Fees can vary based on nationality and type of visa.
- Visa Interview (if required): Depending on nationality and visa type, may be required to attend an interview at the embassy or consulate.
- Processing Time: Visa processing times vary, so it’s advisable to apply well in advance.
HOW TO EXTEND BUSINESS VISA IN SOUTH KOREA
To extend visa in South Korea, here are the steps :
- Check Eligibility and Requirements:
- Ensure to meet the eligibility criteria for extending the business visa.
- Must demonstrate a valid reason for the extension, such as ongoing business activities or negotiations.
- Prepare Required Documents:
- Passport: Valid passport with remaining validity.
- Application Form: Fill out the visa extension application form.
- Photo: Recent passport-sized colour photo.
- Proof of Business: Documents showing ongoing business activities in South Korea (e.g., contracts, meeting schedules, business registration).
- Flight Itinerary: Sometimes required to show intention to depart after the extended period.
- Visit the Immigration Office:
- Locate the nearest immigration office
- Schedule an appointment if necessary or prepare for a walk-in visit.
- Submit Application:
- Submit all required documents to the immigration office.
- Pay any applicable fees (if required).
- Provide biometric information if requested.
- Processing Time:
- Processing times can vary but typically take a few weeks.
- Check with the immigration office for specific timelines.
- Receive Decision:
- Once processed, will be informed of the decision.
- If approved, the visa will be extended and will receive a new visa or extension stamp in the passport.Â
Follow-up  After applying, monitor the status of application through the online portal or contact the immigration office if necessary. Keep all communication and documents related to the application organized for reference.
TO SUM UP
Securing a business visa for South Korea involves understanding the specific requirements and adhering to the application process diligently. Explore the possibilities, plan business ventures, and leverage the resources available to make a mark in South Korea’s dynamic business arena. With the right preparation and knowledge, steering the complexities of business visas in South Korea can lead to rewarding professional experiences and fruitful partnerships.
HOW WE CAN HELP?
- Documentation Assistance: Our team assist in gathering and preparing all necessary documents, ensuring completeness and accuracy to meet immigration standards.
- Representation: Our team also represents the clients, in communications with immigration officials, addressing any inquiries or issues that may arise during the application process.
- Follow-up and Updates: Our team keeps clients informed about the progress of their visa application and any changes in immigration policies that may affect them.
For more information or queries, please email us at
[email protected]
Key Contact
Surendra Singh Chandrawat
Managing Partner
