One of the wealthiest countries in the world, South Korea has attracted more than one million of expats who mostly live in Seoul. If you intend to become one of them, our company formation advisors in Korea present, in this article, a few key aspects related to obtaining the residence permit in Korea. We also have a team of immigration lawyers in South Korea who will help you apply for such a permit.
You can rely on our attorneys if you want to immigrate to South Korea. We are a group of lawyers committed to providing the best immigration support. No matter what kind of residency permit you want to apply for, you can rely on us. Please feel free to get in touch with us and ask any questions you may have about your moving alternatives.
Who can obtain the permanent residency in Korea?
According to the Immigration Bureau, the following individuals can obtain the permanent resident permit in Korea in 2023:
• The adults who have lived in the country with an F-2 status for more than five years, and meet the following criteria:
o they are financially able to sustain themselves and their families; and
o they can prove they have a good behavior and respect the local traditions of Korea;
• The individuals who have invested in excess of USD 500,000 in the country and have lived in this jurisdiction with a D-8 status for at least three years, while generating employment opportunities for local citizens. Our Korea company formation consultants can offer more information related to this matter. We can also help investors who want to open a company in Korea.
A D-8 visa is given to essential professional specialists working in the management, business administration, production, or technology of a foreign-invested company or to someone who founds a start-up company with intellectual property rights from its proprietary technology and has been certified as a venture business.
Those who have made an investment of at least USD 500,000 and have resided in Korea for 3 years or more on a business investment (D-8) visa, as well as executives who have been sent from a foreign company that has made an investment of at least USD 500,000 in Korea, will be granted a long-term residence (F-2) visa following the submission of all required paperwork.
• Entrepreneurs who invested in excess of USD 5,000,000 in the country and who are considered appropriate for the permanent residency by the Justice Minister; or
• Persons who contributed with special achievements to the country and whose achievements are recognized by the Justice Minister.
Our immigration lawyers in Korea can offer information on the different types of residence permits. If you keep a physical address, you can become a citizen based on your South Korean residency in 2023. The country is quite welcoming to foreign citizens coming here for work or business purposes which is why there are several programs designated for them. If you are interested in permanent residence or citizenship, contact us.
Our South Korean accountants are available to you with specialized options for both small and large firms, depending on their requirements. Among these are bookkeeping and accounting services, but we can also help with more complicated issues like audits, which are typically required.
Documents required for the permanent residence permit in Korea in 2023
When it comes to immigration to Korea and obtaining a permanent residence permit in 2023, the following documents are required:
• An application form;
• An alien registration card;
• A valid passport;
• A passport photo;
• Other documents: our Korea company registration consultants can provide more details on what these other documents consist of.
Applying for a permanent residence permit with the purpose of immigration to South Korea can be effectuated when the applicant is in or outside the country. However, the process of obtaining this permit could be easier if the application is done before leaving Korea.
If you require further details about obtaining the residence permit in Korea, or for assistance in starting a business in Korea, please get in touch with us. We can also help you get in touch with lawyers in other countries if you need legal services for immigration.