[Part 2] A complete guide to the D-9 visa that can help you become rich and even

3. What are the requirements for a D-9 visa?

◼ For new business owners

⦁ Individual business owners who have registered as business owners under the Value Added Tax Act and have introduced foreign capital of KRW 300 million or more in accordance with the Foreign Exchange Transactions Act and the Foreign Exchange Transactions Regulations and who wish to manage a company or engage in for-profit business in Korea

⦁ Individual business owners who have invested more than KRW 300 million in Korea and received an investment company registration certificate in accordance with the Foreign Investment Promotion Act (visas cannot be changed in the following cases)

- Residence qualifications excluding changes in qualification: Technical training (D-3), non-professional employment (E-9), seaman employment (E-10), other (G-1), pure tourism and group tourism (C-3-2), medical tourism (C-3-3), tourism employment (H-1)*, visiting employment (H-2)

*H-1 tourist employment does not allow changes in status for nationals of countries that do not allow changes in status in the agreement (France, Ireland, UK)

◼ How domestic students can obtain a D-9 visa!

⦁ A person who has obtained (or is expected to obtain) a master's degree or higher from a domestic university, is a student (D-2) or job seeker (D-10) who has invested at least KRW 100 million (up to KRW 50 million of the investment is recognized as funds raised domestically, but the remaining funds must be foreign capital in accordance with the Foreign Exchange Transactions Act and the Foreign Exchange Transactions Regulations), and then registers as a business in accordance with the Value Added Tax Act and intends to manage a company or engage in a for-profit business in Korea.

⦁ However, if you are a domestic university bachelor's degree holder (or a prospective holder) and have earned a total of 40 or more credits in the 'Comprehensive Startup Immigration Support System (OASIS-1 to 8)', you are permitted to apply.

4. What documents are required for a D-9 visa?

① Application form (Form No. 34 of the Enforcement Regulations), passport, and fee

② Copy of business registration certificate, business license (if applicable), investment company registration certificate (if possessed)

③ Original and copy of joint business agreement (to the relevant person)

④ Proof of annual income of joint venture partner (relevant person)

⑤ Documents proving the introduction of business funds

(Remittance confirmation, foreign exchange purchase certificate, customs declaration, customs export declaration of the relevant country, etc.)

⑥ Documents proving capital use details

(purchase receipts, office interior costs, domestic bank account deposit/withdrawal statements, etc.)

※For the domestic formation funds of international student trade managers (D-9-5), the investment amount is calculated by adding up the documents such as the applicant's balance certificate or capital usage history.

⑦ OASIS Education Completion Certificate (for applicable applicants)

⑧ Documents proving sales performance (export/import license, value-added tax expected or confirmed report, etc.)

※ Applies only to those who have conducted business activities while holding a short-term visa (C-3-4) before changing their residence status.

⑨ Documents proving residence (lease agreement, proof of monthly rent payment, etc.)

⑩ Documents proving the existence of a business location (lease agreement, photos of business location, office space, signboard, etc.)

※ Short-term leases (less than 6 months), residential leases, and online businesses are not generally recognized, but are permitted in exceptional cases where it is unavoidable due to the nature of the business (warehouse lease agreement, etc.)