D-8-3 Individual Business Investment Visa
For qualifying foreign investment in a business operated by a Korean individual under the required joint-business and co-representative structure.
Visa Overview
The D-8-3 Visa is the individual-business investment route. The foreign investor generally must invest at least KRW 100 million, own at least 10% of the total contribution, and be registered as a joint representative with the Korean business operator.
Processing Time
Varies by Application
Processing time depends on application type, case facts, and document review.
Stay Period
Up to 5 Years at a Time
This is the official maximum at one time. The actual grant may be shorter.
Work Activity
Joint Business Management / Essential Professional Activity
Activities must remain within the approved scope.
Government Fee
Varies by Application Type
Confirm the current official fee for the exact immigration procedure before filing.
Important Notice
The tax, business-registration, foreign-investment, and joint-business structures must be consistent. Immigration may review both parties’ contributions, the joint-business agreement, actual premises, tax reporting, and continuing activity.
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Eligibility
General Requirements
The exact requirements depend on the application route and the facts of each case. These are general points listed for this status.
- ✓The investment target must be a business operated by a Korean national as an individual.
- ✓The foreign investor generally must invest at least KRW 100 million and hold at least 10% of total contribution.
- ✓The foreign investor must be registered as a joint representative with the Korean business operator, and the Korean partner must meet the applicable capital requirement.
Documents
Common Document Categories
Check the competent authority’s latest instructions for documents required for your specific application.
- ✓Application form, passport, and residence card where applicable.
- ✓Business registration showing the joint-business / co-representative structure.
- ✓Joint-business agreement.
- ✓Foreign investment notification / registration materials.
- ✓Evidence of investment introduction and use.
- ✓Business-site lease, tax, and business-performance records.
Process
General Application Steps
These general steps describe the applicant’s process, not a filing service provided by Modical.
- 1
Confirm the D-8-3 joint-business structure.
- 2
Review both partners’ investment / capital contributions.
- 3
Confirm business registration and foreign-investment registration.
- 4
Prepare joint-business, tax, workplace, and applicant documents.
- 5
Submit the appropriate application.
- 6
Respond to supplementation or factual review if required.
FAQ
Common questions
Can I be the only representative under D-8-3?+
The official D-8-3 framework requires the foreign investor to be registered as a joint representative with the Korean individual business operator.
Is only the foreign investor’s KRW 100 million relevant?+
No. The Korean joint business operator also has a separate capital requirement under the official manual.