D8 visa used car export company issuance case
Trade industries such as used car exports are industries with high demand for D8 visas.
Mr. A, a Chinese national, is a competent businessman who runs a trading company in China and Dubai, although he is still in his early thirties based on his experience of studying abroad in the United States.
He doing trading used cars in China and real estate investment business in Dubai. In order to advance into the Korean market, He asked our administrative office for an investment visa.
The initial inquiry said that they wanted to do rental car business and used car trade in Korea at the same time, but since the rental car business is an industry where foreign investment is restricted, it was impossible, so we decided to proceed only with used car trade.
When investing in the D8 visa, it is necessary to check the industries where foreign investment is restricted.
When applying for a D8 investment visa, be sure to check the industries subject to foreign investment restrictions. Although foreign investment is not restricted in most industries, foreign investment is restricted in industries where there are national security concerns or for the protection of domestic industries.
Proof of business authenticity
In the case of Chinese A, the investment amount was 300 million won, remittance was made from Dubai, and the Chinese business registration certificate to prove his business career and the documents for the representative stock dividend were sent to him, so he was able to get permission without any difficulties.
However, He was purchasing a building to use as an office, but the balance payment was not finished, so he proceeded with a temporary lease contract, and the tax office requested an adjustment to the lease date, but it was completed successfully.
Investors with more than 300 million won can simplify office verification documents
Investors with more than KRW 300 million in D8 visa can speed up the visa review process by simplifying office verification documents.
