"Thanks for this. I saw another email on this a couple weeks ago too, so it appears that the W300 million requirement has not been implemented. I haven't seen anything directly though; still waiting for something that would feel more official..."
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Chris Lott
- Seoul
- Korea, Republic of
- Blog Posts | 블로그 포스트
- Discussions | 토론 (28)
- Event Postings
- Groups | 그룹
- Videos | 동영상
Chris Lott's Discussions | 님의 토론
Renewed D-8 w/out Getting an Actual Visa or Modern ARC???
1 Reply
I finally completed the D-8 renewal process today at immigration and successfully received one year renewal. Two surprising small details:I didn't get the new ARC card which I thought was now…Continue
Started this discussion. Last reply by Steven S. Bammel.
New D-8 Investment Minimum $300K?
20 Replies
Just a heads up to anyone considering starting an FDI company. In the process of sorting out my D-8 visa renewal nightmare, I've twice now run into a rumor that the minimum investment amount is about…Continue
Started this discussion. Last reply by Steven S. Bammel.
Any Successful D-8 Incorporations Recently?
7 Replies
I've been caught in a catch-22 while incorporating my FDI company (formerly a partnership). To listen to immigration, the banker and KOTRA, I'm the first and only person in the whole country who's…Continue
Tags: partnership, proprietorship, incorporation, FDI, D-8
Started this discussion. Last reply by Philipp Grunwald.
Chris Lott's Page
Latest Activity | 최근 활동
"Dear friends
i have a news about minimum capital for D-8 visa from new paper The Korea Times
please read check comment and share.......
thanx
2013-04-15 19:27 Park addresses foreign businesses' grievances President…"
Chris Lott replied to Chris Lott's discussion New D-8 Investment Minimum $300K?"To be clear, they didn't charge us any extra to incorporate our existing company. Rather, the extra was in order to maintain our company's FDI certificate, and hence maintain my D8 visa. That's a subtle distinction, but yeah,…"
Anne Ladouceur replied to Chris Lott's discussion New D-8 Investment Minimum $300K?"Banning D8 sole proprietorships is one thing - charging a higher fee for non-Koreans to incorporate an existing business is another. Expect a lot more people who want to open businesses will be looking at marriage as the best 'partnership'…"
Chris Lott replied to Chris Lott's discussion New D-8 Investment Minimum $300K?"That agrees with what we were told. Had we wanted to, we were told that we could have continued our D8 partnership without any adjustments, reinvestment or anything (but we needed to change to a corporation for other reasons). I just…"
Anne Ladouceur replied to Chris Lott's discussion New D-8 Investment Minimum $300K?"Re the information page on K4E - it was posted back in September or October and was based on the government memo, so likely that included the F-visa references. While we can appreciate the problem the government is attempting to address, this may…"
Chris Lott replied to Chris Lott's discussion New D-8 Investment Minimum $300K?"Anne:
That's an interesting article you linked to. From my experience, converting a $50K/D8 into a corporation, they required the FULL complete re-investiment of $100K, not just the difference. I was in a slightly different boat,…"
Steven S. Bammel replied to Chris Lott's discussion New D-8 Investment Minimum $300K?"Thanks for the extra info, Anne!"
Anne Ladouceur replied to Chris Lott's discussion New D-8 Investment Minimum $300K?"Yes, the official implementation date is now June. Possible it could be pushed back further.
The other part of this new regulation that is of concern is the one that applies to existing foreign invested sole proprietorships. For more details see the…"
Joon Kim replied to Chris Lott's discussion New D-8 Investment Minimum $300K?"Another stupid move.
Who cares if they don't set up a business or not. It's money coming IN and immigrants (God knows we need them) coming to live, study, etc. There are other ways to monitor irregular or illegal inflows.
I think the main…"
Chris Lott replied to Gianfelice Ammirati's discussion D-8 visa infos"I'm the one who started the rumor about April being the month of the change, as I heard it from my accountant. I have since heard another rumor that it will change on 2 June. You might be able to get an answer by calling…"
Chris Lott replied to Gianfelice Ammirati's discussion D-8 visa infos"I think you meant D-8, right?"
Gabriel Varaljay (가브리엘) replied to Chris Lott's discussion New D-8 Investment Minimum $300K?"Good point. Other countries supports startups like Chile, etc. but I think in Korea similar sponsorship not exist. "
Veronica Y Kim replied to Chris Lott's discussion New D-8 Investment Minimum $300K?"by the way, I understand this is starting from June not April?"
Profile Information | 프로파일 정보
- Company Name / 회사이름
- Tratech Solutions, Inc.
- Website Address / 홈페이지 주소
- http://tratechsol.com
- Job Title / 직함
- President
- How long have you been involved with Korea and/or Korean business? / 한국 또는 외국에 관련된 비즈니스에 몇 년 동안 종사하였습니까?
- 10+ years / 10년이상 경력
- What is the nature of your involvement with Korea and/or Korean business? / 주로 어떤 직종의 비즈니스에 종사하였습니까?
- I'm a specialist in Electronic Engineering. Our company does everything from design to prototyping to mass production. Most of our products are consumer electronics or industrial factory automation devices.
- What is at least one benefit you hope to get from joining the Korea Business Central community? / 어떠한 목적을 갖고 Korea Business Central에 회원가입을 하였습니까? 또한, Korea Business Central 에 바라는 점
- Connect to others in like situations to share our stories and experiences.
- How did you find out about Korea Business Central? / 어떠한 경로로 Korea Business Central를 가입하게 되었습니까?
- web search and also from linkedin.
- If we may link your Korea- or Korean-business related weblog posts and/or Twitter tweets to our site, please list your weblog URL and/or Twitter username. / 우리가 귀하의 한국 또는 한국관련 비즈니스 관련 웹 게시물을 링크할 수 있습니다. 귀하의 블로그 주소, 트위터 사용자계정을 회원정보에 등록해 주세요.
- http://technobar.blogspot.com
twitter ID "SeoulBigChris"
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