"I want to update what I've learned. I'm not sure how Roger's situation worked out, but for me it ended up being almost impossible to transfer the partnership to a incorporation (and retain the D-8). As Roger hinted at,…"
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Roger Shepherd
- Male
- Seoul
- Korea, Republic of
- Blog Posts | 블로그 포스트
- Discussions | 토론 (9)
- Event Postings
- Groups | 그룹
- Videos | 동영상
Roger Shepherd's Discussions | 님의 토론
New D8 business visa regulations
16 Replies
Hi.Any discussions or solutions involving the new D8 visa regulations for sole proprietorship operators - i.e. conducting the comprehensive transfer agreement from sole proprietorship to…Continue
Started this discussion. Last reply by Chris Lott.
Roger Shepherd's Page
Latest Activity | 최근 활동
Chris Lott replied to Roger Shepherd's discussion New D8 business visa regulations"Not to get too far off-topic, but in that discussion, I see mention of a special G-1 visa. Is this new? In the spring, over a period of about two months, I put together a complete application package for what was then the F2-99 "special…"
Chris Lott replied to Roger Shepherd's discussion New D8 business visa regulations"Roger, reading between the lines, you seem to be saying that you can't own/operate a business here on an F2. Is that so? I question, because I know quite a few F2- visa holders who DO own businesses, presumably legal ones. …"
Chris Lott replied to Roger Shepherd's discussion New D8 business visa regulations"I can attest that you didn't need a corporation in the past. I got my D-8 visa in 2008, and our company was just a partnership. I know a couple of other people who did the same thing. Especially for small consultant-style…"
Roger Shepherd replied to Jason T. Chun's discussion *** URGENT: D-8 VISA HOLDERS ***"I am a D8 holder and got my new D9 visa issued today. The procedure was supportive and smooth. This is the best way to go for those that wish to stay as sole proprieter. I only paid the administrative fees - about 65,000W.
Thanks to SGBC and KBC for…"
Steven S. Bammel replied to Roger Shepherd's discussion New D8 business visa regulations"There's a lot of discretion up at immigration on who and when to give visas. Email me if you'd like the contact info for the guy I met up at InvestKorea. If you point out that you already made the investments, perhaps there would be a way…"
Roger Shepherd replied to Roger Shepherd's discussion New D8 business visa regulations"Anyway, new obstacles bring new challenges, new thinking etc...
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Roger Shepherd replied to Roger Shepherd's discussion New D8 business visa regulations"And of course, one wouldn't expect the new changes to apply to current holders as well. Most of the initial capital is now tied up in projects as operating costs. A little unfair I think. "
Steven S. Bammel replied to Roger Shepherd's discussion New D8 business visa regulations"Oh, OK. Yeah, the sole proprietorship would be simpler in many ways."
Roger Shepherd replied to Roger Shepherd's discussion New D8 business visa regulations"Good question. From memory, it was easier to set up a sole proprietorship than a corporation back then."
Steven S. Bammel replied to Roger Shepherd's discussion New D8 business visa regulations"Oh! OK, then the only difference is that they've increased the capital amount. But with W50 million, why did you set up a sole proprietorship? That money would have served for a full corporation."
Roger Shepherd replied to Roger Shepherd's discussion New D8 business visa regulations"No, I had to bring foreign investment into Korea, 50,000,000W back then - there was no luck or giving away of anything involved at all."
Steven S. Bammel replied to Roger Shepherd's discussion New D8 business visa regulations"That's interesting. I remember that they increased the capital requirements about two years ago; I didn't know they were giving E-8 visas away without any capital though before that.
I guess you have to feel lucky for what you got and…"
Roger Shepherd replied to Roger Shepherd's discussion New D8 business visa regulations"Ha ha, yeah it was 2 years ago. To change to a corporation is a process that involves non-guaranteed expense, and legal proceedings. It's all very vague at the moment, and a little too typical for my liking. I'll have to weigh it up.…"
Steven S. Bammel replied to Roger Shepherd's discussion New D8 business visa regulations"You got a D-8 visa without establishing a corporation and with just a sole proprietorship? I didn't know it could be done. How did you do that? Was it several years ago?"
Roger Shepherd replied to Roger Shepherd's discussion New D8 business visa regulations"Thanks Steven.
I hold a D8 visa, but immigration have moved the goalposts on new applicants including renewals - basically axing the sole proprietorship and forcing them to change into corporations, at more expense, with no…"
Profile Information | 프로파일 정보
- Company Name / 회사이름
- Hike Korea
- Website Address / 홈페이지 주소
- http://www.hikekorea.com
- Job Title / 직함
- Director
- How long have you been involved with Korea and/or Korean business? / 한국 또는 외국에 관련된 비즈니스에 몇 년 동안 종사하였습니까?
- 1-3 years
- What is the nature of your involvement with Korea and/or Korean business? / 주로 어떤 직종의 비즈니스에 종사하였습니까?
- Outdoor Trail Consultancy within South Korea.
Hiking Tours of a Cultural nature.
Writing and Photographic assignments including Guide Book publication.
Marketing outdoor goods.
- 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
- Business.
- How did you find out about Korea Business Central? / 어떠한 경로로 Korea Business Central를 가입하게 되었습니까?
- Korea Times
- 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.
- www.hikekorea.com
- If you'd others to learn about you from LinkedIn, please list the URL for you LinkedIn public profile. / 다른사람들이 LinkedIn, LinkNow를 통하여 귀하을 찾을수 있길 원한다면, LinkedIn 또는 LinkNow 주소를 귀하의 회원정보에 등록해 주세요.
- http://www.linkedin.com/profile/edit?id=85108818&trk=tab_pro
Comment Wall (2 comments)
- At 5:11pm on June 16, 2010,
Susanne Fuglsang said… - Thank you Roger, I have seen it, talk to you more through email.
- At 3:12pm on June 2, 2010, Steven S. Bammel said…
- Thanks for joining. It's great to have you on the site.
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