Intra-Company Transfer Visa (D-7) in Korea for Newly Established Branch Office
Additional documents can be requested by the immigration office in Korea when D-7 visa for newly established branch office is applied.
Besides standard documents, a record of induction of management fund to the branch would be requested by the immigration office. This fund would be used for the branch establishment such as an office lease. The record for this fund can be a certificate of foreign exchange purchase/deposit (called “외국환매입증명서” in Korean).
The above picture is the sample of the certificate of foreign exchange purchase/deposit we used for the recent D-7 visa application. Since the branch office just started operating and have no tax payment record, the business outline/plan needs to be prepared and submitted to the immigration office to show how the business is operated, funded and make profit.
The amount transferred to the branch office’s Korean bank can just cover all the cost which will be incurred in Korea for the future operation. This record for the the transfer of the fund is always requested by any immigration officers. Therefore, it is strongly recommended to prepare this record of the fund transfer in advance.
The standard process for D-7 visa is to go through Korean consulate outside of Korea to get a visa sticker before entering Korea. The visa issuance confirmation needs to be applied first at the immigration office in Korea. It normally takes about 2 weeks to get the visa issuance confirmation. The visa issuance confirmation is kind of pre-approval number. It normally takes about 4~7 days to get the visa sticker by submitting the visa issuance confirmation.
After entering Korea with the visa sticker, the last step will be to apply for Alien Registration Card at the relevant immigration office. It normally takes about 3 weeks to get the Alien Registration Card after submitting the application.