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Bongotruck
Joined: 19 Mar 2015
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 Posted: Thu Apr 16, 2015 12:22 am Post subject: Options for staying in Korea |
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I am asking on behalf of one of my friends. Not for me.
He is working as an English teacher currently but has a sort of business going on with a few partners. It looks like it might be taking off very soon.
His thoughts are that if the business, in fact, takes off, he would like to devote 100% of his time to the business and not teach anymore.
He could try to get a business visa but he does not have the 100k US required to do so. So he is brainstorming ideas of how he could stay in Korea and not be an English teacher.
I floated a few ideas.
1. Get a job with the most minimal working hours possibly. Maybe even a part time job that supports an E-2, though I know these are rare.
2. Do it on a D-10 visa. I am aware that is technically illegal and I always advise against doing anything illegal. I am also not sure how long a D-10 goes for.
Any other options out there that we didn't think of yet? |
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Porksta
Joined: 05 May 2011
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| Posted: Thu Apr 16, 2015 1:33 am Post subject: |
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Well he couldn't do it on an E-2 visa either.
Marry a Korean. |
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Bongotruck
Joined: 19 Mar 2015
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| Posted: Thu Apr 16, 2015 5:31 am Post subject: |
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Marriage is off the table for my buddy unless he meets the right lady. He would not marry someone simply to stay here.
Technically his business is illegal on an E-2 as well but he could easily do it under the table and nobody would know any better. |
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Sector7G
Joined: 24 May 2008
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| Posted: Thu Apr 16, 2015 7:35 am Post subject: |
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| Bongotruck wrote: |
Technically his business is illegal on an E-2 as well but he could easily do it under the table and nobody would know any better. |
Sorry, I have no advice on the visa front, but find this interesting nonetheless.
While I have no "moral" qualms about your friend operating a business on an E-2 visa, I wonder if he would have any recourse if the other partners tried to screw him out of his rightful share of the profits in the event that the business did indeed "take off". Does he have much of a financial investment, or is he mainly contributing sweat equity? (Not that one is necessarily more important than the other) Is the role of the other partners currently legit, or are they also operating under a "technically illegal" status? |
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Bongotruck
Joined: 19 Mar 2015
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| Posted: Thu Apr 16, 2015 5:36 pm Post subject: |
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I guess that is a valid point. He doesnt seem to be worried about that but perhaps he should.
He had floated the idea of his partner hiring him and sponsoring his visabut that not isnot necessarily possible.
| Sector7G wrote: |
| Bongotruck wrote: |
Technically his business is illegal on an E-2 as well but he could easily do it under the table and nobody would know any better. |
Sorry, I have no advice on the visa front, but find this interesting nonetheless.
While I have no "moral" qualms about your friend operating a business on an E-2 visa, I wonder if he would have any recourse if the other partners tried to screw him out of his rightful share of the profits in the event that the business did indeed "take off". Does he have much of a financial investment, or is he mainly contributing sweat equity? (Not that one is necessarily more important than the other) Is the role of the other partners currently legit, or are they also operating under a "technically illegal" status? |
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Troglodyte
Joined: 06 Dec 2009
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| Posted: Fri Apr 17, 2015 4:35 am Post subject: |
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The D10 is only good for 6 months. He'd be better off getting someone to hire him for another E2 even if he's only working minimal hours.
I think that his main concern should be related to what his competition will do when they find out about his business. For example, if he's running some kind of school, the other (legit) school owners in the area will find out about it VERY quickly and they'll check into his school to see if they can dig up any dirt on him. They do this with each other in the hope of getting their rivals fined or shut down. A lot of hogwon owners will watch (or more likely have a friend watch) new hogwons in the neighborhood to see if they have a foreign teacher. Then they call up immigration to say they think the foreigner is illegal. They do it simply with the hopes that the new foreigner is illegal (either no visa or not declaring income or whatever). If the guy is legit, nothing gained but nothing lost trying. Did you know that you can actually get a nice little payout for reporting crimes? |
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Bongotruck
Joined: 19 Mar 2015
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| Posted: Sat Apr 18, 2015 6:24 pm Post subject: |
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My buddy is a little secretive so I can not post exactly what his business is. I will say this much. It is not a physical business (shop) and it is not education related.
| Troglodyte wrote: |
The D10 is only good for 6 months. He'd be better off getting someone to hire him for another E2 even if he's only working minimal hours.
I think that his main concern should be related to what his competition will do when they find out about his business. For example, if he's running some kind of school, the other (legit) school owners in the area will find out about it VERY quickly and they'll check into his school to see if they can dig up any dirt on him. They do this with each other in the hope of getting their rivals fined or shut down. A lot of hogwon owners will watch (or more likely have a friend watch) new hogwons in the neighborhood to see if they have a foreign teacher. Then they call up immigration to say they think the foreigner is illegal. They do it simply with the hopes that the new foreigner is illegal (either no visa or not declaring income or whatever). If the guy is legit, nothing gained but nothing lost trying. Did you know that you can actually get a nice little payout for reporting crimes? |
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alongway
Joined: 02 Jan 2012
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| Posted: Sun Apr 19, 2015 7:45 am Post subject: |
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| If he's on an E2, he needs to move to a points visa if he wants to engage in that kind of thing. |
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candy bar
Joined: 03 Dec 2012
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| Posted: Sun Apr 19, 2015 7:23 pm Post subject: |
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Online tourism industry?
| Bongotruck wrote: |
My buddy is a little secretive so I can not post exactly what his business is. I will say this much. It is not a physical business (shop) and it is not education related.
| Troglodyte wrote: |
The D10 is only good for 6 months. He'd be better off getting someone to hire him for another E2 even if he's only working minimal hours.
I think that his main concern should be related to what his competition will do when they find out about his business. For example, if he's running some kind of school, the other (legit) school owners in the area will find out about it VERY quickly and they'll check into his school to see if they can dig up any dirt on him. They do this with each other in the hope of getting their rivals fined or shut down. A lot of hogwon owners will watch (or more likely have a friend watch) new hogwons in the neighborhood to see if they have a foreign teacher. Then they call up immigration to say they think the foreigner is illegal. They do it simply with the hopes that the new foreigner is illegal (either no visa or not declaring income or whatever). If the guy is legit, nothing gained but nothing lost trying. Did you know that you can actually get a nice little payout for reporting crimes? |
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