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Spiky
Joined: 29 Apr 2003
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 Posted: Sun Sep 17, 2006 2:53 am Post subject: business with F-5 visa |
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Does anyone know the regulations for a foreigner opening a business. It's not an English hagwon, but a business and I do have an F-5 visa and I'd like to have it in my own name. Can any one offer me any details or has anyone been through this themselves? I read through the study bong/hagwon posts, but I think this may involve some different criteria? Any info out there?
Thanks! |
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Spiky
Joined: 29 Apr 2003
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| Posted: Mon Sep 18, 2006 5:33 am Post subject: |
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| anyone? |
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ChuckECheese
Joined: 20 Jul 2006
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| Posted: Mon Sep 18, 2006 5:37 am Post subject: |
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Your best bet would be talking to a foreign business lawyer.
Any half-a$$ advice that you might get here will most likely get you and your new business in serious trouble. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Mon Sep 18, 2006 6:42 am Post subject: Re: business with F-5 visa |
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| Spiky wrote: |
Does anyone know the regulations for a foreigner opening a business. It's not an English hagwon, but a business and I do have an F-5 visa and I'd like to have it in my own name. Can any one offer me any details or has anyone been through this themselves? I read through the study bong/hagwon posts, but I think this may involve some different criteria? Any info out there?
Thanks! |
I don't know the answer for someone with an F5 (permanent residence visa).
I think (but I am not 100% sure) that you have to play by the same rules as a Korean citizen and NOT for a foreigner.
I have only worked (re: business related stuff) with people on D-class (treaty trader / treaty investor) type visas.
I do not even know where you would get competent advice. Most lawyers here wouldn't have a clue either.
You might try talking to the relevant government branches. You may get conflicting and/or erroneous information from them but be persistent. Once you get the paperwork done you are good to go. |
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ChuckECheese
Joined: 20 Jul 2006
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| Posted: Mon Sep 18, 2006 6:50 am Post subject: |
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| You might want to try the American embassy if you're American or try you own embassy. I know they would have connection to some sort of American or other Chamber of Commerce that would lend a hand in providing business law or regulation for foreign businesses in Korea. |
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