Where can I get a certificate of origin form for?

1
Denzel Ramos
December 10, 2021
business_tip No. 2647
Luna said, Here's the list of forms for different Certificate of Origin: https://www.customs.go.kr/engportal/cm/cntnts/cntntsView.do?mi=7323&cntntsId=2827 You can confirm the certificate of origin forms through Legal Information System of the KCS: http://www.customs.go.kr/kcs/co/co.do

Scope of application of the effectiveness of authorization

1
Denzel Ramos
business_tip No. 2645
Luna said, In the case of a company-specific approved exporter, once a company has been authorized as an approved exporter, the procedures for issuing a certificate of origin (C/O) are simplified for all the export goods of the approved exporter. However, in the case of a product-specific approved exporter, the procedures for issuing a certificate of origin (C/O) are simplified only for the respective items for authorization by FTA and by item (six digits of each HS code), and thus neither the effectiveness nor the benefits of such authorization are applicable to all the free trade agreements. Therefore, if a free trade agreement or an item (six digits of the HS code) for which a company has been authorized as an approved exporter has become different, the company must obtain an additional authorization as an approved exporter, and if the company fails to obtain an additional authorization as an approved exporter, it cannot receive the authorization-related benefits granted to an approved exporter.

What is a Certificate of Origin?

1
Edgar Santiago
business_tip No. 2640
Luna said, Certificate of Origin is an instrument which establishes evidence on origin of goods imported into any country. For more information about C/O, you can check this link: https://wonderfulkorea.kr/certificate-of-origin/

Can I get an official document or certificate stating that I have joined this scheme?

1
Edgar Santiago
December 9, 2021
business_tip No. 2566
Luna said, Do you provide an official document or certificate stating that you have joined this scheme? After the funds is transferred to an account of Korea Development Bank, the bank issues "Certificate of Balance Payment" and the Ministry of Justice issues "Certificate of Immigrant Investment Approval" upon your request.

Do I have to pay any fee when it comes to applying for Public Investor Immigrant Scheme, especially for a preliminary review?

1
Denzel Ramos
December 8, 2021
business_tip No. 2486
Luna said, It is free of charge because Public Investor Immigrant Scheme is introduced by the Ministry of Justice so the preliminary review is conducted by immigration officers. Please note that when you change your status of sojourn and register as an alien, you have to pay a fee.

Do I have to visit a licensed administrative agent’s office to apply for Public Investor Immigrant Scheme?

1
Denzel Ramos
December 7, 2021
business_tip No. 2484
Luna said, No, there is no such an agent designated by the Ministry of Justice. Public Investor Immigrant Scheme is directly controlled and managed by the Ministry of Justice. Sometimes there are money damages caused by the agent so you should visit designated immigration organizations including Global Talent Visa Center. There are English and Chinese speakers available at Global Talent Visa Center, they can help you proceed with all services with regard to Public Investor Immigrant Scheme including preliminary review, opening a bank account, preparation of F2 and F5 visa application, F2 visa extension and so forth. If you wish to know everything about Public Investor Immigrant Scheme, please call Global Talent Visa Center. 032-740-7788,7600 (Domestic), +82-32-740-7788,7600 (overseas)

Investment Question

1
Denzel Ramos
business_tip No. 2482
Luna said, Before March 11, 2019, only the investor himself/herself can acquire F-5 visa through "Conditional Investment for F-5," and the investor's spouse and unmarried children can acquire F-2. However, starting from March 11, 2019, the investor's dependent family members (spouse and unmarried children including those who are over 19 but not married) also can acquire F-5 visa. For more info about investment schemes, check out here: https://wonderfulkorea.kr/immigrant-investor-schemes-for-public-business

Immigrant investor schemes for public business

Luna Arseo
business_tip No. 2477

What should I do to learn about Immigrant Investor Scheme for Public Business?

1
Edgar Santiago
business_tip No. 2466
Luna said, Global Talent Visa Center, herein after referred to GTVC, is located both at Terminal 1 and Terminal 2 since 2018. GTVC at Terminal 1 is located behind H counter near Immigration Service Center and GTVC at Terminal 2 is located next to the One-stop Public Service office. There are Chinese and English speakers available to address your inquiries about investment process, alien registration and so forth. Also, if you have any questions, call us at 032-740-7600 or 7788, or email at gtvc@korea.kr.

What are the benefits of immigrant investment?

1
Edgar Santiago
business_tip No. 2460
Luna said, If you acquire F-2 visa through Immigrant Investor Scheme for Public Business, you are eligible to work, study, run business, and purchase properties. You will be given a maximum period of 3 years at a time and can apply for visa extension if you maintain the investment fund. You are not required to reside in Korea but you have to re-enter the Republic of Korea at least once a year to maintain F-2 status.

Are all foreigners who live in Korea able to work?

1
Edgar Santiago
December 6, 2021
business_tip No. 2420
Luna said, A foreigner who holds a visa status which allows them to work in Korea is able to work. However, the type of business is different depending on the visa status and the foreigner has to work in a designated workplace. For some visa status, you are able to apply for the Participation in Activities Uncertified for Current Sojourn Status or Work Permit, and if you meet the necessary conditions and received permission, you are able to work.

What’s the difference between the corporate investment scheme and the immigrant investor scheme?

2
Skyler Rafael
business_tip No. 2382
Luna said, For immigrant investment, on the other hand, you will be granted an F-2 Visa by investing 500 million won or more (700 million won for investments in real estate in some areas) in Korea. You are free to engage in business, education, etc., and even without business results, you can extend your visa as long as the investment status is maintained and unless you violate any of the terms and conditions associated with F-2 status.

For the Public Fund investment type of the Immigrant Investor Scheme for Public Business

1
Edgar Santiago
business_tip No. 2380
Luna said, For the Immigrant Investor Scheme for Real Estate, your application will be accepted only if you invest in certain regions such as Alpensia Resorts in Pyeongchang and Incheon Free Economic Zone. Nonetheless, for the Immigrant Investor Scheme for Public Business, your application will be accepted regardless of the regions/areas as long as you invest your money into a public fund designated by the Minister of Justice.

Can I rent out the condominium I invested in as an immigrant investor of real estate for the period that I won’t be using it?

1
Denzel Ramos
business_tip No. 2378
Luna said, Any facilities owned by immigrant investors of real estate can’t be rented, setup for a mortgage, seized, or traded. Any violation will lead to the cancellation of the status of investment immigration.

Clearance procedure when purchasing medicine (health functional food)

Luna Arseo
November 30, 2021
business_tip No. 2272

Prior confirmation of the methods of marking country of origin

Edgar Santiago
business_tip No. 2264

What process should I undergo to use the system of direct clearance at piers?

1
Denzel Ramos
business_tip No. 2260
Luna said, Any person (import consignors, certified customs broker, bonded transportation company, and etc.) who intends to directly release imported goods at the docks shall request an on-dock loading (assign) to the shipping company in advance, and file a request form for it (Annex no.1 form) before the relevant goods enter the port or before the declaration of unloading is approved by the chief of goods (hereinafter referred to as “chief of goods”) who is responsible for declaration of unloading affairs.

Import Declaration of Livestock Products

Luna Arseo
business_tip No. 2257

The scope of tax exemption of liquor, cigarette, and perfume

Luna Arseo
business_tip No. 2255

How do I file an amended declaration when I learn that the declared tax amount is in deficiency?

1
Denzel Ramos
business_tip No. 2253
Luna said, When a duty payer learns that the declared tax amount is in deficiency after six months (correction period) from the date on which the tax was paid, he/she shall file an amended declaration. Any person who intends to file an amended declaration shall send a Correction Application of Import/Tax Declaration (Annex no.6 form) of Notification on the Import Declaration Affairs to the KCS customs system, and submit evidential data to the head of a customs office. In this case, the duty payer shall pay the relevant customs duty by the next day of the date on which the amended declaration was filed.

What procedures are needed for correcting an import declaration? Also, what is the procedure for correcting the amount of tax before paying it?

1
Edgar Santiago
business_tip No. 2251
Luna said, Correction of Import Declaration A declarer who intends to correct details of import declaration that do not influence the determination of the tax amount shall send a Correction Application of Import/Tax Declaration (Annex no.6 form) of Notification on the Import Declaration Affairs to the KCS customs system, and submit evidential data to the head of a customs office. After reviewing the entries of an import declaration, a customs reviewer can authoritatively make corrections when declared entries and declared goods do not match (excluding tax base, tax rates, and tax amount to be paid). Correction of tax amount A duty payer, who learned that the tax amount he/she declared has excess or deficiency before paying it, shall send a Correction Application of Import/Tax Declaration (Annex no.6 form) of Notification on the Import Declaration Affairs to the KCS customs system, and submit the evidential data to the head of a customs office. A duty payer shall re-issue a statement of payment with the correction on tax amount reflected, but the number of the statement and the time limit for payment are unaffected.

Entry Characteristic Mark

Luna Arseo
business_tip No. 2249

Cancellation of import declaration

Luna Arseo
November 24, 2021
business_tip No. 2236

Importation of medical appliances

Luna Arseo
business_tip No. 2234

Revision and issuance of the import tax bill

Luna Arseo
business_tip No. 2222

Commissioning and introducing a certified customs broker

Luna Arseo
business_tip No. 2220

Calculation methods for taxes on imported used cars

Luna Arseo
business_tip No. 2218

Filling in an intellectual property right declaration form

Luna Arseo
business_tip No. 2216

Duty rates of export goods to Korea

Luna Arseo
business_tip No. 2214

Tracking Postal and Express Items

Luna Arseo
business_tip No. 2212

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