F-5-24 Tech Startup Investor
Permanent residency for foreigners contributing to the Korean economy through tech startups
Overview
F-5-24 is available to foreigners who have stayed for 3+ years on a tech startup (D-8-4) visa, raised KRW 300 million (approx. USD 225,000) or more in investment, and employed 2+ Korean nationals. The primary target is founders of innovative tech startups.
Target Applicants
- Foreigners operating a business on a D-8-4 tech startup visa
- Founders of innovative tech startups with revenue and employment track records
- Foreign founders of companies that have graduated from government startup support programs
Eligibility
- 13+ years of continuous residence on tech startup (D-8-4) status
- 2Raised KRW 300 million (approx. USD 225,000) or more in investment or equivalent capital secured
- 3Employed 2+ Korean nationals full-time for 6+ months
- 4No criminal record
Required Documents
- Permanent residency application form
- Passport and alien registration card
- Corporate registry
- Business registration certificate
- Revenue proof (financial statements, VAT filings, etc.)
- Employment proof (social insurance enrollment list)
- Patent/technology documents (if applicable)
- Criminal background check
Process
Processing Time: Approximately 3-6 months
1
Eligibility Check
Verify revenue, employment, and business duration requirements
2
Document Preparation
Prepare financial statements, employment proof, etc.
3
PR Application
Apply for F-5-24 at the immigration office
4
Review & Issuance
Permanent residency issued after review
Important Notes
- •Revenue and employment track records are the key review factors.
- •Participation in government startup support programs is viewed favorably.
- •General (non-tech) startups may not qualify.