South Korea Digital Nomad Visa & Remote Work

 

➡ WHAT ARE THE FINANCIAL REQUIREMENTS?

➡ HOW LONG CAN YOU STAY?

The visa is valid for up to two years and can be extended for an additional year.

➡ WHO IS ELIGIBLE?

➡ HOW MUCH DOES IT COST?

The visa costs IDR 15 million (US$1,000) and must be paid online.

➡ HOW MUCH WILL YOU PAY IN TAXES?

Foreign residents in South Korea who haven’t lived there for more than five aggregate years in the last ten can only be taxed on foreign income if it is paid or remitted into South Korea. Non-residents are taxed only on South Korean-sourced income unless exempt under a tax treaty. Foreign expatriates can opt for a flat 19% income tax rate (plus local income tax), but must forego all other tax benefits, including exemptions and reductions, by applying separately for this rate. More information about taxes for nomads in South Korea.

Nomad Visa South Korea 2024

South Korea, with its futuristic cities, scenic mountainous terrains, and vibrant culture, is quickly becoming a premier destination for remote workers around the world. Recognizing this growing trend, the country has introduced the South Korea Digital Nomad Visa, also officially referred to as the Workation Visa (F-1-D), which launched on January 1, 2024. This innovative program enables digital nomads to live and work in South Korea for up to three years while being employed by companies based overseas, fostering a flourishing “workcation culture.”

The Digital Nomad Visa aims to attract global remote workers and boost South Korea’s tourism industry. The Ministry of Justice expressed its objectives for the visa, stating, “We hope the workcation visa will enable high-earning foreigners to reside in various regions across Korea, thereby revitalizing the local economy and offering an opportunity to showcase our rich culture and heritage” (source: Korea JoongAng Daily).

Benefits of the South Korea Digital Nomad Visa:

• Extended stays of up to two years with an option to extend for an additional year.
• Family members, such as a spouse and children, can accompany the visa holder.
• The application process is streamlined through South Korean embassies worldwide, ensuring global accessibility.
• Following a trial period, there will be an assessment to consider making this visa a permanent fixture, potentially paving the way for future enhancements.

Visa holders can explore South Korea’s rich heritage, indulge in its delightful cuisine, immerse in the lively culture, and visit top attractions like Changdeokgung Palace and N Seoul Tower.

Eligibility for the South Korea Digital Nomad Visa:

• The visa is available to remote employees, freelancers, or business owners who work for companies or clients outside of South Korea.
• Applicants must be over 18 years old, have at least one year of experience in their field, and provide proof of an annual income exceeding $65,860 USD.
• Comprehensive health insurance coverage of at least $75,000 USD and a clean criminal record are also required.

Important: The visa strictly prohibits holders from engaging in local employment within South Korea. A separate work visa would be required for anyone seeking domestic employment.

The visa permits family inclusion for legally married spouses and children. However, the primary applicant must solely meet the minimum income requirement, as combined incomes with a spouse are not accepted for eligibility purposes.

Applying for the South Korea Digital Nomad Visa

Embarking on a digital nomad lifestyle in South Korea requires obtaining the Digital Nomad Visa. Here’s a detailed step-by-step guide on how to apply for this visa:

Step 1: Gather Required Documents

Begin by collecting all necessary documentation to ensure a smooth application process. Refer to the “Required Documents” section for a detailed list.

Step 2: Submit Your In-Person Application

Applications must be submitted in person at a South Korean embassy or consulate in your home country. When applying, make sure to declare if family members will accompany you and provide their details accordingly.

Note: If you are currently in South Korea under a visa exemption (B-1), tourist visa (B-2), or short-term stay visa (C-3), you can transition to the Digital Nomad Visa, provided you meet all requirements. It is recommended to apply from your home country due to the need for apostille verification of original documents, which can complicate the process.

Step 3: Wait for Approval

After submitting your application, the processing time generally ranges from 10-15 days. Given that the Digital Nomad Visa is a new initiative and still in its pilot phase, keep in contact with your nearest South Korean embassy or consulate for the latest updates.

Documents for the South Korea Digital Nomad Visa

To apply, you will need to submit the following:

• A valid passport with at least six months remaining until expiration
• Recent passport-sized photos (taken within the last six months)
• Updated CV, certificates of your highest education level, and professional credentials relevant to your field
• Proof of income showing at least $65,860 USD per year, including your latest 12 months of bank statements, income statements, or the most recent tax return
• Comprehensive health insurance for your entire planned stay in South Korea, with a minimum coverage of $75,000 USD, including for dependents if they are joining you
• A clean criminal background check from a recognized authority in your home country
• Documentation proving relationships to dependents (if applicable)

How Much Does the South Korea Digital Nomad Visa Cost?

The Digital Nomad Visa program, which was recently launched, requires an application fee of IDR 15 million (approximately US$1,000), payable online when you submit your application.

Additional costs to consider include:

• Fees for criminal background checks
• Health insurance premiums
• Costs for translating and notarizing documents

If you are planning to bring family members, remember to account for the extra expenses related to their documentation.

For the most accurate and current details regarding the visa application fee and related expenses, directly contact the nearest South Korean embassy or consulate. This approach ensures that you have the most reliable information for planning your application and budget accordingly.