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Japan Business Manager Visa vs South Korea D-8 Investor Visa

A factual side-by-side comparison of two residency programmes. All figures are drawn from the canonical program pages — follow either link in the table header for sources and the full profile.

Key Differences at a Glance

  • Lower capital: Japan Business Manager Visa (33,000 USD) vs 75,000 for South Korea D-8 Investor Visa.
Japan Business Manager Visa

Japan · entrepreneur

South Korea D-8 Investor Visa

South Korea · investment

Country
Japan
South Korea
Category
Entrepreneur
Investment
Application Fee
$40
$60
Minimum Income
Minimum Investment
$33,000
$75,000
Processing Time
2 months
2 months
Family Included
Spouse and dependent children may obtain a Dependent Visa alongside the primary holder.
Spouse and minor children may obtain F-3 (Dependent) visas to accompany or join the primary holder.
Path to PR
Yes — 10 years
Yes — 5 years
Path to Citizenship
Yes — 5 years
Yes — 5 years
Physical Presence
Must reside in Japan and actively manage the business; extended absences may jeopardize renewal.
Must be actively involved in the operation or management of the investment; regular presence in Korea expected.
Dual Citizenship
Not allowed
Not allowed
Tax Impact
Visa holders are subject to Japanese income and corporate tax; worldwide income is taxable after five years of residency.
Holders residing in South Korea for 183+ days per year are subject to Korean income tax on worldwide income. Corporate taxes apply to business profits.
Tax Residency Trigger
183 days/yr
183 days/yr
Worldwide Taxation
Yes
Yes
Renewal Cost
$40
$60

About Japan Business Manager Visa

The Japan Business Manager Visa allows a foreign national to establish and run a company in Japan, requiring either at least ¥5,000,000 (~$33,000) in registered company capital or two or more full-time staff, plus a genuine leased office — virtual offices are explicitly rejected — and a business plan showing real viability. The initial grant is effectively probationary, often issued for as little as one year, with renewal refused if the company isn't visibly operating. Spouses and children can obtain a Dependent Visa. Unlike Japan's Highly Skilled Professional category, which can fast-track PR to 1–3 years, Business Manager status normally needs the standard 10 years of residence for permanent residency. Citizenship is possible after 5 years, requiring roughly B1 Japanese and renunciation of prior nationality, since Japan disallows dual citizenship. Tax residency triggers around 183 days; a 'non-permanent resident' status exempts foreign income not remitted to Japan for the first five cumulative years, while corporate tax runs roughly 23–35% combining national and local rates. Capital must stay in the company account rather than being drawn down early.

Full Japan Business Manager Visa profile →

About South Korea D-8 Investor Visa

South Korea's D-8 Investor Visa is for foreign nationals investing in or establishing a Korean business, requiring a minimum KRW 100,000,000 (~$75,000 USD) registered as genuine operating-company capital, not a passive deposit — the company must actually function, with real accounting and ideally at least one Korean employee, since a single founder with no local staff risks difficulty at renewal. Spouses and minor children can obtain F-3 dependent visas. D-8 holders can move to F-2 (Long-Term Resident) status after 5 years, then typically to F-5 permanent residency, sometimes faster for large investors. Citizenship becomes available after roughly 5 years, requiring TOPIK Korean proficiency around B1 and, in most cases, renouncing prior nationality, since Korea largely disallows dual citizenship for naturalised adults. Korean corporate tax runs 9–24%+ on profits, and individuals drawing a salary can elect a flat 19% income-tax rate — instead of progressive rates up to 45% — for up to 20 years, but only if elected before filing the first Korean tax return, after which the option is lost permanently.

Full South Korea D-8 Investor Visa profile →

Gotchas to Watch For

Japan Business Manager Visa

  • Virtual offices are explicitly rejected by Immigration — you need a real lease in the company name with exclusive use
  • JPY 5M capital requirement (≈USD 33,000) must remain in the company account, not be spent until business operations justify it
  • Initial 1-year status is probationary — if the company is not operational and generating activity, renewal will be denied
  • Japan does NOT allow dual citizenship — naturalisation requires full renunciation
  • Pension enrollment is mandatory; contributions may be partially recovered on departure (lump-sum withdrawal)
  • Japan's corporate tax rate is approximately 23.2% national + 10% local business tax — total effective rate ~30-35%
  • Business Manager does NOT give the same PR fast-track as HSP — plan for a 10-year PR path unless you can separately qualify for HSP

South Korea D-8 Investor Visa

  • The KRW 100M investment is not a deposit — it becomes the capital of a real Korean operating company that must pay taxes, employees, and accounting fees
  • Korea requires the business to be genuinely operating: a single founder with no Korean employees may face renewal difficulty or rejection
  • Corporate income tax applies at 9-24%+ on Korean company profits; personal income tax on salary up to 45% (or 19% flat rate if elected)
  • Korea does not permit dual citizenship for most naturalised adults — you must renounce prior nationality
  • The 19% flat income tax election must be made before filing your first Korean return; missing this window loses the benefit permanently
  • ARC must be renewed with the visa; forgetting the 90-day registration window results in fines
  • KOTRA can provide free advisory services for foreign investors — use them to avoid costly mistakes with the Foreign Investment Certificate

Neutral reference — we don't recommend one programme over another. Programmes change: always verify each detail against the official source linked on the individual program pages.