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How to File Taxes in Canada (Canada Revenue Agency Guide for Beginners) Meta Description: A step-by-step beginner’s guide to filing your income tax return in Canada—covering what you need, how to file, deadlines, and key tips from the CRA. 1️⃣ Introduction Filing your personal income tax return in Canada is an important annual task—whether you’re a first-time filer, self-employed, or have a simple situation. The Canada Revenue Agency (CRA) manages federal tax filings and many provincial/territorial filings. Filing ensures you claim eligible benefits, tax credits and remain compliant. :contentReference[oaicite:2]{index=2} 2️⃣ Step 1: Gather Your Documents Before you begin, collect the key documents and information you will need. :contentReference[oaicite:3]{index=3} Your Social Insurance Number (SIN). Income slips (e.g., T4 for employment, T4A, T5 for investment income). Receipts or records for deductions/...
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South Korea Startup Visa 2025: Full Guide for Foreign Entrepreneurs, Tax Benefits & Government Grants

Foreign Entrepreneur Startup Visa, Tax Incentives & Grants in South Korea (2025 Update)

Foreign Entrepreneur Startup Visa, Tax Incentives & Grants in South Korea (2025 Update)

South Korea has been actively strengthening its startup ecosystem and opening doors for foreign founders. As of 2025, the government offers a structured visa path, refreshed tax incentives, and dedicated grant programs to attract and support non-Korean entrepreneurs. This article collects the latest confirmed rules, eligibility criteria, and practical tips.

1. Startup Visa for Foreign Entrepreneurs

A core pillar of Korea’s foreign-entrepreneur strategy is the OASIS (Overall Assistance for Startup Immigration System), operated through the Global Startup Immigration Center. Foreign entrepreneurs begin via an initial visa class (D-10-2) and aim to transition into the D-8-4 Startup Visa after meeting program requirements. ([digitalnomadskorea.com](https://digitalnomadskorea.com/post/south-korea-startup-visa-oasis-the-complete-guide))

1.1 D-10-2: Startup Preparation Visa

The D-10-2 visa gives foreign aspirants time (up to two years) to complete OASIS courses, refine their business plan, and prepare company registration. Requirements generally include proof of funding, accommodation, and OASIS participation. ([flipkorea.com](https://www.flipkorea.com/post/ultimate-guide-for-foreigners-from-d-10-2-to-d-8-4-visa-incorporating-a-startup-in-korea))

1.2 D-8-4: Technology / Startup Visa via OASIS Pathway

The D-8-4 visa targets technology-based or innovative startups. Applicants must earn sufficient “startup immigration points” through OASIS programs, hold a registered Korean entity, and meet basic academic or recommendation criteria. Recent updates increased the required threshold to around 80 points. ([launchroad.io](https://launchroad.io/blog/korea-startup-visa))

  • Complete OASIS courses (OASIS-1 to OASIS-9)
  • Possess or apply for intellectual property (patents, designs, etc.)
  • Establish a registered corporation in Korea
  • Hold a bachelor’s degree or receive an official recommendation

The D-8-4 visa is initially valid for one year and can be renewed upon continued business operation. ([launchroad.io](https://launchroad.io/blog/korea-startup-visa))

1.3 “Special Startup Visa” (New 2025 Route)

In 2025, Korea introduced a “Special Startup Visa” focusing more on business innovation potential rather than strict academic background, offering an alternative for founders without formal degrees. ([startup-korea.com](https://startup-korea.com/programs/korea-startup-visa))

2. Tax Incentives, Customs & Local Reliefs

To encourage foreign investment and support startups, South Korea offers multiple tax cuts, duty exemptions, and local tax benefits. ([pearsonkorea.com](https://pearsonkorea.com/insights/Business-Registration-in-Korea-2025-Guide-for-Global-Startups))

2.1 Corporate Income Tax Reductions for SMEs

Newly established small and medium-sized enterprises in approved sectors (IT, software, manufacturing, etc.) may enjoy 50%–100% corporate tax reductions for up to five years, depending on location. ([pearsonkorea.com](https://pearsonkorea.com/insights/Business-Registration-in-Korea-2025-Guide-for-Global-Startups))

2.2 Duty & VAT Exemptions

Foreign-invested startups can be exempt from import customs duties and VAT on capital goods used for their business. ([pearsonkorea.com](https://pearsonkorea.com/insights/Business-Registration-in-Korea-2025-Guide-for-Global-Startups))

2.3 Local Tax Relief

Operating in designated free economic zones or enterprise cities can grant additional relief on acquisition and property taxes, sometimes up to 100% exemption. ([investkorea.org](https://www.investkorea.org/ik-en/cntnts/i-5006/web.do))

3. Government Grants & Startup Support Programs

South Korea’s Ministry of SMEs and Startups (MSS) operates diverse programs for foreign founders, offering workspace, mentoring, and financial assistance.

3.1 Global Startup Center (GSC) & Commercialization Grant

The Global Startup Center (GSC) provides mentoring, visa help, and grants of up to KRW 60 million for product development and market testing. ([startup-korea.com](https://startup-korea.com/programs/korea-startup-visa))

3.2 K-Startup Grand Challenge

This accelerator program offers foreign startups office space, funding, and investor matching. It remains Korea’s most recognized global startup competition. ([en.wikipedia.org](https://en.wikipedia.org/wiki/K-Startup_Grand_Challenge))

3.3 R&D and Innovation Subsidies

The MSS, KISED, and KOSME support R&D projects with grants and matching investments for early-stage startups. ([launchroad.io](https://launchroad.io/blog/korea-startup-visa))

4. Practical Tips for Success

  • Start Early: Prepare OASIS courses and IP before entering Korea.
  • Register Under FIPA: Investment over KRW 100 million unlocks extra tax and visa benefits.
  • Choose Strategic Locations: Seoul Startup Hub, Pangyo Techno Valley, or regional innovation centers maximize support access.
  • Stay Compliant: Maintain accurate filings and renew visa on time.

5. Typical Timeline for Foreign Founders

  1. Month 1–2 : Enter Korea, complete OASIS courses.
  2. Month 2–4 : Develop business plan, apply for patents, register company.
  3. Month 4–6 : Apply for D-8-4 or Special Startup Visa.
  4. Month 5–8 : Apply for GSC or K-Startup funding programs.
  5. Year 1–5 : Operate business, scale, and reinvest profits under tax incentives.

Conclusion

With structured visa systems, powerful tax benefits, and diverse government grants, South Korea has become one of Asia’s most attractive destinations for foreign entrepreneurs. Whether through the OASIS-based D-8-4 visa or the new 2025 Special Startup Visa, founders can leverage the ecosystem’s full support to innovate and grow in Asia’s fourth-largest economy.

References & Credible Sources

  • Digital Nomads Korea – “South Korea’s Startup Visa: The Complete Guide (2025)”
  • Flip Korea – “Guide for Foreigners from D-10-2 to D-8-4 Visa”
  • Launchroad – “Korea Startup Visa Step-by-Step Guide”
  • Startup Korea – “Korea Special Startup Visa (2025 Program)”
  • Pearson Korea – “Business Registration in Korea 2025 Guide”
  • Invest KOREA – Official Investment Incentives (2025)
  • K-Startup Grand Challenge (Official & Wikipedia Pages)

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