Thursday, May 26, 2011

important post for people on Korean E2 Visas

So in my 1001 stops todat wrapping up before my vacation in Canada I learned several important facts for people on E2 visas. If you don't ave one or never intent to get one you can stop reading now.

Korean immigration has changed several rules, and for a change they are in our favour.

If you get a letter of release for your current job you no longer have to lacate the country within 15 days. Immigration told me that I could stay (though not work, he made that VERY clear) until my visa expires on July 15th. I had briefly considered reorganising my flights but frankly, I've been running around so much lately that I can't be bothered, but if I had planned ahead..... Also, if you finish your visa as planned you have 30 days to vacate the country. This means no more of that finish work on Friday and having your visa expire on Saturday stuff. It also gives you time to sightsee/pack up.

We no longer need multi-entry visas! Actually I learned this before I went to Taiwan, but now we can just up and visit a country without a hassle. I was told that the time out of Korea can not exceed 30 days or else they will just cancel your visa and it will look like you did a runner. I'm not 100% sure that it's 30 days, or if it's different for dinnerent nationalities, but otherwise it's tried and tested.

Third, for US and Canadian citizens only, if you are getting your pension back but planning a return to Korea you can have the money dropped in to a Korean account and thus avoid the extortionate Canadian/US taxes. All you need to do is bring proof that you are flying back to North America, your Korean bank account info and your passport and ID card. I'm sure to lose close to $1000 of my $4500 in Korean/Canadian taxes, and with a little over 70% of that being on the Canadian side you see how much money we can save if we just plan ahead a bit.

If only I'd known all this three weeks ago........

Well that's why I'm posting, so that others can have an easier time. Enjoy

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