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Real Estate Investment Immigration System

What is ‘The Immigrant Investor Scheme for Real Estate Program?

Real Estate Investment Immigration System

System Overview
  • Where : Incheon Free Economic Zone Region (Songdo, Yeongjong, Cheongna)
  • What :
    Recreational facilities such as Recreational Condominiums, Hotels, Golf Residences, Villas and Apartments
    * Please inquire its specific requirements.
  • How much : Over 0.5 Billion KRW Until
  • when : 30 Apr. 2023
Immigration Benefits
  • Allow to freely enter, depart, live, work, run own business in Korea
  • Receive compulsory education as Koreans
  • Apply Medical Insurance System & Benefits
Procedure for Investment & Acquisition of Permanent Residence Right
  • 01. Arrive in Korea
  • 02. Request investment consultation/preliminary assessment
  • 03. Enter into an investment contract/acquire investment product
  • 04. Invest a minimum of KRW 100 million for a Visiting or Joining Family (F-1) Visa; Invest a minimum of KRW 500 million for a Long-term Resident (F-2) Visa
  • 05. Change the Visiting or Joining Family (F-1) Visa; Extend the Long-term Resident (F-2) Visa
  • 06. Apply for a Permanent Foreign Resident (F-5) Visa upon retaining the investment asset for five years)
Resident Visa Issued to Foreign Investors & Their Accompanying Families
Classification C-3 F-1 F-2 F-5
Visa Type Short-term Visiting Visa Visiting Visa Resident Visa Permanent Resident Visa
Visa Period 3 years, possible stay of 90 days for every visit 1 year 3 years (for the first application) → 2 years (when extended) Permanent
Requirements Purchase or possession (registration completed) of leisure staying facilities (condominiums, etc.) worth more than KRW 7million More than KRW 100million is paid for a down payment and intermediate payment. Purchase or possession (registration completed) of leisure staying facilities (condominiums, etc.) worth more than KRW 5million When maintaining the qualification of F-2 Visa more than 5 years with no grounds for disqualification.
Subject Investor, accompanying family (parent, spouse, child(ren), parents-in-law) Investor Investor
※ Accompanying family of investor (spouse & Minors children) : F-2 Visa, 2 years
Investor
※ Accompanying family can apply only after acquisition of investor’s Permanent Residency Rights
Features Non-scheduled visit possible with no foreigner registration Visa that allows small investors to stay in Korea Possible to visit on renewal of visa without residence After issuance Permanent Residency Rights, it is possible to trade real estate or move to other regions in Korea
Application Documents
  • Application form, passport(copy)
  • Certified copy of real estate registration, Real estate trade contract
  • Certificate of purchased foreign currency
  • Family relation certificate
  • Application form, passport(copy)
  • Real estate trade contract
  • Certificate of purchased foreign currency
  • Family relation certificate
  • Application form, passport(copy)
  • Certified copy of real estate registration, Real estate trade contract
  • Certificate of purchased foreign currency
  • Family relation certificate
  • Application form, passport(copy)
  • Certificate of alien registration
  • Certified copy of real estate registration
Remarks No need of F-2 Visa or Permanent Residency Rights Guarantee investor’s visit before registration of real estate Possible application for Permanent Residency Rights after keeping the investment for 5 years When application is denied, extention is possible with F-2 Visa

Procedure of Investment & F-5 Qualification

Public Project Investment Immigration Fund
  • ‘Korea Finance Corporation’, the Korean government’s wholly-owned public enterprise, raises and operates the fund commissioned by the Ministry of Justice.

    * This is a financial product with high stability
    * the entire original capital is protected, but revenue is not generated.

  • Korea Finance Corporation (1644-4100, www.kofc.or.kr)
  • 01.
    Request preliminary assessment
  • 02.
    Open exclusive account and transfer investment amount
  • 03.
    Receive Visa and arrive in Korea
  • 04.
    Confirm investment and apply/extend Long-term Resident (F-2) Visa
  • 05.
    Apply for a Permanent Foreign Resident (F-5) Visa upon retaining the investment for five years
Invest in Both Real Estate and Public Project to Get Benefits of Permanent Residency Rights in a simpler procedure.

When the combined amount of investment in public project investment immigration product and investment in real estate investment immigration product is higher than the standard amount of real estate investment immigration, investors may acquire qualification for Residency (F-2). In addition, investors may acquire qualification for Permanent Residency (F-5) when the total period of investing in real estate investment immigration product and public project investment immigration product is over five years.

For more details?
  • IFEZ
    • Strategic Investment Planning Division(82-32-453-7311 ~ 6)
  • Minister of Justice
    • e-Government homepage for foreigners (www.hikorea.go.kr)
    • Call center for foreigner(with no regional number) 1345
    • Investment immigration center of Incheon International Airport (82-32-740-7888)