IFEZ 인천경제자유구역 로고

Step 01Expression of Intent to Invest

• Submission of Investment Proposal (business plan)
• Submission of Letter of Intent (LOI)
• Submission of Proof of Ability to Implement
  
  • Business information memorandum of investors and consortium participants (company status, performance, financial status, organization, internal agreements, etc.)
  • Financing plan and proof of financial ability certified by relevant financial institutions

• Support for the implementation of Feasibility Studies
  
  • Pertinent information on the physical environment, and other investment conditions (site survey, etc.)
  • Provision of data on risk factors (risk factors for the country, market, business, approval, management, etc.)
• Provision of various industry-related information

Step 02Submission of Investment Proposal

• Objectives/Background of the Business
• Development plan (concept establishment, facilities to be introduced, development strategy, architectural plan/rendering)
• Financing and Investment Plan
  
  • Equity Capital, Debt Capital
• Project Implementation Plan and Structure
• Results of business feasibility analysis and the ripple effect
• Project Management
  
  • Business Process Management Plan
  • Risk management
  • Negative effect reduction plan
• Fund recovery, repayment plans
• Management/Operational Plan
  
  • Land/Facilities/Management/Disposal, Sales
  • Attraction of Brands and Tenants, etc.

• Guidelines for investment proposal preparation
• Introduction of local Korean partners if desired (implementation/construction/ legal affairs/accounting/consulting/financial institutions, etc.)
• Provision of technical data on corresponding businesses
• Information and guidance on incentives and administrative services

Step 03Investment Proposal Evaluation

• Evaluation of the feasibility and adequacy of the investment proposal
• Verification of the investor's ability to implement
• If deemed qualified to implement, appoint as a preferred bidder

• Evaluation of the validity, feasibility and stability of the business plan
• Review of the adequacy of the project implementation plan
• Conduct a credit background check
• Confirmation of companies' willingness to participate and their financial capacity

Step 04Negotiation

• Establishment of the negotiation agenda through consultation
• Proceed with negotiations
• Agreement on Principles for Investment (MOU or Basic Agreement on Implementation Agreement)

• Create a negotiation agenda to shorten the time period and minimize administrative costs

Step 05Appointment of Project Implementer

• Implementation of investment prerequisites
  
  • Completion of the implementing organization's composition, etc.
• Designation of project implementer
  
  • Foreign companies or consortiums
• Project Implementation Plan and Structure
  
  • Investment Report
  • Introduction of initial capital
  • Capital Payment
  • Establishment of SPC or establishment of branch office
  • Enterprise registration

• Support for handling authorizations and permits
• IFEZ's Collective Support Service
• Operation of a dedicated support system for each business (designated project manager)
• Designation as a Foreign Investment Zone

Step 06Land Contract

• IFEZ's Land Appraisal
• Land contract and payment of deposit
• Transfer of ownership registration after payment of the balance

• Transfer of ownership registration after payment of the balance
• Acceptance of long-term payment plan at the time of purchase
• Reduction or exemption of loan fees in case of a rental
• Land acquisition tax reduction or exemption (primarily local taxation)