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Real Estate Investment Immigration System
System Overview
A system that grants resident (F-2) status to foreigners who invest in real estate designated by the Ministry of Justice and grants permanent resident (F-5) status if certain requirements are met.
  • Area : Incheon Free Economic Zone (Songdo, Yeongjong, Cheongna)
  • Amount : 1 billion won or above(*Must be brought in from overseas)
  • Target : Recreational condominiums, general and living accommodations, houses built in conjunction with sports facilities, tourist pensions
  • Period : Until April 30, 2026
  • Basis : Standard notice on investment area, investment target, and investment amount of real estate (Ministry of Justice)
Visa classification
Visa classification Table - Category, F-1, F-2, F-5 Provided Table
Category F-1 F-2 F-5
Types Visitor Visa Resident Visa Permanent Visa
Period 1 year 2 years/3 years Permanent
Requirements Application is possible when investing in the facility with a deposit or interim payment of 100 million won or above Application is possible when investing more than 500 million won in the facility Application is possible after receiving the F-2 visa, and have an investment product for 5 years with no grounds for disqualification
Characteristics Solely for the investor Investor/spouse/unmarried children allowed, re-entry within 1 year from the date of departure After the issuance of permanent residency, it is permitted to buy and sell real estate and change your residence in Korea
Documents Required
  • Application form, passport, photo, fees
  • Real estate sales contract
  • Forex Purchase Certificate
  • Preliminary Examination Approval Form
  • Application form, passport, photo, fees
  • Real estate sales contract
  • Certified copy of Real estate registration
  • Forex Purchase Certificate
  • Proof of family relations
    (when applying for a family)
  • Application form, passport, photo, fees
  • Alien Registration Card
  • Certified copy of Real estate registration
Remarks
  • Small Investors
  • Visa for staying
Permanent resident visa can be applied for those without maintenance/disqualification reasons for 5 years If permanent residency is not granted, the F-2 visa can be extended depending on the situation
Progress Classification
  • Investor Entry and Investment Selection
  • Pre-screening
  • Issuance of foreign real estate registration number
  • Opening a bank account
  • Those who invest more than 100 million won in contract and sale can apply for an F-1 visa.
  • F-2 visa (resident) can be applied by those who invested more than 500 million won and completed investment registration
  • Qualification for an F-5 visa (permanent)
Conditions of Permission and Reasons for Disqualification
Conditions of Permission and Reasons for Disqualification Table - Permitted, Disallowed Provided Table
Permission Refusal
  • If proven that the investment threshold amount was invested with foreign capital.
  • Maintainance of investment
  • There are no other grounds for disqualification
  • Those who have been fined or criminally prosecuted
  • Those who may harm the interests of the Republic of Korea (i.e. entry ban, etc.)
  • If false documents are submitted
  • If an investment product is sold, leased, mortgaged, or foreclosed.
  • When investment products are used for profit activities
Immigrant Investor Scheme for Public Business (IISPB)
A system that grants resident (F-2) visas to foreigners who invest 500 million won or more such as public interest funds announced by the Minister of Justice, and permanent (F-5) visas to those who maintain the investment status for 5 years (fund sales: Woori Bank)

Real estate investment immigration system, public utility investment immigration system, and linked investment are available.

Institutions related to the stay of foreigners
Institutions related to the stay of foreigners Table - Contents, Contact Information Provided Table
Contents Contact Information
Information Center for Foreigners: 1345 without the area code
Pre-implementation of real estate investment immigration system, visa application, and issue Pre-implementation of real estate investment immigration system, visa application · Issued 032)890-6393
Issuance of registration number for foreigner real estate registration Seoul Immigration Office for Foreigners (Mokdong) 02)2650-6214
1544-0770
Public Interest Investment Immigration System Investment Immigration Counseling Center 032)740-7888
Education Elementary, Middle and High School (Songdo) Dongbu Office of Education 032)460-6000
(Yeongjong) Nambu Office of Education 032)762-7361
(Cheongna) Seobu Office of Education 032)560-6600
Cheongna Dalton Foreign School 032)563-0523
Chadwick Songdo International School 032)250-5000
Education Global Campus 032)626-0114
Medical Benefits Global National Health Insurance Corporation 1577-1000
National taxes (comprehensive income tax, capital gains tax, etc.) National Tax Service 126 without the area code
Local taxes (acquisition tax, automobile tax, etc.) (Songdo) Yeonsu-gu Office 032)749-7464
(Yeongjong) Jung-gu Office 032)760-7230
(Cheongna) Seo-gu Office 032)560-4210
Foreign Investment Information Incheon Metropolitan City Hall 032)120
Incheon Free Economic Zone Authority