Category | F-1 | F-2 | F-5 |
---|---|---|---|
Types | Visiting Resident Visa | Residency Visa | Permanent Residency Visa |
Period | 1 year | 2 years/3 years | Permanent |
Requirements |
Can apply once the amount invested in an applicable facility as a down payment and interim payment exceeds KRW 100 million |
Can apply when investing KRW 1 billion or more in an applicable facility |
Can apply after receiving the F-2 visa and maintaining applicable inestment for 5 years without any disqualifying factors |
Features | Available onlyl for the investor |
Available for the investor, spouse, and unmarried children (Effective in case of re-entry within 1 year from the date of departure |
Once permanent residency obtained ,possible to sell the property and change residence within Korea |
Documents Required |
|
|
|
Remarks |
|
Valid for 5 years ; Can apply for permanent residency if there are no disqualifying factors |
If permanent residency denied, F-2 visa extension possible based on circumstances |
Investor Entry
Selection of investment target
Preliminary Review
Investors must visit Incheon Immigration Office to obtain
Preliminary Approval Certificate
Issuance of Real Estate Registration Number for Foreigners
Seoul Immigration Office(Mokdong)
Seoul Immigration Office Sejong-ro Branch(Jongno)
Opening of Bank Account Open an bank account as necessary Make deposits accordign to the Foreign Exchange Transactions Act
Contract and Purchase of Investment Product
Can apply for F-1 visa when investing KRW 100 million or more *(Limited to the investor),
- Incheon Immigration Office
Full Payment of Investment Amount of KRW 1 Billion or More and Completion of Registration of Investment Product
Can apply for F-2 (Residency) visa
(Investor, spouse, unmarried children)
- Incheon Immigration Office
Acquisition of F-5(Permanent Residency) Qualification
Can apply for F-5 visa when F-2 visa and investments are maintained for 5 years or more without any disqualifying factors.
-Incheon Immigration Office
Permission | Refusal |
---|---|
|
|
This program grants residency (F-2)o foreigners who invest KRW 1.5 Billion or more in Public interestunds designated by the Ministry of Justice
and upon maintaining the investment status for 5 years, provides permanet residency(F-5)
*Funds - selling institution : Woori Bank
Investment can be linked between the Tourist/Resort and Public Interest Project Programs.
Institutions | Telephone Number | ||
---|---|---|---|
Immigration Contact Center | 1345 without the area code | ||
Preliminary Review, Visa Application/Issuance for Immigration Program for Tourist/Resort Facility Investment |
Incheon Immigration Office | 032)890-6300(6393) | |
Issuance of Real Estate Registration Number for Foreigners |
Seoul Immigration Office for Foreigners (Mokdong) Seoul Immigration Office Sejong-ro Branch Office(Jongno) |
02) 2650-6214 02)731-1799 |
|
Immigration Program for Public Interest Projecct Investment | Global Talent Visa Center(GTVC) | 032)740-7888(7788) | |
Education | Elementary to HighSchool | (Songdo) Dongbu Office of Education | 032)400-6000 |
(Yeongjong) Nambu Office of Education | 032)762-7361 | ||
(Cheongna) Seobu Office of Education | 032)560-6600 | ||
Cheongna Dalton Foreign School | 032)563-0523 | ||
Chadwick International School | 032)250-5000 | ||
University | Incheon Global Campus(IGC) | 032)626-0114 | |
Medical Benefits | National Health Insurance Service | 1577-1000 | |
National taxes (General 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)760-7702(7114) | ||
(Cheongna) Seo-gu Office | 032)560-4956 | ||
Investment Information for Foreigners | Incheon Metropolitan City Hall | 032)120 | |
Incheon Free Economic Zone Authority |