What is IISPB Public Service Investment Immigration
- If you invest more than 500 million won in a public service investment product designated by the Minister of Justice, you, your spouse, and unmarried children will be granted unrestricted residence (F-2) qualification, allowing freedom in all activities such as entry, employment, business, and education. If you maintain the investment status for five years, you will be eligible for permanent residency (F-5) based on certain criteria. ※ Korean language proficiency test is exempted upon acquiring F-5 status, but a foreign criminal history certificate must be submitted
IISPB Public Service Investment Types
1. Principal Guarantee Interest-Free Type - A method where a foreigner deposits an amount exceeding the standard amount into a fund established by the Korea Policy Finance Corporation, commissioned by the Ministry of Justice - The deposited amount is lent by the Korea Policy Finance Corporation to small and medium-sized enterprises with low interest 2. Profit and Loss Type - A method where a foreigner invests an amount exceeding the standard amount in a development project carried out in a designated underdeveloped area, as agreed upon by the Minister of Justice and relevant ministries
Types of IISPB Public Service Investment Immigration
1. High-Investment Conditional Permanent Residency (F-5-25)
• Investment of 1.5 billion won or more
• Immediate grant of permanent residency (F-5) upon investment
• Pledge to maintain investment status for over 5 years
• Eligible to recover the investment after maintaining it for 5 years
2.General Investment Immigration (F-2-12)
• Investment of 500 million won or more
• Grant of residence (F-2) visa and acquisition of permanent residency (F-5) after maintaining the investment status for 5 years
• Eligible to recover the investment after maintaining it for 5 years following the acquisition of permanent residency
3.Retirement Immigration (F-2-14)
• Investment of 300 million won or more + Domestic and foreign assets of 300 million won or more
• Besides the investment, proof of domestic and foreign assets of 300 million won or more is required for F-2 (residence) visa acquisition, and for F-5 (permanent residency) acquisition, domestic assets must be 300 million won or more.
4.Real Estate Investment Linked (F-2-8, F-2-12)
Real Estate Investment Linked (F-2-8, F-2-12)
• Completed Linked Investment: In case the total investment amount in real estate (registered or acquired membership) and public interest investment is 500 million won or more (Korea Development Bank deposit must be at least 5 million won)
• Ongoing Linked Investment: In case of investing 200 million won or more in advance payment or balance in a facility with a selling price of 700 million won or more, depositing it in the Korea Development Bank, and the total of the contract deposit and deposit is equal to or higher than the standard amount
※ While it is possible to recover the investment before acquiring permanent residency (F-5), if repaid, the visa's validity will be lost, and unless there are special circumstances, departure must occur within 3 months
※ If residing overseas with a visa permit, entry to Korea is required once a year for F2 (residence) visa and twice a year for F5 (permanent residency) visa to maintain the visa
※ If you do not wish to reside in Korea and prefer occasional visits, a short-term visit visa (C-3, multiple) valid for three years will be issued
IISPB Public Service Investment Immigration Application Procedure
1.Preliminary Assessment of Investment Immigration (Immigration Office)
- The investor must undergo the assessment personally (bring a passport)
2. Opening a Foreign Exchange Account in One's Own Name
- Bring a passport, foreigner ID, and the preliminary assessment application
3.Transfer of Investment Funds
- Personal transfer is not mandatory, a third party can also make the transfer
- Direct deposit (foreign exchange report certificate is required)
4. Application for F2 (Residence) Visa, F5 (Permanent Residency) application for high-investment individuals at the Immigration Office
- Departure is possible after visa approval
5. Application for Investment Fund Recovery after maintaining the investment for 5 years (Immigration Office)
※ Since the investor must undergo a preliminary assessment for investment immigration, even if the investor resides overseas, at least one entry to Korea is required. After the preliminary assessment, the process can be delegated with a power of attorney
Documents Required for Public Service Investment Visa (F2) Application
① Application, passport copy, photo, fees
② Proof of investment payment (investment confirmation certificate with the seal of the investment attraction institution, bank transfer statement, etc.)
③ Proof of foreign currency import (e.g., foreign exchange purchase certificate, overseas remittance receipt, proof of remittance)
④ Family relationship certificate (only when applying for a qualification change for the investor's spouse or unmarried children)
⑤ For retirement investment immigrants, proof of assets of 300 million won or more (evidence of domestic and foreign assets such as deposits, real estate, etc.)
※ In the case of unmarried children, proof of unmarried status is required.
⑥ Additional documents proving that the investment amount has been remitted or paid to the corporation in the name of the investor abroad (only if the individual has invested through a corporation)
⑦ Documents proving the current executive or major shareholder status of the corporation invested in, and an official letter from the corporation specifying the list of relevant parties (only for executives or major shareholders of the corporation)
What is IISRE Real Estate Investment Immigration ?
- If you invest more than 500 million won in real estate investment targets designated by the Minister of Justice, at the same time as the investment, unrestricted residence (F-2) qualification is granted to the investing foreigner or the executives and shareholders of the corporation, their spouses, and unmarried children, allowing freedom in all activities (entry, employment, business, education). If you maintain the investment status for five years, permanent residency (F-5) qualification is granted based on certain criteria. ※ Upon acquiring permanent residency, Korean language proficiency test is exempted, but a foreign criminal history certificate must be submitted
Minister of Justice Designated Real Estate Investment Targets
Investment Area | Investment Targets | Investment Amount |
Hwayang District, Yeosu, Jeollanam-do | Resort condominiums, tourist pensions, General accommodation facilities and Residential accommodation facilities | Over 500 million won |
Jungdongjin District, Gangneung, Gangwon-do | Resort condominiums, tourist pensions, General accommodation facilities and Residential accommodation facilities | Over 500 million won |
Haeundae Tourist Resort, East Busan Tourism Complex, Busan | Resort condominiums, tourist pensions, General accommodation facilities and Residential accommodation facilities | Over 500 million won |
Yeosu-Gyeongdo Marine Tourism Complex, Jeollanam-do | Resort condominiums, tourist pensions, General accommodation facilities and Residential accommodation facilities | Over 500 million won |
Jeju Special Self-Governing Province | Resort condominiums, tourist pensions, General accommodation facilities and Residential accommodation facilities | Over 500 million won |
Songdo International City, Yeongjong District, Cheongna International City, Incheon Free Economic Zone | Resort condominiums, tourist pensions, General accommodation facilities and residential accommodation facilities, Sports facilities-linked construction housing | Over 500 million won |
Alpensia, Pyeongchang, Gangwon-do | Resort condominiums, tourist pensions, General accommodation facilities and Residential accommodation facilities | Over 500 million won |
IISRE Real Estate Investment Immigration Detailed Contents
1.The foreigner who invested is that
① Completed the registration of ownership for the investment facility
② Received membership qualification for condominiums or other investment facilities
③ Is categorized as a real estate investor of 700 million won or more
※ Real estate investor of 700 million won or more: Those who have signed a contract and paid a contract deposit for high-value real estate with a unit price of 700 million won or more, deposited 200 million won or more as a mid-term payment or balance in the Industrial Bank of Korea, and whose total sum of the contract deposit amount and deposit exceeds the standard amount for real estate investment in the area where the investment facility is located (Ongoing Linked Investment)
2.F-2 qualification is also granted if the total amount invested in real estate investment immigration targets and public service investment immigration targets is over 500 million won
3. Recognition is also given when the period of investment in real estate investment immigration targets and public service investment immigration targets totals five years or more upon changing to permanent residency F5
4. Foreigners who invested 100 million won or more as contract deposits or mid-term payments are granted F1 (cohabitation) qualification for one year.
※ Must continue investing while maintaining the investment status of 100 million won or more
※ If additional investment of 100 million won or more is not made for more than a year due to the investor's fault, residence permit may be restrained
5. If the investment is withdrawn before acquiring permanent residency (such as selling real estate, canceling ongoing contracts, transferring membership), the visa's validity is lost, and departure must occur within three months without special circumstances.
6. The investor must not fall under the following disqualification reasons
- Those who have been fined or criminally punished
- Those who fall under entry prohibition reasons or have concerns about jeopardizing the security, order, public welfare, or other interests of the Republic of Korea
- Those who have submitted false documents
- Those who use investment facilities for profit activities such as selling or renting, setting up collateral, or whose investment facilities are seized
- Those who invested 700 million won or more (Ongoing Linked Investment) in contract deposits or mid-term payments and have remaining amounts of 200 million won or less after withdrawing the deposit or did not submit proof of registration or membership acquisition within three months after finally withdrawing the deposit from the Industrial Bank of Korea.
IISRE Real Estate Investment Immigration Application Procedure
Pre-screening for investment immigration → Contracting and acquisition of investment real estate → Confirmation of investment and F2 visa application → Application for permanent residency after 5 years
Documents Required for Real Estate Investment Visa (F-2-8) Application
① Application, passport, alien registration card (for aliens), photo, fees
② Real estate purchase contract, real estate registration certificate (for registrants only)
③ Membership certificate issued and confirmed by the Korean Condominium Management Association, membership confirmation issued by the real estate development company, and deposit receipt (for members only)
④ Vacancy confirmation for unsold houses (for real estate investors of unsold houses only)
⑤ Examination records of the moving-in households of the relevant house (for real estate investors of unsold houses only, issued by the head of the town, town, or dong, valid only if issued within 5 days from the issuance date)
⑥ Proof of foreign currency import (submit foreign exchange purchase certificate, confirmation of payment information issued by the bank for card payments, copy of credit card sales slip, and deposit receipt from the real estate development company)
⑦ Additional documents proving that the investment amount was remitted or paid to the corporation in the name of the investor abroad (only for indirect investments through corporations)
⑧ Documents proving the current executive or shareholder status of the corporation invested in, and an official letter from the corporation specifying the list of relevant parties (only for executives or shareholders of the corporation)
⑨ Family relationship certificate (only when applying for a qualification change for the investor's spouse or unmarried children)
※ For adult children, documents confirming their unmarried status (generally submit public documents, if not available, a confirmation letter from the investor parent)
Requirements for changing to permanent residency (F5)
★ Maintain Real Estate Investment Immigration Residence (F-2) qualification for over 5 years
- Maintain investment status for five years without losing investment conditions such as leasing, collateral setting, sale, or seizure of investment facilities
- Do not fall under disqualification reasons separately specified, such as entry prohibition reasons or submitting false documents
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