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South Korea

Located in East Asia, South Korea is an urban business and lifestyle hub. Capital city Seoul is vibrant by day and night and is the spirit of the country. The metropolis boasts excellent infrastructure, including in transportation, allowing residents easy access throughout the country. This future-focused nation’s economy is highly industrialized and the third largest in Asia.

South Korea

Residence-by-Investment Overview

South Korea’s residence program allows foreign nationals to make an investment into the country and apply for an investor visa.

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Investment

Minimum investment of KRW 300 million (approximately USD 300,000), or KRW 500 million (approximately USD 500,000) for applicants under 55 years

Processing time

Approximately 20 days for the immigration procedure

Key benefit

The right to live, work, and study in South Korea

The South Korea Residence-by-Investment Program

South Korea is one of the most desirable destinations in Asia and worldwide and is a highly sought-after location for investors. For those who wish to reside in this attractive, future-focused country, the South Korea Residence-by-Investment Program is the most efficient way to acquire such status. The South Korean government has allowed for a substantial number of visas for individuals who wish to make an investment into the country that would boost the economy through foreign direct investment. Under this program, individuals can become residents of South Korea within less than a month and permanent residents after five years.

Benefits of the South Korean residence-by-investment

  • Economically stable, with a successful job market
  • Universal healthcare and mandatory education for residents
  • Highly industrialized, high-tech, service-based economy — perfect for investment
  • A vibrant capital city and glorious landscapes across the nation
  • Permanent residence possible after a five-year residence period
  • Excellent schools, with tuition available in English
  • Residence of a member state of the United Nations, the G-20, the Association of Southeast Asian Nations Regional Forum, and the World Trade Organization, among others

Requirements of the South Korea Residence-by-Investment Program

The South Korea Residence-by-Investment Program requires that a foreign individual invests into a bank deposit in the country.

  • Applicants 55 years and older are required to make a minimum bank deposit of KRW 300 million (approximately USD 300,000). The applicant needs to have assets worth at least KRW 300 million (approximately USD 300,000).
  • Applicants under 55 years old are required to make a minimum bank deposit of KRW 500 million (approximately USD 500,000).
  • Applicants of any age can make a minimum bank deposit of KRW 1.5 billion (approximately USD 1.5 million) to receive a permanent residence (F-5) permit immediately upon payment

Documentary evidence of the investment must be provided as part of the application process.

Procedures and time frame of South Korean residence-by-investment

Applications to the program must be made through the prescribed forms and must be accompanied by the appropriate fees and supporting documents. Residence permits are usually issued after a 20-day consideration period. They have an initial validity duration of three years and can be renewable for two years thereafter, provided that a minimum investment in South Korea is maintained by the applicant.

The applicant follows the below process to apply under the program:

  1. Visit South Korea.
  2. Open a bank account in the country and deposit the minimum investment of KRW 300 million (approximately USD 300,000), or KRW 500 million (approximately USD 500,000) for applicants under 55 years.
  3. Receive F-2 resident status immediately upon making the investment. (To receive F-5 permanent residence immediately, applicants invest KRW 1.5 billion (approximately USD 1.5 million)).
  4. Receive permanent residence (F-5) after maintaining the required investment for five years.

All permanent residents are eligible to apply for citizenship, provided that all necessary requirements are met.

In addition, South Korea does not allow dual citizenship.

South Korea

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