Why do people from all over the World want to get Permanent Residency in South Korea?
South Korea is an advanced, high-income country that is very safe, well-policed and peaceful, with gun ownership illegal and there is a very negative public perception of drugs and the like.
- Stable Economy: Korea has developed into a major global economic player. It boasts a strong industrial base, advanced technology, and is home to multinational corporations. People may seek permanent residency to benefit from the country's economic stability and job opportunities.
- Education: Korea has reputable universities and educational Institutions. Individuals, especially students and academics, may pursue permanent residency to access higher education or research opportunities
- Quality of Life: Korea is known for its modern infrastructure, healthcare system, and overall high quality of life. Some individuals seek permanent residency for themselves and their families to enjoy a better living environment.
- Cultural Appeal: KLorea has arich cultural heritage, and its popular culture, including K-pop, K-dramas, and cuisine, has gained international popularity. Individuals may be attracted to the country's cultural offerings and wish to integrate into Korean society.
- Global Business Hub: Seoul, the capital of South Korea, is a major business hub in Asia. People involved in international business may seek permanent residency to establish a base for their business Activities.
IISPB (Immigrant Investor Scheme for Pbulic Business)
The IISPB grants Resident (F-2) status for free economic activities, to foreigners making certain amount of investment in compliance with the standards set by the Minister of Justice, and allows changing the status to Permanent Resident (F-5) if the foreign investor maintains the investment for at least 5 years.
Principal Guaranteed and Interest-Free Investment
Foreign Investor deposit the minimum required money in the public fund that the Korea Development Bank, commissioned by the Ministry of Justice3, operates and the investment principal (only) is returned after 5 years.
- Applicant must invest the minimum investment amounts in the projects and funds of the Immigrant Investor Scheme for Public Business
- Applicant will be granted F-2 Resident Status immediately after you make your investment
- Applicant will be granted Permanent Residency if you maintain your original investments for 5 years
- Principal Protection: Notwityhstanding no interest until the full recovery, the scheme guarantees the return of the original amount invested.
Minimum Investment Amount
- General Investment Immigration: 1.5 billion KRW or more
- High-amount Investment Immigration: 3 billion KRW or more
Procedure of Investment
1st. step. Preliminary Review
The Preliminary Evaluation helps the investment process go smoothly and assesses a potential foreign investor's eligibility for the status of stay in Korea in advance.
2nd. step. Establishment of a Bank Account for Wire Transfer of Investment Money
Applicant opens a new bank account for a wire transfer of your investment money.
3rd. step. Visa Issuance and Entry
Applicant will receive the support for visa application and entry into Korea
4th. step. Investment Confirmation and Change of the Status to F-2 Permanent Resident
Once applicant has properly made the investments after arriving in Korea, Applicant will have to change their status to F-2 Resident.
What is Good point of IISPE
- The investor, his/her spouse, and unmarried children will be granted F-2 Resident status him/her to freely leave/enter, work, run a business and study in Korea.
- In case the investor maintains the investments for 5 years, he/she will be granted F-5 Permanent Resident Status.
Get permanent residency in Korea by investing in property