About South Korea Citizenship and Residency

South Korea offers residency by investment, the South Korea residence by investment program was first introduced in 2010 with the real estate investment option. In 2012, South Korea introduced the Public Business program to complement its offering with business and bond investment options. The programs provide a 2-year resident permit that is renewable. After 5 years of living in the country, applicants become eligible for South Korean permanent residence and citizenship. The South Korean passport is a world-class travel document providing visa-free travel to the U.S, Europe, and China. South Korean non-permanent residents are not liable to taxation on their foreign income.

 

OPZIONI DI INVESTIMENTO

Public Business Risk-Based Investment Option – Investment amount of 500M KRW or 300M KRW if 55 years old or older, to be held for 5 years in a development project in a less-developed region. Application fees are 130,000KRW per person.

Public Business Guaranteed Investment Option – Investment amount of 500M KRW to be held for 5 years or 300M KRW if 55 years old or older to be held for 5 years in a government fund. Application fees are 130,000 KRW per person.

Real Estate Investor – Investment amount of 500M KRW to be held for 5 years in real estate in specific areas. Application fees are 130,000 KRW per person.

 

Investment standards have changed in recent years, previously an investment of 50 million won would enable the individual to gain immediate permanent residency. The investment business visa is also known as a D-8 residence visa and is awarded to foreign investors provided they meet the investment criteria.

 

The conditions to gain a D-8 residence permit are as follows:

• The applicant must establish a company in South Korea to enter into a partnership with a Korean firm
• The applicant must invest a minimum of 50 million won into the business enterprise

 

In 2010 South Korea decided to increase the minimum investment criteria for foreign individuals from 50 million won to 100 million won in a bid to regulate the number and types of foreign investors in South Korea. The country had been experiencing a large number of foreign investors who invest with no intention of creating a business in South Korea. Increasing the minimum amount of investment ensures that the investor who does apply for a D-8 residency visa is serious about investing in South Korea and living there. Foreign investors in South Korea still require a Korean guarantor despite investing a large sum of money into the economy.

 

Foreign Investment Opportunities can be:

•  Foreign Direct Investment (FDI)
• Portfolio Establishment
• Branch Establishment
• Legal Entity Establishment
• Factory Establishment
• Real Estate Acquisition
• Investment in Infrastructure

 

Applicants seeking permanent residency in South Korea through investment have unlimited freedom in choosing the type of business they applicant wishes to invest in. The only conditions which must be adhered to are that the company has to acquire a registration certificate of foreign investment, and this certificate has to be authenticated by a Korean bank or Korean trade-investment promotion agency.

 

 

Benefits Of South Korea Residency By Investment Program

• Applicants are provided with a 2-year resident permit
• Non-permanent residents can be exempt from income tax on foreign assets
• Eligible for a reduction or exemption on corporate tax, income tax, acquisition tax, and property tax
• Applicant can qualify for citizenship after 5 years
• Foreign Investors are not required to forfeit their previous citizenship at a naturalization
• No physical presence requirements
• Applicants can bring their unmarried children

 

South Korea Residency Requirements And Qualifications

Requisiti

• Provide a police report and be of good character
• Provide a tuberculosis test certificate
• Possess a net worth above 300M KRW

 

Passi e sequenza temporale

Step 1: Month 1 – Notification of the Ministry of Justice in the region in South Korea where the investment will be made. (this step only applies to the Risk-Based Investment option).

Step 2: Month 2 – Upon approval, gather documents and apply to the Immigration Office, along with application fees.

Step 3: Month 6 – The Immigration Office will review your application and invite you to finalize your investment. Upon completion, you must submit proof of the investment to receive your residence permit.

 

I nostri servizi

Privacy World offre i suoi servizi a chiunque, non solo cerchi di ottenere procedure di residenza e/o cittadinanza, ma i nostri esperti escogitano modi legali per:

• Trova la soluzione migliore per le tue esigenze.
• Identifica e implementa una strategia per aiutarti a raggiungere i tuoi obiettivi.
• Attiva la nostra rete di persone nel paese in cui hai bisogno di aiuto senza dover cercare la soluzione migliore o un avvocato. Lavoriamo solo con persone autorizzate in ogni paese che controlliamo attentamente e approviamo le linee guida e i principi di privacy che rappresentiamo.
• Concentrati sul taglio della burocrazia e accelera il processo.
• Fornisci una comunicazione adeguata con te sul tuo caso.
  …. e soprattutto: Offrirti strategie legali per fornire ulteriori livelli di privacy per la tua identità, mentre ottieni la tua residenza o cittadinanza!

Privacy World can also help you with incorporating your company in South Korea, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.

Vuoi che Privacy World gestisca il tuo caso? Hai qualche domanda? Contattaci!

Domande frequenti