Risk Based Investment Visa
About
The Immigrant Investor Scheme for Public Business (IISPB) grants Resident (F-2) status, which allows free economic activities, to foreigners making a certain amount of investment in compliance with the standard 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.
Resident (F-2) status, which allows free economic activities, is granted to a foreign investor, the spouse and the unmarried children, and changing the status to Permanent Resident (F-5) is allowed if the foreign investor maintains the investment for at least 5 years.
- 500 million KRW (US$450,000) or more
- 300 million KRW (US$ 265,000) or more for a retiree investor over 55 years of age
Besides the investment, a retiree investor and the spouse should have assets of 300 million KRW or more at home and abroad.
Duration
24 Month(s)
Citizenship
84 Month(s)
Fees
115
P. Residency
60 Month(s)
Processing time
6-8 Week(s)
COMPLEXITY
Very Low
What are eligibility requirements for the Risk Based Investment Visa?
5 Eligibility Requirements
- Applicant must deposit the minimum required money in the public fund which the Korea Development Bank, commissioned by the Ministry of Justice, operates and the investment principal (only) is returned after 5 years.The Korea Development Bank lends the deposit to Small and Medium sized Enterprises at low interest rates
- Besides the investment, a retiree investor and the spouse should have assets of 300 million KRW or more at home and abroad
- Applicant accompanying family member (spouse/underage children) can apply only for F-1 visa of 2 years
- Applicant must maintains the investment for at least 5 years
- Applicant must not have a criminal record
Which documents do I need to apply for the Risk Based Investment Visa?
5 Document Required
- Application & copy of passport
- A certified copy of Fund transferred to public fund
- A certificate of the purchase of foreign exchange
- A certificate of family relations
- A certificate of clean criminal record
Talent Migration data for South Korea
Talent gain & drain map of 2015-2019 data. Sourced from World Bank Digital Development Data.
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