F-5-5 Visa Big Investor Permanent Residency

In order to apply for F-5-5 permanent residency, the following conditions must be met.

The F-5-5 permanent residency is for those who have invested 500,000 USD or more in Korea to establish a foreign-invested corporation and have employed 5 or more Koreans as regular workers for 6 months or more.

In order to apply for F-5-5 large investor permanent residency, you must first obtain a D-8 investor visa to operate a business, and then change to permanent residency in accordance with the requirements below.

Requirements for applying for permanent residency after investment

1. sole investor
   1. The applicant must be a contracting party that directly employs 5 or more Koreans as full-time workers for 6 months or more.
   2. If the number of employed citizens overlaps with the number of employed persons of other applicants for permanent residency within 6 months prior to the date of application, they are excluded from the number of persons.
2. co-investor
   1. In accordance with the “Foreign Investment Promotion Act” per investor, invest at least USD 500,000 and employ at least 5 nationals, but meet the above requirements for a single investor.
   2. When calculating the number of employees, each investor must be a different citizen.

F-5-5 Proceedings

Main documents to be submitted when applying for F-5-5 permanent residence

1. Foreign-invested company registration certificate, corporate registration certificate, business registration certificate
2. Documents proving permanent employment of Korean nationals
   1. List of subscribers at the 4 major insurance business establishments, income certificate of employed Koreans
   2. Employment contract, full-time employment confirmation, etc.

Special Benefits for F-5-5 Permanent Resident Applicants

1. Overseas Criminal Record Exemption
2. Exemption from examination of import requirements
3. Exemption from the Korean language proficiency requirement