F-5-5 Green card High Net Worth Investor (D8 -> F5)
The F-5-5 green card is available to D8 visa holders who have invested $500,000 or more.
The F-5-5 Green card 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.
F-5-5 Permanent residency applying requirements after investment
- sole investor
- The applicant must be a contracting party that directly employs 5 or more Koreans as full-time workers for 6 months or more.
- Exclude from the headcount if the employed national is duplicated in the employment of another permanent resident applicant within the six months preceding the application date.
- co-investor
- 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.
- When calculating the number of employees, each investor must be a different citizen.
F-5-5 Permanent Residence Procedures
| Foreign Investment Report |
| ⇒ Remit funds ($500,000+) |
| ⇒ Establishing and registering a foreign investment corporation |
| ⇒ Incorporation filing and business registration |
| ⇒ Foreign-invested company registration |
| ⇒ Issuance of D-8 visa |
| ⇒ Meet Korean employment conditions for at least 6 months |
| ⇒ F-5-5 Green Card Application |
F-5-5 Permanent residence applying documents
- Foreign-invested company registration certificate, corporate registration certificate, business registration certificate
- Documents proving permanent employment of Korean nationals
- List of subscribers at the 4 major insurance business establishments, income certificate of employed Koreans
- Employment contract, full-time employment confirmation, etc.
F-5-5 Permanent Resident Applicants special benefits
- Overseas Criminal Record Exemption
- Exempt from means testing
- Exemption from the Korean language proficiency requirement
Permission to change residency status for large investors (D8 -> F2)
Investors with over $500,000, foreign corporations
- Those who have stayed for more than 3 years with a business investment D8 visa
- Executives and employees dispatched to a foreign-invested company who have stayed continuously for 3 years or more
- Required documents: Investment company registration certificate, dispatch order, certificate of employment, certificate of income amount (3 years)
Investors with over $300,000
- Those who employ two or more Koreans
- Required documents: foreign investment report, investment company registration certificate, employee employment contract, income amount certificate
- Registered with the Ministry of Justice
- Free consultation
- 100% refund if visa is denied
- An accurate consultation
- Accurate document preparation
- Provide sample documentation
- An immigration agent
- Issuance of alien registration card
- Foreign Settlement Service
- Consultation on Foreigners' Stay Plan
- Corporation / Branch / Liaison Office
- Study abroad procedures
- A search for real estate
- Provide samples document
- Living services
- Administrative Services