IISPB Investment Visa / Permanent Residence
IISPB Investment Visa has been amended on June 29, 2023.
Major points of revision
- IISPB investment immigration is increased from 500 million won to 1.5 billion won
- IISPB permanent residency investment immigration increased from 1.5 billion won to 3 billion won
- The retirement immigrant visa for those over 55 will be abolished.
The IISPB investment visa is a system that allows you to receive a resident visa (F2 visa) immediately by depositing KRW 1.5 billion in a public buiness investment fund guaranteed by the Korean government. If you maintain the investment status for the next 5 years, you can change to permanent residency (F5 visa).
Benefits of the Public business Investment Visa
- Proof of income, Korean language test, academic background, job experience, etc. are not taken into consideration when issuing a visa.
- free entry and exit
- free real estate transaction
- Business: You can do business with business registration without creating a corporate company
- Employment: You do not need to obtain a separate work visa.
- Study: You do not need to obtain a separate study visa.
- Spouses, minor children, and unmarried adult children are also eligible for F-2
- Even if you live abroad, you can maintain your visa status by leaving a record of entering Korea only once a year.
- If you stay in Korea for more than 6 months, you can subscribe to Korean health insuranc
IISPB Investment Funds types
principal guarantee interest-free
- A system in which foreigners deposit more than the standard amount in a public fund operated by the Korea Development Bank entrusted by the Ministry of Justice and only repay the principal after 5 years. no interest. The deposited amount is loaned to SMEs by the Korea Development Bank at a low interest rate.
Profit and loss type
- A system in which a foreigner invests a standard amount or more in a development project promoted in an underdeveloped area* designated and announced by the Minister of Justice in consultation with the relevant ministry (Ministry of Land, Infrastructure and Transport) and incurs a loss or profit from the investment
*optional
Differences by IISPB Investment amount
1. Investment immigration (more than 1.5 billion won)
- The same resident visa (F-2 visa) is issued not only to investors, but also to spouses, minor children, and adult unmarried children.
- Even if you live abroad, you can maintain your visa status if you leave a record of entering Korea only once a year.
- Upon initial issuance, a 3-year period of stay is granted and must be extended once in the middle. (extension is not difficult)
- If you receive a green card (F5 visa) after 5 years, you can withdraw the principal of 1.5 billion won.
- You can withdraw your investment in the middle, but if you withdraw your investment, your visa will immediately expire.
2. Permanent residency investment immigration (more than 3 billion won)
- Investment amount: over 3 billion won
- If you deposit 3 billion won in a public project investment fund, you can receive permanent residency right away.
- You can enjoy the same benefits as a permanent resident.
- The principal is safely guaranteed, and the investment can be recovered at any time.
- Not only the investor himself, but also his spouse, minor children, and unmarried adult children are granted permanent residency.
- Even if you live abroad, you can maintain your visa status by leaving a record of entering Korea only once every two years.
- For issuance of permanent residency, you must submit a criminal record certificate from your home country.
IISPB Investment Visa Application Process
In order to apply for the IISPB Investment Visa, the investor himself/herself must visit the Korea Immigration Office and undergo an investment review. All subsequent procedures can be replaced with a notarized power of attorney.
If the investor himself or herself does not have enough time, they can leave the country immediately after pre-screening. With a notarized power of attorney, subsequent procedures such as opening a bank account and applying for a visa can be performed on your behalf. In the case of a spouse or child, a visa can be issued without entering the country. (Family relationship notarized documents are required)
If you can only stay in Korea for about a week, you can complete the visa approval.
Investor entry into Korea |
Investment pre-screening (Immigration Office) |
| ⇒ Opening an investment account in Korea by a foreigner and remittance of investment (bank) |
| ⇒ Application for residence visa (F2 visa) (Immigration Office) |
| ⇒ Departure after approval |
| ⇒ Alien registration card, investment certificate, etc. delivered by overseas mail |
| ⇒ Permanent residence (F5 visa) status change after maintaining investment for 5 years |
| ⇒ Apply for return of investment after changing status of permanent residence (F5 visa) |
IISPB Investment Visa Considerations
1. Remittance of investment may be difficult due to country-specific remittance limits.
- – You do not have to transfer money in your name.
- – It is also possible to send money in the name of the company.
2. When applying by proxy, documents issued overseas, such as a power of attorney, proof of address, birth certificate, and criminal record certificate, must be apostille or notarized by the Korean consulate.
3. If it is not your biological child, you will need to go through a separate confirmation process, so please check.
Investment visa inquiry
