Reorganization of investment immigration system for tour resort facilities
The tourist resort facility investment immigration system is a reform of the existing real estate investment immigration system.
Major reorganization
- Changed the name from real estate investment immigration system to “touri resort facility investment immigration system”
- The name of the real estate investment immigration system can be misunderstood as investing in apartments and real estate in downtown areas, so the name is changed to “tour resort facility investment immigration system” as the original purpose of the system.
- The investment amount was raised from KRW 500 million to KRW 1 billion by reflecting the rate of increase in land prices.
- Reinforcing permanent residency requirements to improve the problem of immediately recovering investment after acquiring permanent residency (undecided)
- Implementation period 3 years (until 2026)
Details of the investment immigration system for tour resort facilities
- The tour resort facility investment immigration system grants F2 resident visa qualifications to foreigners who have invested a certain amount of capital in tour resort facilities in areas designated by the Minister of Justice, and grants F5 permanent residency qualifications if maintained for 5 years.
- Incumbent executives, shareholders and their spouses and unmarried children of foreigners or corporations who have invested KRW 1 billion or more in real estate for tourism and resort facilities in areas designated by the Korean government acquire residency (F2) status.
- The F2 visa has no restrictions on free entry and exit, employment, education, and business.
- Foreigners who have invested more than KRW 100 million as a down payment and interim payment to guarantee free travel can obtain the F-1 visa.
- An F2 visa is issued even if the sum of investment in tour resort facilities and investment in IISPB exceeds KRW 1 billion.
- Change to permanent residency (F5 visa) status according to the standard if the investment is maintained for more than 5 years
- If the investment is recovered before obtaining permanent residency (real estate sale, cancellation of contract, transfer of membership), visa cancellation.
Tour resort investment area
Tour resor facilities investment areas are designated. Only buildings designated by the Minister of Justice in the designated area are applicable, and if it is not a designated real estate, you cannot receive a visa even if you purchase it.
- Gangwon-do Pyeongchang Alpensia Recreation Condominium Mium, general accommodation and living accommodation, tourist pension
- In Incheon Free Economic Zone, Songdo International City, Yeongjong District, Cheongna International City Recreation Tondo Mini, general accommodation and living accommodation facilities, housing constructed in connection with sports facilities, tourist pensions, and first-come-first-served basis can select tenants. house with
- Jeju Special Self-Governing Province Recreation Condominium, General Accommodation and Living Accommodation, Tourist Pension
- Recreational condominiums, general accommodations and living accommodations, tourism pensions in Yeosu, Jeollanam-do marine tourism complex
- Busan Haeundae Tourist Resort, Recreational Condominium of Dongbusan Tourist Complex, General Accommodation and Living Accommodation, Tourist Pension
- Recreational condominium in Paju, Gyeonggi-do, Tongildongsan District
- Recreational condominiums in Jeongdongjin district, Gangneung, Gangwon-do, general accommodations and living accommodations, tourist pensions
- Recreational condominiums in Hwayang district of Yeosu, Jeollanam-do, general accommodations and living accommodations, tourist pensions
Investment requirements
- Prove that more than the standard amount or a certain amount has been invested from foreign capital.
- Maintain the investment status without eroding the investment standard amount.
- There must be no disqualification reasons falling under any of the following
- A person who has received a fine or a criminal punishment
- In case of entry ban or there is a risk of harming the security and order maintenance of the Republic of Korea, public welfare, or other interests of the Republic of Korea
- Submitting false documents
- In case the investment facility is used for profit activities, such as sale, lease, or collateral setting, or the investment facility is seized;
Documents to be submitted when applying for an investment visa
- application
- passport, photo
- Alien registration card for foreign registrants
- real estate sales contract
- If you are a registered person, a certified copy of the real estate register
- For condominiums, membership certificate and deposit receipt
- Confirmation of vacancy of unsold housing (investor of unsold housing)
- View details of households moved into the house (investors of unsold houses)
- Documents proving foreign exchange import, such as foreign exchange purchase certificate
- Documents proving that the investment was remitted to the corporation (in case of indirect investment in the name of the corporation)
- Documents proving that you are an incumbent executive or an oligopoly shareholder of a corporation (for executives and shareholders of a corporation)
- Criminal record certificate Apostille or consular verification
- Family Relations Certificate
- Proof of unmarriage in the case of adult children
* Select and submit according to the situation
process
| investment pre-screening |
| real estate contract and acquisition |
| Confirm your investment |
| F2 visa application |
| Application for change of permanent residency (F5 visa) after 5 years |
Requirements for changing permanent residence status
- Must maintain 5 years or more after receiving tour resort facility investment immigration residence (F-2) status
- The investment status shall be maintained for 5 years without losing investment requirements such as rental, collateral setting, trading, and seizure of investment facilities;
- It must not fall under the separately stipulated reasons for disqualification, such as reasons for prohibition of entry, submission of false documents, etc.
Investment notes
Those eligible for Visiting Cohabitation (F-1) must maintain an investment of 100 million won or more and continue to invest. If an additional investment of 100 million won or more is not made for more than one year due to reasons attributable to the person, the residence permit is restricted.
