한국비자 KOREAVISA

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F-2 Public Business Investment Immigration Visa (IISPB)

F-2 Public Business Investment Immigration Visa (IISPB)

It is an investment immigration system that grants F-2 residence visa to foreigners and accompanying families if foreigners invest more than 1.5 billion won in Korea. You can change to an F-5 visa (permanent residency) if you maintain your investment for more than 5 years as an F-2 visa.

Types of IISPB Visa by amount of investment

1. F-2 Investment Immigration Visa – More than 1.5 billion won

(1) You need to deposit 1.5 billion won. (If you withdraw within 5 years, your F-2 visa will be canceled)
(2) F-2 visas will also be issued for spouses and unmarried children.
(3) Parents can be invited after receiving the visa.
(4) If you get an F-5 permanent residence visa after 5 years, you can withdraw 1.5 billion won.
(5) Even if you live abroad, you can maintain your F-2 qualification if you stay in Korea only one day of the year.
(6) If you get this visa, you’ll be given three years stay.

2. F-2 Retirement Investment Immigration – Abolition due to the revision of immigration law 

(1) If the investor himself/herself is 55 years old or older, he/she only needs to invest 300 million won.
(2) F-2 visas will also be issued for spouses and unmarried children.
(3) Parents can be invited after receiving the visa.
(4) If you get an F-5 permanent residence visa after 5 years, you can withdraw 300 million won.
(5) Even if you live abroad, you can maintain your F-2 qualification if you stay in Korea only one day of the year.
(6) If you get this visa, you’ll be given three years stay.
(7) When applying for a visa, you must prove that you have more than 300 million won in assets in Korea or abroad in addition to 300 million won in investment. (You and your spouse can be combined.)
(8) When you change to permanent residency in five years, you have to prove that you have more than 300 million won in assets in Korea.

3. F-5 Permanent Residency Investment Immigration – More than 3 billion won

(1) If you deposit 3 billion won in a public utility investment fund, you can get permanent residency.
(If you withdraw within 5 years, your F-5 visa will be canceled.)
(2) F-5 visas will also be issued for spouses and unmarried children.
(3) Parents can be invited after receiving the visa.
(4) You can withdraw 3 billion won in five years.
(5) Even if you live abroad, you can maintain your F-5 qualification if you stay in Korea only one day out of two years.
(6) You need to submit an overseas criminal background certificate to issue permanent residency.

Benefits of IISPB Visa

1.Exemption from Korean language test and proof of income are not required when applying for a visa.
2.You can enter and exit in Korea freely.
3.There are no restrictions on business, employment and academic activities.
4.Spouses and unmarried children are also granted companion visas.
5.If you stay in Korea for more than 6 months, you can get health insurance.

Process of IISPB Visa application

1.Prepare investment fund from abroad and enter into Korea
2.Pre-screening at the immigration office
3.Opening an investment account in Korea and remitting investments
4.Applying for a visa at the immigration office
5.Departure is possible after visa approval
6.Alien registration card, Investment certificate delivered by overseas mail
7.The process will take about 1 to 2 weeks after entering Korea