South Korea
Immigrant Investor Scheme for Public Business
The Immigrant Investor Scheme for Public Business (IISPB) is South Korea's passive capital investment immigration program, allowing foreign nationals to obtain F-2-12 residence status by depositing a specified amount in a government-managed public fund operated by the Korea Development Bank (KDB). The deposited funds are used by KDB to provide low-interest loans to small and medium-sized enterprises and smart factories. Investors may also qualify for immediate permanent residence (F-5-25) with a higher investment. The program requires no educational, professional, or language qualifications.
- Minimum investment of KRW 1.5 billion (~USD 1.1 million) for F-2-12 residence, or KRW 3 billion (~USD 2.4 million) for F-5-25 immediate permanent residence
- Investment funds must be remitted from overseas — domestic funds do not qualify
- Clean criminal record
- No outstanding tax delinquencies (unless resolved)
- No more than four prior violations of the Immigration Act
- Must undergo preliminary investment screening in person at a Korea Immigration Service office in South Korea
- Application form
- Valid passport and photographs
- Investment deposit confirmation from Korea Development Bank
- Proof of overseas fund remittance (foreign exchange certificate)
- Family relationship certificate (for dependants)
- Criminal background check
- Proof of tax compliance
F-2-12 residence is granted for 2 to 3 years and is renewable as long as the investment is maintained. Early withdrawal of funds before the 5-year maturity period results in visa cancellation. After maintaining the investment for a minimum of 5 years, holders may apply for F-5 permanent residence. Investors who deposit KRW 3 billion receive F-5-25 permanent residence immediately. F-5 status remains valid even after the investment principal is returned.
The investor's spouse and unmarried children receive F-2 status alongside the principal investor, granting them unrestricted economic activities including employment, business, and study. When the investor transitions to F-5 permanent residence after 5 years, family members become eligible for F-5-19 status. No separate investment or income requirement applies to dependants.
South Korea taxes residents on worldwide income. Investors who spend 183 or more days per year in South Korea are considered tax residents under the Income Tax Act. Double taxation agreements with numerous countries may reduce the overall tax burden. National Health Insurance enrollment is mandatory for all F-2 and F-5 visa holders residing in South Korea for 6 months or more.
The investor must undergo preliminary investment screening in person at a Korea Immigration Service office, which requires at least one visit to South Korea. The screening confirms the investor's identity, source of funds, and eligibility. After approval, the investor opens an account with Korea Development Bank and deposits the required amount using funds remitted from overseas. Two investment options are available: a principal-guaranteed, interest-free option (principal returned after 5 years with no interest), or a risk-based option investing in designated regional development projects where the investor bears profit or loss risk. Once the deposit is confirmed, the investor applies for F-2-12 status at the local immigration office. Subsequent administrative procedures may be handled through a representative with a notarised power of attorney.
Upon receiving F-2 status, the investor must register as a foreign resident and obtain an Alien Registration Card (ARC) within 90 days of entry. F-2 holders must obtain a re-entry permit for extended departures. F-5 permanent residents may leave and re-enter freely but must return within 2 years to maintain their status.
Links
Other Digital Nomad Visas in Asia
Country↑ | Program↕ | Income↕ | Investment↕ | Funds Required↕ | Capital Required↕ | Duration↕ | Dependants↕ | |
|---|---|---|---|---|---|---|---|---|
🇦🇿 Azerbaijan | Highly Skilled Migrant Programme | — | — | — | — | |||
🇦🇿 Azerbaijan | Investor Temporary Residence Permit | — | — | — | ||||
🇧🇭 Bahrain | Golden Residency Visa for Property Owners | — | — | — | ||||
🇧🇭 Bahrain | Golden Residency Visa for Talented Individuals | — | — | — | — | |||
🇧🇭 Bahrain | Self-Sponsorship Residence Permit (Investor) | — | — | — | ||||
🇧🇭 Bahrain | Self-Sponsorship Residence Permit (Property Owner) | — | — | — | ||||
🇧🇭 Bahrain | Self-Sponsorship Residence Permit (Retired Foreigner) | — | — | — | ||||
🇧🇩 Bangladesh | Investor Visa | — | — | — | ||||
🇧🇹 Bhutan | Digital Nomad Residence Programme | — | — | — | ||||
🇧🇹 Bhutan | Investor Card | — | — | — | ||||
🇰🇭 Cambodia | Cambodia My 2nd Home (CM2H) | — | — | — | ||||
🇰🇭 Cambodia | Retirement Visa (ER Extension of Stay) | — | — | — | ||||
🇨🇳 China | Permanent Residence Permit (Investment Category) | — | — | — | ||||
🇨🇳 China | Private Affairs Residence Permit (Entrepreneurship) | — | — | — | ||||
🇬🇪 Georgia | Investment Residence Permit | — | — | — | ||||
🇬🇪 Georgia | IT Residence Permit | — | — | — | ||||
🇬🇪 Georgia | Remotely from Georgia | — | — | — | ||||
🇬🇪 Georgia | Short-Term Residence Permit (Property Ownership) | — | — | — | ||||
🇭🇰 Hong Kong | Entry for Investment as Entrepreneurs | — | — | — | ||||
🇭🇰 Hong Kong | New Capital Investment Entrant Scheme | — | — | — | ||||
🇭🇰 Hong Kong | Quality Migrant Admission Scheme | — | — | — | — | |||
🇭🇰 Hong Kong | Top Talent Pass Scheme | — | — | — | ||||
🇮🇳 India | Permanent Residency Status for Foreign Investors | — | — | — | ||||
🇮🇩 Indonesia | Golden Visa (Global Talent) | — | — | — | ||||
🇮🇩 Indonesia | Golden Visa (Investor) | — | — | — | ||||
🇮🇩 Indonesia | Remote Worker KITAS | — | — | — | ||||
🇮🇩 Indonesia | Retirement KITAS | — | — | — | ||||
🇮🇩 Indonesia | Silver Hair Visa | — | — | — | ||||
🇮🇷 Iran | Investor Residence Permit | — | — | — | ||||
🇮🇷 Iran | Special Residence Permit for Non-Iranian Elites | — | — | — | — | |||
🇮🇶 Iraq | Investment Residency | — | — | — | ||||
🇮🇱 Israel | B/5 Investor Visa | — | — | — | ||||
🇮🇱 Israel | Innovation Visa for Foreign Entrepreneurs | — | — | — | ||||
🇯🇵 Japan | Business Manager Visa | — | — | — | ||||
🇯🇵 Japan | Designated Activities (Long Stay for Sightseeing and Recreation) | — | — | — | ||||
🇯🇵 Japan | Digital Nomad Visa | — | — | — | ||||
🇯🇵 Japan | Future Creation Individual Visa (J-Find) | — | — | — | — | |||
🇯🇵 Japan | Startup Visa | — | — | — | ||||
🇯🇴 Jordan | Annual Residence Permit Based on Bank Deposit | — | — | — | ||||
🇯🇴 Jordan | Citizenship by Investment | — | — | — | ||||
🇯🇴 Jordan | Residency by Investment | — | — | — | ||||
🇰🇿 Kazakhstan | A6 Investor Visa (Golden Visa) | — | — | — | ||||
🇰🇿 Kazakhstan | C5 Business Immigrant Visa | — | — | — | ||||
🇰🇿 Kazakhstan | Digital Nomad Residency | — | — | — | ||||
🇰🇿 Kazakhstan | Neo Nomad Visa | — | — | — | ||||
🇰🇿 Kazakhstan | Permanent Residence Visa for In-Demand Professions | — | — | — | — | |||
🇰🇼 Kuwait | Investor Residency Permit | — | — | — | ||||
🇰🇬 Kyrgyzstan | Digital Nomad Status | — | — | — | ||||
🇰🇬 Kyrgyzstan | Investment Visa | — | — | — | ||||
🇱🇦 Laos | Investor Visa (NI-B2) | — | — | — | ||||
🇱🇧 Lebanon | Annual Residence Permit (Cash Bond Deposit) | — | — | — | ||||
🇱🇧 Lebanon | Permanent Residence Permit (Financial Independence) | — | — | — | ||||
🇲🇴 Macau | Major Investment Temporary Residency | — | — | — | ||||
🇲🇴 Macau | Talent Recruitment Residence Permit | — | — | — | — | |||
🇲🇾 Malaysia | DE Rantau Nomad Pass | — | — | — | ||||
🇲🇾 Malaysia | Malaysia My Second Home (MM2H) | — | — | — | ||||
🇲🇾 Malaysia | Malaysia Tech Entrepreneur Programme (MTEP) | — | — | — | ||||
🇲🇾 Malaysia | Premium Visa Programme (PVIP) | — | — | — | ||||
🇲🇾 Malaysia | Residence Pass-Talent (RP-T) | — | — | — | ||||
🇲🇻 Maldives | Corporate Resident Visa | — | — | — | ||||
🇲🇳 Mongolia | Investor Visa | — | — | — | ||||
🇳🇵 Nepal | Residential Visa for Investors | — | — | — | ||||
🇳🇵 Nepal | Residential Visa for Persons of Exceptional Merit | — | — | — | — | |||
🇳🇵 Nepal | Residential Visa for Retirees | — | — | — | ||||
🇴🇲 Oman | Golden Residency Program | — | — | — | ||||
🇴🇲 Oman | Retiree Residence Card | — | — | — | ||||
🇵🇰 Pakistan | Business-Investor Visa | — | — | — | ||||
🇵🇰 Pakistan | Long-Term Residency (LTR) | — | — | — | ||||
🇵🇭 Philippines | Digital Nomad Visa | — | — | — | ||||
🇵🇭 Philippines | Special Investor's Resident Visa (SIRV) | — | — | — | ||||
🇵🇭 Philippines | Special Resident Retiree's Visa (SRRV) | — | — | — | ||||
🇶🇦 Qatar | Mustaqel Visa (Entrepreneur) | — | — | — | ||||
🇶🇦 Qatar | Mustaqel Visa (Talent) | — | — | — | — | |||
🇶🇦 Qatar | Real Estate Investment Residency | — | — | — | ||||
🇸🇦 Saudi Arabia | Entrepreneur Residency | — | — | — | ||||
🇸🇦 Saudi Arabia | Gifted Premium Residency | — | — | — | — | |||
🇸🇦 Saudi Arabia | Investor Residency | — | — | — | ||||
🇸🇦 Saudi Arabia | Real Estate Owner Residency | — | — | — | ||||
🇸🇬 Singapore | EntrePass (Entrepreneur Pass) | — | — | — | ||||
🇸🇬 Singapore | Global Investor Programme (GIP) | — | — | — | ||||
🇸🇬 Singapore | Overseas Networks & Expertise Pass (ONE Pass) | — | — | — | ||||
🇸🇬 Singapore | Tech.Pass | — | — | — | ||||
🇰🇷 South Korea | D-10 Job Seeker Visa | — | — | — | ||||
🇰🇷 South Korea | Immigrant Investor Scheme for Public Business | — | — | — | ||||
🇰🇷 South Korea | Permanent Residence for Overseas Pension Beneficiaries | — | — | — | ||||
🇰🇷 South Korea | Technology Startup Visa | — | — | — | ||||
🇰🇷 South Korea | Tourism and Leisure Facility Investment Immigration | — | — | — | ||||
🇰🇷 South Korea | Workation (Digital Nomad) Visa | — | — | — | ||||
🇱🇰 Sri Lanka | Colombo Port City Investor Visa | — | — | — | ||||
🇱🇰 Sri Lanka | Condominium Investment Visa | — | — | — | ||||
🇱🇰 Sri Lanka | Digital Nomad Visa | — | — | — | ||||
🇱🇰 Sri Lanka | Golden Paradise Residence Visa | — | — | — | ||||
🇱🇰 Sri Lanka | Individual Investor Residence Visa | — | — | — | ||||
🇸🇾 Syria | Investment Residency Permit | — | — | — | ||||
🇹🇼 Taiwan | Digital Nomad Visitor Visa | — | — | — | ||||
🇹🇼 Taiwan | Employment Gold Card | — | — | — | — | |||
🇹🇼 Taiwan | Entrepreneur Visa | — | — | — | ||||
🇹🇼 Taiwan | Investor Resident Visa | — | — | — | ||||
🇹🇼 Taiwan | Plum Blossom Card (Investment APRC) | — | — | — | ||||
🇹🇯 Tajikistan | Investor Visa (Category C) | — | — | — | ||||
🇹🇭 Thailand | Destination Thailand Visa (DTV) | — | — | — | ||||
🇹🇭 Thailand | Long-Term Resident Visa (Work-from-Thailand Professionals) | — | — | — | ||||
🇹🇭 Thailand | LTR Visa (Wealthy Global Citizens) | — | — | — | ||||
🇹🇭 Thailand | LTR Visa (Wealthy Pensioners) | — | — | — | ||||
🇹🇭 Thailand | Non-Immigrant Visa (Investment) | — | — | — | ||||
🇹🇭 Thailand | Non-Immigrant Visa O-A (Long Stay) | — | — | — | ||||
🇹🇭 Thailand | Non-Immigrant Visa O-X (Long Stay 10 Years) | — | — | — | ||||
🇹🇭 Thailand | SMART Visa S (Startup) | — | — | — | ||||
🇹🇱 Timor-Leste | Business Visa Class II | — | — | — | ||||
🇹🇱 Timor-Leste | Investor Residence Authorization | — | — | — | ||||
🇹🇷 Turkey | Citizenship by Investment | — | — | — | ||||
🇹🇷 Turkey | Digital Nomad Visa | — | — | — | ||||
🇹🇷 Turkey | Short-Term Residence Permit (Tourism Purpose) | — | — | — | ||||
🇹🇷 Turkey | Turkiye TechVisa (Startup) | — | — | — | — | |||
🇹🇷 Turkey | Turquoise Card | — | — | — | — | |||
🇹🇲 Turkmenistan | Investor Residence Permit | — | — | — | ||||
🇦🇪 United Arab Emirates | Golden Visa (Entrepreneur) | — | — | — | ||||
🇦🇪 United Arab Emirates | Golden Visa (Investor) | — | — | — | ||||
🇦🇪 United Arab Emirates | Golden Visa (Talented Individuals) | — | — | — | — | |||
🇦🇪 United Arab Emirates | Green Visa (Freelancer / Self-Employed) | — | — | — | ||||
🇦🇪 United Arab Emirates | Green Visa (Investor/Partner) | — | — | — | ||||
🇦🇪 United Arab Emirates | Job Exploration Visa | — | — | — | ||||
🇦🇪 United Arab Emirates | Retirement Visa | — | — | — | ||||
🇦🇪 United Arab Emirates | Virtual Work Residence Permit | — | — | — | ||||
🇺🇿 Uzbekistan | Golden Visa | — | — | — | ||||
🇺🇿 Uzbekistan | Investment Visa | — | — | — | ||||
🇺🇿 Uzbekistan | IT Visa | — | — | — | ||||
🇻🇳 Vietnam | Investor Visa (DT1-DT4) | — | — | — | ||||
🇻🇳 Vietnam | Special Visa Exemption Card | — | — | — | — |