South Korea
Tourism and Leisure Facility Investment Immigration
The Tourism and Leisure Facility Investment Immigration program (formerly the Real Estate Investment Immigration System) grants foreign nationals F-2-8 residence status upon purchasing designated tourism and leisure properties worth KRW 1 billion or more in specified geographic zones. The program was originally established in February 2010, initially covering Jeju Province, and was renamed in May 2023 to reflect its focus on tourism and leisure infrastructure rather than general real estate. It provides a path to F-5 permanent residence after maintaining the investment for five years. The program operates on a sunset basis, with the current implementation period running until 30 April 2026.
- Purchase of a designated tourism and leisure property worth KRW 1 billion (~USD 780,000) or more
- Property must be located in an approved investment zone
- Funds must be remitted from overseas — domestic funds do not qualify
- Property must be purchased in the investor's own name (not through a corporate entity)
- Clean criminal record
- Must not pose a national security risk
- Property cannot be sold, leased, encumbered, or used for commercial purposes other than personal accommodation during the investment period
- Application form
- Valid passport and photographs
- Property purchase contract
- Property registry (title deed)
- Proof of overseas fund remittance (foreign exchange certificate)
- Family relationship certificate (for dependants)
- Criminal background check
F-2-8 residence is granted for 2 to 3 years and is renewable as long as property ownership is maintained. Selling, leasing, or encumbering the property results in visa cancellation. After maintaining ownership for a minimum of 5 years, holders may apply for F-5 permanent residence. The property must remain in the investor's name for the full investment period. If property value drops below the minimum threshold, the visa may be affected.
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.
Property owners are subject to acquisition tax at the time of purchase, annual property tax, and comprehensive real estate tax if applicable. Investors who spend 183 or more days per year in South Korea are considered tax residents and are taxed on worldwide income under the Income Tax Act. 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 process follows these steps: (1) select a designated property in an approved investment zone; (2) apply for pre-approval from the local immigration office; (3) receive a foreign registration number upon pre-approval; (4) open a Korean bank account; (5) sign the property purchase contract and make full payment using overseas-remitted funds; (6) register the property in the investor's name; (7) apply for F-2-8 status at the local immigration office. The entire process requires the investor to visit South Korea in person.
Five regions are currently designated: Jeju Special Self-Governing Province (tourism districts), Incheon Free Economic Zone (Songdo, Yeongjong, Cheongna), Pyeongchang in Gangwon Province (Alpensia resort area), Yeosu in South Jeolla Province (Gyeongdo area), and Busan (Haeundae and eastern Busan). Only specific property types qualify: luxury condominiums, general and residential accommodations, housing connected to sports facilities, and tourist pensions. General residential apartments and commercial real estate do not qualify.
Upon receiving F-2 status, the investor must register for an Alien Registration Card (ARC). 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 | — | — | — | — |