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Do I have to pay any fee when it comes to applying for Public Investor Immigrant Scheme, especially for a preliminary review?
1
Edgar Santiago
December 8, 2021
business_tip No. 2486
Luna said,
It is free of charge because Public Investor Immigrant Scheme is introduced by the Ministry of Justice so the preliminary review is conducted by immigration officers.
Please note that when you change your status of sojourn and register as an alien, you have to pay a fee.
Do I have to visit a licensed administrative agent’s office to apply for Public Investor Immigrant Scheme?
1
Edgar Santiago
business_tip No. 2484
Luna said,
No, there is no such an agent designated by the Ministry of Justice.
Public Investor Immigrant Scheme is directly controlled and managed by the Ministry of Justice.
Sometimes there are money damages caused by the agent so you should visit
designated immigration organizations including Global Talent Visa Center.
There are English and Chinese speakers available at Global Talent Visa Center,
they can help you proceed with all services with regard to Public Investor Immigrant Scheme
including preliminary review, opening a bank account, preparation of F2 and F5 visa application,
F2 visa extension and so forth.
If you wish to know everything about Public Investor Immigrant Scheme,
please call Global Talent Visa Center.
032-740-7788,7600 (Domestic), +82-32-740-7788,7600 (overseas)
Investment Question
1
Edgar Santiago
business_tip No. 2482
Luna said,
Before March 11, 2019, only the investor himself/herself can acquire F-5 visa through "Conditional Investment for F-5," and the investor's spouse and unmarried children can acquire F-2.
However, starting from March 11, 2019, the investor's dependent family members (spouse and unmarried children including those who are over 19 but not married) also can acquire F-5 visa.
For more info about investment schemes, check out here: https://wonderfulkorea.kr/immigrant-investor-schemes-for-public-business
Immigrant investor schemes for public business
Edgar Santiago
business_tip No. 2477
What should I do to learn about Immigrant Investor Scheme for Public Business?
1
Edgar Santiago
business_tip No. 2466
Luna said,
Global Talent Visa Center, herein after referred to GTVC, is located both at Terminal 1 and Terminal 2 since 2018.
GTVC at Terminal 1 is located behind H counter near Immigration Service Center and GTVC at Terminal 2 is located next to the One-stop Public Service office.
There are Chinese and English speakers available to address your inquiries about investment process, alien registration and so forth.
Also, if you have any questions, call us at 032-740-7600 or 7788, or email at gtvc@korea.kr.
Current Post
What are the benefits of immigrant investment?
1
Edgar Santiago
business_tip No. 2460
Luna said,
If you acquire F-2 visa through Immigrant Investor Scheme for Public Business, you are eligible to work, study, run business, and purchase properties. You will be given a maximum period of 3 years at a time and can apply for visa extension if you maintain the investment fund. You are not required to reside in Korea but you have to re-enter the Republic of Korea at least once a year to maintain F-2 status.
Are all foreigners who live in Korea able to work?
1
Edgar Santiago
business_tip No. 2420
Luna said,
A foreigner who holds a visa status which allows them to work in Korea is able to work. However, the type of business is different depending on the visa status and the foreigner has to work in a designated workplace.
For some visa status, you are able to apply for the Participation in Activities Uncertified for Current Sojourn Status or Work Permit, and if you meet the necessary conditions and received permission, you are able to work.
What’s the difference between the corporate investment scheme and the immigrant investor scheme?
2
Edgar Santiago
business_tip No. 2382
Luna said,
For immigrant investment, on the other hand, you will be granted an F-2 Visa by investing 500 million won or more (700 million won for investments in real estate in some areas) in Korea. You are free to engage in business, education, etc., and even without business results, you can extend your visa as long as the investment status is maintained and unless you violate any of the terms and conditions associated with F-2 status.
For the Public Fund investment type of the Immigrant Investor Scheme for Public Business
1
Edgar Santiago
business_tip No. 2380
Luna said,
For the Immigrant Investor Scheme for Real Estate, your application will be accepted only if you invest in certain regions such as Alpensia Resorts in Pyeongchang and Incheon Free Economic Zone. Nonetheless, for the Immigrant Investor Scheme for Public Business, your application will be accepted regardless of the regions/areas as long as you invest your money into a public fund designated by the Minister of Justice.
Can I rent out the condominium I invested in as an immigrant investor of real estate for the period that I won’t be using it?
1
Edgar Santiago
business_tip No. 2378
Luna said,
Any facilities owned by immigrant investors of real estate can’t be rented, setup for a mortgage, seized, or traded. Any violation will lead to the cancellation of the status of investment immigration.
Clearance procedure when purchasing medicine (health functional food)
Edgar Santiago
business_tip No. 2272
Prior confirmation of the methods of marking country of origin
Edgar Santiago
business_tip No. 2264
What process should I undergo to use the system of direct clearance at piers?
1
Edgar Santiago
business_tip No. 2260
Luna said,
Any person (import consignors, certified customs broker, bonded transportation company, and etc.) who intends to directly release imported goods at the docks shall request an on-dock loading (assign) to the shipping company in advance, and file a request form for it (Annex no.1 form) before the relevant goods enter the port or before the declaration of unloading is approved by the chief of goods (hereinafter referred to as “chief of goods”) who is responsible for declaration of unloading affairs.
Import Declaration of Livestock Products
Edgar Santiago
business_tip No. 2257
The scope of tax exemption of liquor, cigarette, and perfume
Edgar Santiago
business_tip No. 2255
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No. 108 ∙ 2021-12-07