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Immigration Guide for Real Estate Investment in Jeju Island
The Jeju Island Real Estate Investment Program is a program that allows you to invest a certain amount of money in a government-designated tourist accommodation property and immediately receive an F2 residence visa, and after five years, you can apply for F5 permanent residency.
Reorganized Jeju Island Investment Immigration System (after 2023)
- Investment target: Accommodation recreation facilities in tourist destinations designated by the Ministry of Justice in Jeju Island
- Minimum investment: 500 million -> Change to 1 billion and above
- Visa Eligibility: Eligible to change to F5 after 5 years of initial F2 visa (includes self, spouse, and minor children)
- Investment period: 5 years
Why Jeju Island real estate investment immigration is more advantageous than other regions
| Compare | Jeju Island | Other Areas | Differences |
| Brand Awareness / Image | Awareness of Hawaii in Korea | Large regional variation (only Busan Haeundae has international recognition) | |
| Tourism Demand / Lodging Demand | 15 million tourist visits per year | Large regional variation, high room vacancy rates | Favorable for monetized investment |
| Maintaining Real Estate Value | Foreigners and locals alike -> Good exchange rate | Certain properties are difficult to sell | Favorable for sale |
| Immigrant Investor Program Continuity | Scheme has been in place since 2010, making it highly stable | Some regional disruptions | Policy stability is high |
| Get a green card and bring your family | Low administrative risk due to high volume of cases | May be slower to process | |
| Leveraging primary residences and vacation homes | High value of living in climate, environment, education, medical care, etc. | Harsh winters in mountainous areas such as Pyeongchang / Restricted transportation to remote areas such as Yeosu | Can be used as a second house |
Pros and cons of residency
| Pros | Cons | |
| Living Environment | Clean air, beautiful beaches and nature | Typhoons, rain, and transportation restrictions |
| Education | International schools, kindergartens, and academies on the rise | Limited options compared to the Seoul metropolitan area |
| Healthcare | General Hospital, University Hospital Infrastructure Provided and Accessible | Limited specialty care |
| Bringing Families | Can work, enroll in school | |
| Things to do | Living amenities near the city center and tourist attractions | Lack of large cultural facilities, high cost of living |
Summary
Jeju Island is almost the only place in Korea that combines both livability and profitability in its investment immigration options.
Investor Immigrant Permanent Residence Benefits
- 체류기간 무제한 (10년에 1회 갱신)
- 본인, 배우자, 미성년 자녀 동반 신청 가능
- 자유로운 입국과 출국
- 공립학교에 자녀 유학 가능
- 취업 및 사업의 자유 (제한 직종은 제외)
- 건강보험, 국민연금, 실업급여, 기초연금 등 혜택
- 지정부동산 이외의 부동산도 구매 가능
- 자유로운 은행 이용 및 대출도 가능
Preview condos for investment in Jeju Island
Special Benefits of Immigrating to Korea
콘도 계약시 부대시설 이용권 제공
투자지역 및 콘도 종류에 따라 제공되는 이용권은 변경될 수 있습니다.
- 테마파크, 워터파크 무료 이용권
- 수영장, 사우나, 찜질방, 피트니스 무료 이용권
- 메리어트 호텔 레스토랑, 스카이풀 무료 이용 바우처 각12매, 5년간 제공
- 랜딩 슈페리어 매년 12박씩 5년간 무료 제공
- 직영 식음 매장 회원 25% 할인 적용
현장 답사 여행 프로그램 운영
현지 부동산을 둘러보고 여행도 할 수 있는 프로그램을 운영하고 있습니다.
- 4박5일 코스 : 인천 - 강원 - 제주 - 서울 - 인천
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- 3박4일코스 : 인천 - 강원
Jeju Island Real Estate Investment Immigration Inquiry