List of matters needing attention in real estate investment in Jeju Island, South Korea

Now Jeju Island in South Korea is not only a tourist area, but also a popular area for real estate investment. What should I pay attention to when investing in Jeju Island real estate? Let's take a look at the list of considerations for real estate investment in Jeju Island, South Korea. Welcome to reading.

1. What is real estate investment?

Inform the Minister of Justice that foreigners who invest in hotels, villas, resorts, villas, houses and other entertainment facilities in real estate investment immigration areas will obtain residence qualification (F-2) and permanent residency (F-5) at the same time.

Simple finishing:

① Specific area

② Specific types of real estate.

③ Above a certain amount.

Only by meeting the above three items can we realize immigration by buying real estate.

Second, the investment target area

Special investment commodities in Incheon Economic Free Zone (Yongzong Island, Song Dao and Luo Qing International New City). ※

In Incheon Economic Free Zone, in addition to apartment hotels, sightseeing villas, hotels and houses, people who invest more than 700 million won in unsold houses and golf courses can also enjoy preferential treatment for investment immigrants.

When the price of a single unsold house is less than 700 million won, you can also buy multiple unsold houses to reach the standard of 700 million won.

Third, invest in immigration.

Foreigners who invest more than the standard amount of real estate commodities in areas where immigrants invest in real estate will first obtain residence (F-2) qualification, and if their investment status remains for more than five years, they will obtain permanent residence (F-5) qualification.

Fourth, the investment process.

① house purchase negotiation

-Korea Jinsheng Law Firm (WeChat: kimyee8767) conducts various risk assessment and investment consultation related to the application for buying a house.

② Qualification examination

-South Korea Jinsheng Law Firm participated in the investment qualification examination of the Korea Exit-Entry Administration on behalf of the applicant.

③ Sign a house purchase contract and pay the house price.

-South Korea Jinsheng Law Firm evaluates the risk of house purchase and introduces the entry of investment funds.

④ Pay purchase tax and registration tax, and register real estate.

-Pay taxes to the tax authorities through Korea Jinsheng Law Firm and register real estate.

⑤ Change to residence (F-2) qualification.

-Bring a copy of the real estate registration book, proof of foreign exchange purchase and other materials to the entry-exit administration office to apply for residence qualification.

⑥ Change to permanent residence (F-5)

-If certain conditions are met, the right of permanent residence will be replaced.