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What are the precautions for Korean real estate immigrants?
South Korea's housing immigration policy has lowered the immigration threshold. According to Jeju Island's real estate investment immigration policy, at present, you only need to buy 500,000 US dollars of real estate in Jeju Island to obtain permanent property rights of houses and land. There is no need for a certain business background or financial proof, no immigration supervisor, and no residence time limit. You only need to land in Korea once a year. And only one person needs to apply, and the whole family can get green card status. After five years, you can apply for unconditional permanent residence, and the invested property can be sold without affecting permanent residence. These are all beyond the reach of immigrants from Europe and the United States, so Korean real estate is undoubtedly the simplest and fastest immigration channel. Although investing in Jeju Island real estate looks and sounds "beautiful", due to the differences of policies and regulations in various countries, there are often many legal and policy restrictions and problems that will occur in life when buying real estate and in a series of operations in the later stage of investment. Investors need to pay attention to this. However, there are some problems that investors need to pay attention to. Not all properties in Jeju Island can obtain permanent residency, but holiday apartments, resorts, family apartments, villas and so on. In the designated area, investors are not allowed to lease (more than 6 months) or set long-term guarantees within the investment benchmark amount. In addition, the real estate policy may change at any time, and investors who have not yet started must always pay attention to the latest developments.
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