• Citizenship and a second passport for life for the applicant and dependent family members • Travel visa-free to more than 115 countries
• Visa Free access to Schengen Area countries granted in May 2015
• Enjoy tax free status
• No requirement to reside in Dominica
• No management or educational requirements
• No country restrictions (Open to all applicants)
• Applicants can make a non-refundable donation to the government fund or invest
in a government approved real-estate project
• Be over 18 years old
• Have no criminal record
• Provide all the documents are required in English
• Provide a letter of application for economic citizenship addressed to the Minister
responsible for Citizenship
• Have basic knowledge of the English language
• Make a deposit in a bank account at the National Commercial Bank of Dominica
• Must use a government authorised agent
1. The Government Fund option (non-refundable) Minimum to be invested:
• USD 100,000 for a single applicant
• USD 175,000 for applicant accompanied by a spouse
• USD 175,000 for applicant accompanied by up to two children under 18 years old
• USD 200,000 for applicant accompanied by a spouse and two children under 18
• Add USD 50,000 for each additional dependent of the main applicant other than
a spouse 2. The Real Estate option (saleable after 3 years) Purchase authorised
real estate with a minimum value of USD 200,000, which must be held for at least
three years. In addition to the cost of the real-estate the following additional
government fees apply:
• Main applicant: USD 50,000
• Spouse: USD 25,000
• Dependent under 18: USD 20,000
• Dependant aged 18-25: USD 50,000
Process (3-4 months)
• Prepare all the documents required and submit them via an authorised agent, and
pay due diligence fees
• After approval, every applicant must sign an oath of allegiance in front of a Notary
Public, Justice of Peace or Commissioner of Oaths
• Obtain the passport after the citizenship confirmation
S.Korea Residence by investment
Startup 100.000 USD - Property Songdo 500,000 USD
Despite labour shortages and rapidly shrinking working-age populations, Japan, South Korea, and Taiwan shared restrictive immigration policies and exclusionary practices toward immigrants until the early 2000s. While Taiwan maintained this trajectory, Japan took incremental steps to expand immigrant services at the grassroots level, and South Korea enacted sweeping immigration reforms. How did convergent policies generate these divergent patterns of immigrant incorporation?
South Korea offers investor visas to foreigners investing in the country through bank deposit, real estate or risk based investment.
Immediately granted to foreign investors who invested US$ 5 million in Korea
Granted to foreign investors after 3 years living with D8 visa with minimum US$ 500,000 investment
The Immigrant Investor Scheme for Public Business (IISPB) grants Resident (F-2) status, which allows free economic activities, to foreigners making certain amount of investment in compliance with the standard set by the Minister of Justice, and allows changing the status to Permanent Resident (F-5) if the foreign investor maintains the investment for at least 5 years.
Resident (F-2) status, which allows free economic activities, is granted to a foreign investor, the spouse and the unmarried children, and changing the status to Permanent Resident (F-5) is allowed if the foreign investor maintains the investment for at least 5 years.
SOUTH KOREA IMMIGRANT INVESTOR
The South Korea residence by investment program was first introduced in 2010 with the real estate investment option. In 2012, South Korea introduced the Public Business program to complement its offering with business and bond investment options. The programs provide a 2-year resident permit that is renewable. After 5 years of living in the country, applicants become eligible for South Korea permanent residence and citizenship. The South Korean passport is a world-class travel document providing visa-free travel to the U.S., Europe, and China. South Korean non-permanent residents are not liable to taxation on their foreign income.
Investment amount 500m KRW, or 300m KRW if 55 years old or older, to be held for 5 years in a development project in a less-developed region
Notification of the Ministry of Justice in the region in South Korea where the investment will be made. (This step only applies to the Risk-Based Investment option.)
Upon approval, gather documents and submit the application to the Immigration Office, along with application fees.
The Immigration Office will review your application and invite you to finalize your investment. Upon completion, you must submit proof of the investment to receive your residence permit.
Applicants are provided with a 2-year resident permit
Non-permanent residents can be exempt from income tax on foreign assets
Eligible for a reduction or exemption on corporate tax, income tax, acquisition tax, and property tax
Applicant can qualify for citizenship after 5 years
Foreign Investors are not required to forfeit their previous citizenship at naturalisation
No physical presence requirements
Applicants can bring their unmarried children
Provide a non-criminal record report and be of good character
Provide a tuberculosis test certificate
Possess a net worth above 300m KRW
500 million KRW (US$450,000) or more
300 million KRW (US$ 265,000) or more for a retiree investor over 55 years of age
Besides the investment, a retiree investor and the spouse should have assets of 300 million KRW or more at home and abroad.
Principal Guaranteed and Interest-F ree InvestmentForeign investors deposit the minimum required money in the public fund which the Korea Development Bank, commissioned by the Ministry of Justice, operates and the investment principal (only) is returned after 5 years.The Korea Development Bank lends the deposit to Small and Medium sized Enterprises at low interest rates.
Risk-based InvestmentForeign investors make investment of the minimum required money in the development projects carried forward in less developed regions* designated and notified by the Minister of Justice through consultations with the relevant ministry (Ministry of Land, Infrastructure and Transport), and make or lose profits from the investment.
Development promotion regions (Yeongju, Andong, Yecheon) in underdeveloped areas under 「Special Act on the Promotion of Development Investments in Underdeveloped Areas」, and Tourism-Leisure Style Enterprise Cities (Taean, Yeongam, Haenam) under「Special Act on the Development of Enterprise Cities
Immigrant Investor Scheme for Real Estate
The Immigrant Investor Scheme for Real Estate (IISRE), introduced for Jeju Island in February 2010, is a government program which gives F-2 Residential status to foreigners investing a certain amount money in real estate designated by the Minister of Justice, and the foreign investors will get F-5 Permanent Resident, if they hold onto the purchased real estate for at least five years.
Permanent residency: Investors can gain F-2 if they invest up to 700 million KRW in a real estate designated by the Ministry of Justice, and then acquire the right of permanent residence (F-5) after 5 years.
Guarantee of Mobility: Investors can freely visit to or reside in other regions beside ones under the IISRE after reporting a change in their place of temporary residence.
Education: Investors can get public education as Korean citizens do or register the International School in Juju’s Global Education City.
Medical insurance: Investors have health insurance coverage as Korean citizens do.
Real estate transactions: Investors can freely divest real estate holdings after getting permanent residency.
Employment: Investor’s spouse or family members can get a job or engage in any commercial activities.
What is ‘The Immigrant Investor Scheme
for Real Estate Program?
Real Estate Investment Immigration System
Where : Incheon Free Economic Zone Region (Songdo, Yeongjong, Cheongna)
Recreational facilities such as Recreational Condominiums, Hotels, Golf Residences, Villas and Apartments
* Please inquire its specific requirements.
How much : Over 0.5 Billion KRW
Until when : 30 Apr. 2023
Allow to freely enter, depart, live, work, run own business in Korea
Receive compulsory education as Koreans
Apply Medical Insurance System & Benefits
Procedure for Investment & Acquisition of Permanent Residence Right
01. Arrive in Korea
02. Request investment consultation/preliminary assessment
03. Enter into an investment contract/acquire investment product
04. Invest a minimum of KRW 100 million for a Visiting or Joining Family (F-1) Visa; Invest a minimum of KRW 500 million for a Long-term Resident (F-2) Visa
05. Change the Visiting or Joining Family (F-1) Visa; Extend the Long-term Resident (F-2) Visa
06. Apply for a Permanent Foreign Resident (F-5) Visa upon retaining the investment asset for five years)