Public Business Investor Scheme (IISPB) for South Korea. State bank deposit or approved investment; reduced for retirees 55+
High-net-worth individuals seeking residence through capital investment
Applicants without the required minimum investment capital
State bank deposit or approved investment; reduced for retirees 55+
At a Glance
Eligibility Requirements
| Requirement | Details |
|---|---|
| Age Range | 55+ |
| Profession Required | No |
| Job Offer Required | No |
| Sponsorship Required | No |
| License / Recognition Required | No |
| Remote Income Allowed | No |
| Business Activity Required | No |
| Health Insurance Required | Yes |
| Proof of Funds Required | Yes |
| Can Apply From Abroad | Yes |
Financial Requirements
| Item | Amount |
|---|---|
| Minimum Savings | €74,074 |
| Application Fee | €3 |
Family & Rights
| Right | Details |
|---|---|
| Family Allowed | Yes |
| Spouse Can Work | Yes |
| Children Allowed | Yes |
| Work Rights | limited |
| Remote Work Rights | No |
| Renewable | Yes |
Related Pathways
Cost of Living
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Frequently Asked Questions
What is the Public Business Investor Scheme (IISPB)?
Public Business Investor Scheme (IISPB) for South Korea. State bank deposit or approved investment; reduced for retirees 55+
Who is the Public Business Investor Scheme (IISPB) best for?
This pathway is best suited for: High-net-worth individuals seeking residence through capital investment.
Who should not apply for the Public Business Investor Scheme (IISPB)?
This pathway is not ideal for: Applicants without the required minimum investment capital.
What are the financial requirements for the Public Business Investor Scheme (IISPB)?
Applicants need minimum savings of €74,074. Additional costs may include the application fee and relocation expenses.
How long does it take to process the Public Business Investor Scheme (IISPB)?
Processing typically takes 120 to 210 days. Times may vary based on nationality, completeness of documentation, and current processing volumes.
Can I bring my family on the Public Business Investor Scheme (IISPB)?
Yes, this pathway allows family members including dependents. Your spouse may also be eligible to work.
What are the known issues with the Public Business Investor Scheme (IISPB)?
Known issues and warnings: State bank deposit or approved investment; reduced for retirees 55+. We recommend checking the official source for the latest updates.
Are there alternative pathways to South Korea?
Yes. South Korea offers 18 other immigration pathways. Compare all options on our South Korea country page.
What is the cost of living in South Korea?
Monthly costs for a single person in city center: Seoul: €1,764/month; Busan: €1,380/month; Incheon: €1,400/month. These include rent, groceries, transport, and utilities.
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Get Your Free VerdictOfficial source: https://www.immigration.go.kr/immigration_eng/1527/subview.do