Immigration to South Korea is a relatively low cost way, so do you know the specific amount of money?
Which projects will you spend more money on?
Follow here Xiaobian to see the South Korean immigration cost list immigration to South Korea need how much money?
Immigration costs, South Korea purchase investment immigration South Korea purchase immigration is one of the earliest forms of investment immigration in South Korea, which is characterized by simple materials: no need to provide a source of funds to explain, a single person only passport and other personal documents can;
Fast processing: After the successful purchase of the house, the property certificate can be completed within one month, and the visa review only takes 3-5 working days to obtain the F2 visa.
So what are the specific costs other than the fact that everyone knows the investment is $500,000?
First of all, the most important thing to buy a house is the cost of buying real estate. After buying a house, the property as a real estate, as well as the permanent property rights of the two aspects of the real estate, need to pay some taxes. At present, the deed tax in South Korea is about 4.6%, as well as legal fees, property fees and other expenses.
In the case of the Korean immigrant real estate of 3.7 million yuan, after the delivery of ten thousand house money, the deed tax, legal fees, property fees and other related costs need an additional 200,000 yuan is enough, in addition to the annual corresponding property and real estate maintenance costs of about 5,000 yuan.
Two, South Korea fund investment immigration South Korea fund immigration is one after another form of investment immigration in South Korea, and the main difference is the investment type, from the purchase of real estate into investment funds, and fund immigration in the fund is not the fund products of financial companies, but the government set up public welfare funds, run by the government directly.
Compared to the purchase of immigrants, the fund immigration in the step of eliminating the real estate license this step, relatively more convenient, at the same time, the visa audit cycle is consistent, for people in South Korea without long-term residence demand and need to quickly get South Korea’s green card, is absolutely the only choice.
What about the cost?
In addition to the investment, what other expenses are incurred?
The most important feature of the fund is that there are no other expenses except the investment money, which means that only 500 million won (about 3 million yuan) is needed to be invested. Besides, there are no other expenses such as taxes and fees. There are no maintenance costs during the investment period, and no expenses are required for five years.
At the same time, after the expiration of the investment, the investment principal will be returned in full, which is also the best advantage of the Korean fund investment immigration, not only convenient, late has not maintained the cost of the generation, for the working capital of about 3 million people, the Korean fund investment immigration is the absolute quality of choice.
In contrast with the above two ways of investment immigration, the main purpose is not immigration, but to start a business, that is to say, want to open companies in South Korea, do business people need to pay attention to this way.
Unlike immigrant investors, venture capital requires investing in a company, obtaining a start-up visa and transferring to permanent residency in South Korea after five years.
Compared with other countries, the threshold of setting up a company in South Korea is relatively low. There is no requirement of education and management experience. Even if there is no company in South Korea, you can start a company in South Korea.
So in addition to the registered capital of the company, compared to starting a company there are a lot of overlooked costs, what are they?
In addition to the registered capital (starting from 100 million won, about 600,000 yuan) required to register a company at the beginning, what other expenses are incurred?
The first thing to consider is the tax, after the completion of the company registration need to pay landing tax and local tax (according to the different areas of the company, the tax rate is different), there are some registration fees.
Then there is the cost of renting the company and the house, which also depends on the location of the lease and the size of the space.
Finally, the relevant legal fees, compared with the fixed cost of investment immigration, registered companies will be different because of the investment such as capital and the region where the company is set up, the final cost will vary.
Understand the corresponding costs of three ways of immigration, according to their own funds to judge their own can choose what kind of Korean immigration way, of course, the most important or their own needs, is ready to live for a long time, or buy overseas property then you can choose to buy immigrants;
If you want to quickly that South Korean green card, there is no residency requirement that you can choose South Korea fund immigration;
If you just want to start a business in South Korea, then you can choose to start a business in South Korea.
Accommodation in South Korea Accommodation in big cities such as Seoul or Busan can be more expensive.
Generally, accommodation in South Korea is organized and paid for by the expatriate’s employer.
If foreigners choose to arrange their own accommodation, they will be required to pay a “key fee”, which is effectively a large deposit from which the landlord earns interest.
This will make accommodation more expensive.
Basic utilities, including gas, electricity and unlimited WiFi, tend to be affordable.
Health Care in South Korea is much cheaper than in the United States and other Western countries.
The National Health Insurance Scheme is compulsory for all expatriates.
Many companies will pay half of the monthly fee, leaving the other half for expats to pay themselves.
South Korea has become a destination for medical tourism due to the affordability of healthcare.
This is especially true for cosmetic surgery and LASIK eye surgery, which many expats take advantage of.
Electronics and Household goods Costs in South Korea Electrical goods such as TVS, DVD players, digital cameras, mobile phones (especially Samsung), computers and high-tech products are relatively cheap in South Korea.
On the other hand, foreign-made goods ranging from toiletries (deodorant, fluoride toothpaste) and English books to Nikon cameras and Apple products are more expensive than locally made goods.
Food items that are often taken for granted in the West, such as fresh produce and cheese, often cost more in South Korea than expats pay when they return home.
Most Korean stores also sell products in bulk, making one’s groceries quite expensive.
Overall, eating out is cheap when sticking to Korean food.
This often makes eating out better than buying groceries, especially for single expats.
Of course, the price of dining in a western restaurant is higher.
