South Korea

For high-net-worth individuals contemplating second citizenship opportunities, South Korea presents a mixed landscape. The country boasts a robust and technologically advanced economy, offering diverse investment avenues, particularly in sectors like technology and innovation. South Korea’s vibrant culture, high-quality education, and healthcare systems contribute to its appeal for residency. while South Korea offers enticing investment prospects and a high standard of living, navigating the residency process requires careful consideration of both opportunities and potential obstacles.

SOUTH KOREA CITIZENSHIP INVESTMENT

South Korea does not currently implement a formal citizenship by investment (CBI) programme, preventing high-net-worth individuals from acquiring a second citizenship through qualifying investments, typically entailing benefits such as visa-free travel and financial flexibility. For those looking for a direct citizenship solution, alternative options to South Korea are worth considering, such as the St Kitts & Nevis Citizenship by Investment Programme which has been a popular choice for second citizenship, since 1984.

SOUTH KOREA RESIDENCY INVESTMEnT

South Korea presents an enticing opportunity through its immigrant investor scheme, emphasizing investments in public business and real estate. The programme requires a minimum investment of $220,000 USD, offering individuals a pathway towards South Korean permanent residence after five years of continuous living in the country. This initiative not only encourages financial contributions to public sectors and real estate development but also provides investors with the prospect of long-term integration into South Korean society through permanent residency and the potential for full citizenship.

SOUTH KOREA PASSPORT STRENGTH AND RANKING

If South Korea ever decided to launch a CBI programme, it would present a compelling opportunity for foreign investors. Ranked 4th on La Vida’s Global Passport Ranking, South Korea provides its citizens with visa-free access to 198 countries, encompassing 87.2% of all nations and facilitating 94.1% of global travel.