ONNURI REAL ESTATE
              HOME       INTRODUCTION       RESIDENCE       COMMERCIAL       REQUEST       CONTACT US       USEFUL       KOREAN



For sale

46 Yeoksam-dong, office building land size: 732 square meters total floor size: 3,541 square meters
45 Yeoksam-dong, villa, gross size: 247 square meters net size: 175 square meters price: KRW 1,500,000,000
44 Yeoksam-dong, townhouse, 4bedroom, 4bathroom, price KRW 2,400,000,000
43 Cheongdam-dong, apartment, 4bedroom, 2bathroom, price: KRW 1,250,000,000
42 Yeoksam-dong, apartment 3bedroom, 2bathroom, price KRW 400,000,000
41 Yeoksam-dong, apartment 3bedroom, 2bathroom, price KRW 480,000,000
40 Yeoksam-dong, apartment 3bedroom, 2bathroom, price KRW 850,000,000
39 Residential and commercial combo building Land size: 214square meters Total floor size: 659 square meters price: KRW3,000,000,000
38 Nonhyun-dong, apartment, 4bedroom, 2bathroom, price: KRW 770,000,000
37 Yeoksam-dong, apartment, 4bedroom, 2bathroom, price KRW 1,450,000,000

1 [2][3][4][5]

Copyright 1999-2010 Zeroboard / skin by onnuri


Procedure for foreigner's purchasing real estate



A. Foreign-invested company

Buying real estate

1. Foreign investment notification
Carry in or remit capital from foreign country
2. Make real estate transaction contract
3. Pay about 10% of total real estate price
4. Pay balance by several steps or at one time when you take documents needed to register real estate under the company's name.
5. Land acquisition report
6. Real estate registration

Selling real estate

1. Make transaction contract
2. Get about 10% of total real estate price
3. Get balance by several steps or at one time when you give documents needed to register real estate under the new owner's name.
4. Remit money to foreign country as reduction in capital or dividends for foreign invested company

B. Domestic branches of foreign company

Buying real estate

1. Make domestic branch of foreign company
2. Bring in funds as a form of operating funds of branch of foreign company
3. Make real estate transaction contract
4. Pay about 10% of total real estate price
5. Pay balance by several steps or at one time when you take documents needed to register real estate under the company's name.
6. Land acquisition report
7. Real estate registration

Selling real estate

1. Make transaction contract
2. Get about 10% of total real estate price
3. Get balance by several steps or at one time when you give documents needed to register real estate under the new owner's name.
4. Remit money to foreign country as operating profit for domestic branch

C. Resident foreigner(Person who has foreinger registration card in Korea)

Buying real estate

1. Bring in funds without separate reporting (only funds for residence or non-profit purpose)
2. Get foreigner registration certificate from Korea Immigration Service
3. Make real estate transaction contract
4. Pay about 10% of total real estate price
5. Pay balance by several steps or at one time when you take documents needed to register real estate under buyer's name.
6. Land acquisition report
7. Real estate registration

Selling real estate

1. Make transaction contract
2. Get about 10% of total real estate price
3. Get balance by several steps or at one time when you give documents needed to register real estate under the new owner's name.
4. Pay capital gain tax
5. Remit money to foreign country after reporting to foreign exchange bank
For the properties purchased by domestically created funds, report to the governor of Bank of Korea

D. Non-resident foreigner

Buying real estate

1. Make bank account at foreign exchange bank
2. Get registration number for real estate registration (from Korean immigration service)
  Buyer's address should be tested by a notary public
  3. Make real estate transaction contract
4. Withdraw money and exchange foreign currency to KRW after reporting to foreign exchange bank.
5. Pay about 10% of total real estate price
6. Pay balance by several steps or at one time when you take documents needed to register real estate under buyer's name.
7. Land acquisition report
8. Real estate registration

Selling real estate

1. Make transaction contract
2. Get about 10% of total real estate price
3. Get balance by several steps or at one time when you give documents needed to register real estate under the new owner's name.
4. Pay capital gain tax
5. Remit money to foreign country after reporting to foreign exchange bank

E. Denizenship holders

Buying real estate

1. Make real estate transaction contract
2. Get Foreigner registraion certificate
3. Pay about 10% of total real estate price
4. Pay balance by several steps or at one time when you take documents needed to register real estate under the company's name.
5. Real estate registration

Selling real estate

1. Make transaction contract
2. Get about 10% of total real estate price
3. Get balance by several steps or at one time when you give documents needed to register real estate under the new owner's name.
4. Pay capital gain tax


Certified realtor office registration number 9250-7163
690-3 #317 Yeoksam-dong Kangnam-gu Seoul Korea
T.82-2-558-0601 C.P. 82-19-509-9272 E-mail: webmaster@realtorseoul.com