Non-resident foreigners are allowed to acquire Korean real estate on equal terms with Korean nationals. They can also remit overseas the funds attained from the sell-off of the acquired real estate without limitation. An early bird catches worms. If you are a prospective investor, you don't feel any hassles to file the information on what documents you need. Please have a glimpse of the information below: Funds for acquiring domestic real estate Under the Foreign Exchange Transaction Act, funds for acquiring domestic real estate are limited to: Foreign-currency-denominated funds remitted from overseas (including the ones carried in) Funds in foreign currency deposit accounts (external accounts) with Korea Exchange Bank Investment procedure Do you strike a deal to acquire real estate property in Korea? What you need is not only investment fund but also documents to be submitted. Real Estate Acquisition Contract [Important Documents before heading for Korea] IDs (copies of a passport and a citizenship) for verification of nationality Certificates of residency or an address issued by public institutions in your home country or authenticated by public notaries Declaration of Real Estate Acquisition & Remittance of Investment Funds Please visit and apply for the registration of land acquisition at a KEB branch and the departments of land records in a city hall, district and county offices in areas where your real estate is located. Issuance of real estate registration number Please submit documents required at public institutions to apply for 'Issuance of Real Estate Registration Number'. [Public Institutions & Documents Required] Personal : The Seoul Immigration Office in Mok-Dong (Permanent Residents : The Department of Registration in the Seoul District Court) Corporate : The Departments of Land Records in a city hall, district and county offices in areas where your real estate is located. Registration of Ownership Transfer [Public Institutions] Registry office where your real estate is located. Holding of Real Estate - Development- Use - Leasing - Sale Real Estate Sale & Overseas Remittance of Proceeds on the Sale Please report it to a KEB branch and remit proceeds on the sale to foreign countries