Procedure
Procedure
- Notification Difficulty Low
You submit the statutory report form and required documents. Once the documents are in order the report is accepted; for some reports the authority checks the contents before accepting it.
- Permit Difficulty High
A procedure that allows a business, activity or stay that the law generally restricts, after review; licenses fall into this type. The authority reviews facility standards, location and consultation with other agencies, and a permit can be refused if the standards are not met.
- 01
Confirm foreigner status: check nationality, the law under which a corporation was established, and the ratio of foreign officers, capital and voting rights to decide whether the buyer is a foreigner under the Act, and identify whether the acquisition is by sale, gift, inheritance, auction, new construction or change of nationality.
- 02
Review permit zones: use the land use plan to check whether the land falls in an Article 9 permit area such as a military installation protection zone, cultural or natural heritage protection zone, or ecological and landscape conservation area, and whether it meets the period, housing type and area criteria in the foreigner land transaction permit zone notice.
- 03
Apply for a permit before the contract: for Article 9 land, submit the foreigner land acquisition permit application with the agreement between the contracting parties to the reporting authority; the processing period is 15 days (30 days for national defense zones, extendable by up to 30 days). In a land transaction permit zone, attach a land use plan and a land acquisition funding plan to the land transaction contract permit application; once this permit is granted, a separate Article 9 permit is not needed.
- 04
Calculate reporting deadlines: set dates so that a sale is reported within 30 days of the contract (a licensed real estate agent reports brokered deals), other contracts such as gifts within 60 days, inheritance, auction or new construction within 6 months of acquisition, and continued holding within 6 months of the nationality change.
- 05
File the acquisition or continued holding report: submit the foreigner real estate acquisition and continued holding report with documents proving the cause of acquisition (gift contract, proof of heirship, auction award decision, etc.), a power of attorney and a copy of the principal's ID to the reporting authority, then deliver the report confirmation to the applicant.
- 06
Organize foreign exchange documents and next steps: if a non-resident acquires with funds remitted or brought from abroad, prepare the real estate acquisition report and transaction evidence for the foreign exchange bank, and organize the report confirmation and permit for the applicant's own later procedures such as ownership transfer registration.
Filing route
Filing route
Confirm the current filing office, jurisdiction, and online availability on the official website.
Official checkDeadlines & processing notes
Deadlines & processing notes
Basic documents
Basic documents
외국인 부동산등 취득 신고서, 외국인 부동산등 계속보유 신고서(별지 제6호서식)
외국인 토지취득 허가신청서(별지 제7호의2서식)
토지거래계약 허가 신청서(별지 제9호서식)
The foreigner land acquisition permit and the land transaction contract permit must be obtained before the contract; a contract made without them has no effect and has to be redone. Foreigner land transaction permit zones can change in period and area by public notice, so check again right before signing.
Scope of services
Scope of services
Hwang Yunsang Administrative Agent Office prepares and translates documents for administrative agencies, submits them on your behalf, and guides you through permit, application, and notification procedures. Services that require the principal’s personal appearance, principal’s application, or electronic signature may be limited in delegation.