Remittance limit information for student studying/overseas stayers
| Category |
Limit |
Key information |
| Student studying abroad |
No limit for the amounts |
- If the sum of the annual remittance amount and accumulated exchange amount (more than USD 10,000) exceeds USD 100,000, it will be notified to the National Tax Service.
- Required documents :
- Passport
- Application form for designating the foreign exchange transaction bank
- Payment request form
- Document that can prove studying abroad, such as an admission letter.
|
| Foreign country stayer |
No limit for the amounts |
- If the sum of the annual remittance amount and accumulated exchange amount (more than USD 10,000) exceeds USD 100,000, it will be notified to the National Tax Service.
- Required documents :
- Passport
- Application form for designating the foreign exchange transaction bank
- Payment request form
- Document that identifies the sojourner, which was issued by the head of the organization indicated in the payment request form or overseas educational institute
|
- A "student studying abroad" is the person who stays in a foreign country more than 6 months for the study or research at the foreign educational institute or training institute.
- A "foreign country stayer" is a person who stays in a foreign country more than 30 days for the purpose of commerce, culture, public business, or technical training, or less than 6 months for the study in foreign country.
- For remittances to students studying abroad, you must carry a school attendance certificate, etc. yearly issued by the relevant school head and submit it to the relevant bank.
