3 ms·

Wow! That throws much of the western world out of the water. I'm wondering if there is any requirement for continued residency. For example, in US if you don't

Wow! That throws much of the western world out of the water. I'm wondering if there is any requirement for continued residency. For example, in US if you don't live 6 months out of a year in US then you risk your green card getting cancelled.

weiming 8y ago
Can be away for up to a year at a time, or up to five years if you apply for a re-entry permit. Unlike the US, there is no requirement to maintain continuous residency. However, just like US, having permanent residency subjects you to worldwide taxation which may not be ideal for everyone.
- xevb3k 8y ago
  And it appears that permanent residency for tax purposes and the VISA, are unrelated. So if you’re in Japan for more than 5 years you maybe taxed on your world wide income? https://www.japantimes.co.jp/community/2016/10/30/how-tos/long-term-foreign-japan-residents-must-declare-overseas-assets-taxed/ https://www.japantimes.co.jp/community/2016/10/30/how-tos/lo... If anyone has more information, I’d be interesting it reading it as it’s pretty unclear to me.
  - weiming 8y ago
    > So if you’re in Japan for more than 5 years you maybe taxed on your world wide income? Correct [1], even if you're on a regular work visa. "Permanent resident for tax purposes" != "Permanent resident as in visa" Interestingly, as of 2017, you're taxed on worldwide investment income like selling stock (with some exceptions [2]) even if you're there for < 5 years. [1] http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Japan-Individual-Residence http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Japa... [2] https://www.pwc.com/jp/en/taxnews-international-assignment/assets/gms-20170511-en.pdf https://www.pwc.com/jp/en/taxnews-international-assignment/a...
toomanybeersies 8y ago
Most developed countries run a similar points system for immigration. The USA is unique in the fact that they don't. Trump has made noises that he wants to change the system to a points system.

weiming 8y ago

Can be away for up to a year at a time, or up to five years if you apply for a re-entry permit. Unlike the US, there is no requirement to maintain continuous residency. However, just like US, having permanent residency subjects you to worldwide taxation which may not be ideal for everyone.

xevb3k 8y ago
And it appears that permanent residency for tax purposes and the VISA, are unrelated. So if you’re in Japan for more than 5 years you maybe taxed on your world wide income? https://www.japantimes.co.jp/community/2016/10/30/how-tos/long-term-foreign-japan-residents-must-declare-overseas-assets-taxed/ https://www.japantimes.co.jp/community/2016/10/30/how-tos/lo... If anyone has more information, I’d be interesting it reading it as it’s pretty unclear to me.
- weiming 8y ago
  > So if you’re in Japan for more than 5 years you maybe taxed on your world wide income? Correct [1], even if you're on a regular work visa. "Permanent resident for tax purposes" != "Permanent resident as in visa" Interestingly, as of 2017, you're taxed on worldwide investment income like selling stock (with some exceptions [2]) even if you're there for < 5 years. [1] http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Japan-Individual-Residence http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Japa... [2] https://www.pwc.com/jp/en/taxnews-international-assignment/assets/gms-20170511-en.pdf https://www.pwc.com/jp/en/taxnews-international-assignment/a...

toomanybeersies 8y ago

Most developed countries run a similar points system for immigration. The USA is unique in the fact that they don't. Trump has made noises that he wants to change the system to a points system.