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Can you elaborate? My understanding: Before: Need $50k in bank, register business, sponsor yourself for a visa Result - lots of people just abusing the syste
by socalgal2 6mo ago
Can you elaborate?
My understanding:
Before: Need $50k in bank, register business, sponsor yourself for a visa
Result - lots of people just abusing the system for a visa
After: Need $300k, must hire at least one local, must show a profit of $200k within 2 years. Must be reviewed by the government multiple times a year to show your business is serious
I can see some issues. If you want to start a company that requires a year or more of R&D before you can ship you're S.O.L.
- bob001 6mo agoYeah, if the foreign entrepreneur argument is that they're helping the Japanese economy and not just barely sustaining another person in japan then the new requirements seem exactly in line with that?
- bamboozled 6mo agoI know several young people who have migrated to Japan and due to the low cost of starting a company ended up building great businesses with pretty serious revenue and employee ten to hundreds of staff. This wouldn’t have happened if they needed such a large amount of capital just to start. The problem I see with the new rules are it just stops entrepreneurs and rewards rich money launders. The visa applications should considered based on merit and not just about capital.
- bob001 6mo ago> The visa applications should considered based on merit and not just about capital. If it has merit then you should have no trouble getting some investors lined up...
- bamboozled 6mo agoSales pitch to Sillicon Valley Based Hedge Fund: "Pizza Shop in Japanese Ski Resort Town".
- thenthenthen 6mo agoThis is also a scam in China, but you just need 10k USD. Well thats not gonna work anymore. If you bring 300-500k tho…