The Entrepreneur Visa in Japan, officially known as the “Business Manager Visa” (ビザ経営管理), is designed for individuals who plan to engage in business activities and invest in Japan. To be eligible for business management residency, foreigners must currently obtain a location of business, hire at least two full-time employees, or spend 5 million yen ($33,000). The investment required is prohibitive for new businesses that could not even turn a profit. A two-year grace period would enable entrepreneurs to concentrate on expanding their companies.
Here is a general overview of the process:
1. Business Plan:
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- Prepare a detailed business plan outlining your proposed business activities, including the nature of the business, market analysis, financial projections, and the expected impact on the local economy.
2. Incorporation:
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- Register your business in Japan. This may involve choosing a legal structure, such as a Kabushiki Kaisha (KK) or a Godo Kaisha (GK), and completing the necessary paperwork.
3. Investment:
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- Make the required investment in your business. The specific amount is not fixed, but it should be sufficient to support the proposed business activities. The investment could include expenses such as office space, equipment, and operational costs.
4. Documents:
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- Prepare the necessary documents, including your business plan, proof of business registration, financial statements, and any other documents required by the Japanese Immigration Bureau.
5. Application:
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- Submit your visa application to the Japanese Embassy or Consulate in your home country. Ensure that all required documents are included, and be prepared for a detailed review of your business plan and financial viability.
6. Interview:
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- You may be required to attend an interview as part of the application process. During the interview, be prepared to discuss your business plan, investment, and other relevant details.
7. Approval and Visa Issuance:
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- If your application is approved, you will be issued an Entrepreneur Visa. Upon arrival in Japan, you will need to register your residence at the local municipal office.
It’s important to note that immigration policies and requirements can change, and it’s advisable to consult with immigration experts or legal professionals in Japan for the most up-to-date and accurate information tailored to your specific situation. Additionally, language proficiency in Japanese may be beneficial during the application process and for conducting business in Japan.