Business Manager Visa Residencies Plan of Japan (Asia)

Immigrate to Japan and apply for Business Manager Visa,Residencies Plan of Japan (Asia),citizenship by investment,residency by investment,start-up/self-employed/education/work permit visa

Business Manager Visa

Owners, directors and managers of business entities in Japan may be eligible for a Business Manager (経営・管理 Keiei-Kanri) status of residence in Japan.

This class of visa is suitable for entrepreneurs who wish to set up a business in Japan. Once the company is incorporated they can sponsor themselves as a manager of the business to obtain a Business Manager Visa.

The Business must fulfill certain requirements:
- Company paid up capital must be at least JPY5,000,000.
- Company must have an office space in Japan.
- Business plan must be approved by the relevant authorities.
- Applicant must have enough salary/income to live independently in Japan.
- Hire at least one full time employee who is either a Japanese national, a Permanent Resident, a Spouse or Child of a Japanese National, a Spouse or Child of a Permanent Resident, or a foreign national with a Long-Term visa.

There are several factors considered by the Immigration Office in whether to approve the visa application or not, such as the business' stability and credibility, balance of predictable profit and loss, amount of employees, and types of business, among others.
This visa is usually granted for one year.

Prior to the visa's expiration date, the resident may apply for an extension, provided that requirements are still met. There is no limit on number of extensions permitted.

Once the visa is obtained, dependents (spouse, children and parents) may apply for a dependent general visa.

Usually, the visa holder may be eligible for permanent residency after 10 years of continuous legal residence in the country (3 if married with a Japanese national). He or she will have to provide a written explanation listing the reasons for their application, have strong ties to the country and a good financial position. Fluency in the Japanese language and professional awards or honors may positively influence getting the application approved. In any case, fulfilling these requirements do not guarantee the application approval.

A business manager visa holder may apply for a preferential immigration treatment changing their status of residence to Highly Skilled Foreign Professional.

This status of residence is granted to immigrants who have scored at least 70 points in their Immigration scorecard. Scores are mainly based on professional qualifications, education level and annual salary. This status of residence has a validity of 5 years, and entitles its holder to apply for permanent residence after 3 years. Those scoring over 80 points may apply after just a year.

After 5 years living in the country a resident may be eligible to apply for citizenship. Citizenship might be granted if he or she has stayed at least more than 290 days per year in the country, has strong ties to the country, can speak fluent Japanese and has fully integrated in the Japanese society. Fulfilling these requirements do not guarantee in any case the application approval.

Requirements


- Certificate of Eligibility, issued before a visa application by a regional immigration authority under the jurisdiction of the Ministry of Justice as evidence that the foreign national meets the conditions for landing in Japan.
- Evidence of the applicant’s activity and position in Japan and previous experience of the business manager. Curriculum Vitae with professional references, certification of Annual Salary, employment contract (if applicable), 3 years’ experience on business management (if hired as a manager)
- Evidence of business size and activity, website, certificate of incorporation, articles of incorporation, business plan, financial statement (if applicable), notification of salary payment office filed to Tax office (if applicable), withholding tax payment slip (if applicable).
- Evidence of office space in Japan, rent contract or certificate of real estate or photos of the nameplate, mailbox or any other evidence.
- All documents in foreign languages must be duly translated to Japanese.

Restricted Nationalities


No nationality is officially restricted

dual citizenship


Dual citizenship is not recognized in Japan. To become a citizen of Japan, you must renounce your previous nationality.


Documents Required


  • Curriculum Vitae
  • Documents certifying position and salary
  • Certified copy of Business License or Incorporation documents
  • Business Plan
  • Evidence of office space
  • Financial Statement
  • Original and photocopy of passport
  • Two passport-size photos
  • dual citizenship No
  • Family members included Yes
  • land ownership Yes
  • Physical residence required No
  • Personal visit required No
  • Language skills required No
  • Interview required No
  • Investment Single $50,000
  • Investment Family 4 $50,000
  • Minimum annual income -
  • Time to citizenship 60
  • Time to permanent residency 120
  • Visa-free countries 172
  • Financing available No

Japan

The State of Japan, is a nation in Eastern Asia, a stratovolcanic archipelago consisting of about 6,852 islands. Located in the Pacific Ocean, it lays off the eastern coast of the Asian Mainland and stretches from the Sea of Okhotsk in the north to the East China Sea and near Taiwan in the southwest. Its four largest islands are Honshu, Hokkaido, Kyushu and Shikoku, which make up about ninety-seven percent of Japan’s land area.Japan is inhabited by more than 126 million people, 13.5 of which lives in its capital, Tokyo, and 38 million in its metropolitan area. The other largest Japanese cities include Yokohama, with 3.8 million inhabitants, Osaka, 2.7 million, Nagoya, 2.27 million, and Sapporo, 1.9 million. Its most spoken language is Japanese, although there are 11 recognized regional languages. Its legal tender currency is the Japanese Yen, which is the third most traded currency in the FOREX, after the US Dollar and the Euro.

  • National Flag of:Japan
  • Currency:JPY
  • Area Code:81
  • Capital:Tokyo
  • Continent:Asia
  • Native Languages:Japanese
  • Population:127,288,000

BENIFITS

With your new passport from Japan you'll be able to access 172 countries visa free

citizenship benefits Get one of the most valuable passport worldwide Visa-free or Visa on arrival to 172 countries including United States China Schengen Area Visa-free access to China Visa-free access to the United States Access to educational and healthcare benefits The right to live and work in Japan at all times Passport with optimal reputation permanent residency benefits The right to live and work in Japan without any time limit temporary residency benefits Peaceful democratic and politically stable country Set up a profitable business Extremely safe modern and livable country High quality of life Be eventually eligible for citizenship Low crime rate country Be eventually eligible for permanent residency

FEES

ITEM AMOUNT

TAXES

Tax residents are Japanese residents who have a “jusho” (permanent place of abode) or a “kyosho” (temporary place of abode) for at least one year. If an individual has been in Japan 5 years or less, continuously or not, during a 10-year period, they would not be considered as a tax resident.

Tax residents are subject to taxation on their worldwide income, while non-residents only on their income accrued in Japan.
Tax residents’ personal income is taxed at progressive rates up to 45% on income exceeding JPY50,000,000. Non-residents are subject to a 20% income tax.

There is also a surtax of 2.1% and municipalities usually levy a local income tax at a 10% tax rate.

Dividends and interest derived from resident entities are taxed separately at a flat rate of 20.315% (including surtax and local income tax). Offshore dividends and interests are taxed as ordinary income at progressive income tax rates.

Capital gains are taxed separately at 20.315% (including surtax and local income tax) on the sales of certain securities, 20.315%% on the sale of long-term gains of immovable properties (held more than five years) and 39% on short-term immovable property capital gains.

Japan has comprehensive controlled foreign company (CFC) rules, so income retained in a foreign entity by Japanese tax resident shareholders is likely to be subject to taxation.
Municipalities levy real property (1.4% on the assessed value) and transfer of real property taxes (1.5%-4%) and a real estate registration tax (0.4%-2%).

Inheritances and gifts are taxed at progressive rates up to 55%.
There are no taxes on net wealth.

Regarding corporate taxation, resident entities are subject to income tax on their worldwide income at a 23% rate. There are also local, enterprise and inhabitant taxes, resulting in an income effective tax rate of 34.60% for SMEs and 30.62% for large companies.

To learn more about Japanese corporate taxation, legal framework and tax treaties, visit incorporations.io/japan.

TAX ITEM DESCRIPTION
Property tax Yes
Transfer tax Yes
Inheritance tax Yes
Net worth tax No
CFC law Yes
Tax residency days -
Personal income tax rate 55.95%
Capital Gains tax rate 55.95%
Investment income tax rate 55.95%
Territorial taxation No

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