← Back to context Comment by rjzzleep 5 hours ago Sounds logical, but can you elaborate more on what is happening? 1 comment rjzzleep Reply keiferski 5 hours ago Essentially the amount of capital needed to get a business visa went up dramatically. It used to be about 30k USD and now it’s almost 200k. Plus other more onerous requirements:https://www.bakermckenzie.com/en/insight/publications/2026/0...The result seems to be that a lot of smaller restaurants and other foreign-owned businesses can’t really function and will close.
keiferski 5 hours ago Essentially the amount of capital needed to get a business visa went up dramatically. It used to be about 30k USD and now it’s almost 200k. Plus other more onerous requirements:https://www.bakermckenzie.com/en/insight/publications/2026/0...The result seems to be that a lot of smaller restaurants and other foreign-owned businesses can’t really function and will close.
Essentially the amount of capital needed to get a business visa went up dramatically. It used to be about 30k USD and now it’s almost 200k. Plus other more onerous requirements:
https://www.bakermckenzie.com/en/insight/publications/2026/0...
The result seems to be that a lot of smaller restaurants and other foreign-owned businesses can’t really function and will close.