Comment by socalgal2
8 hours 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.
Yeah, 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?
This is also a scam in China, but you just need 10k USD. Well thats not gonna work anymore. If you bring 300-500k tho…