Japan: Relaxed Investment Requirements for Business Manager Residence Program Coming Soon
April 8, 2024
The Immigration Services Agency (ISA) is set to relax the investment requirements for the Business Manager Residence program within the next two months. To meet the capital requirements for new ventures, foreign nationals who intend to start their own company in Japan will be allowed to include funds raised through Japan's J-KISS (Keep It Simple Security) fundraising mechanism, allowing investors to purchase stock acquisition rights, which was not previously allowed, to meet the minimum JPY 5 million capital requirement. This change is likely to allow smaller companies to utilize the Business Manager Residence Program, attracting talent and investment to stimulate the Japanese economy and promote recovery in the aftermath of the COVID-19 pandemic.
This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen or send an email to [email protected].
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