[socalgal2]

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.

[bob001]

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?

[bamboozled]

I know several young people who have migrated to Japan and due to the low cost of starting a company ended up building great businesses with pretty serious revenue and employee ten to hundreds of staff. This wouldn’t have happened if they needed such a large amount of capital just to start.

The problem I see with the new rules are it just stops entrepreneurs and rewards rich money launders. The visa applications should considered based on merit and not just about capital.

[bob001]

> The visa applications should considered based on merit and not just about capital.

If it has merit then you should have no trouble getting some investors lined up...

[bamboozled]

Sales pitch to Sillicon Valley Based Hedge Fund: "Pizza Shop in Japanese Ski Resort Town".

[thenthenthen]

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…