Reasons we do not recommend 4-month Business Manager visas
We often receive inquiries from foreign nationals living abroad who want to apply for a 4-month business manager visa to establish a company in Japan.
However, we do not recommend a 4-months Business Manager visa. Why?
This article in Japanese 4か月の「経営・管理ビザ」の現状
Background of the Establishment of the 4-month “Business Manager” visa
In the 2015 revision of the Immigration Law, a four-month period of stay was established for the ” Business Manager” visa effective April 1, 2015. Previously, it was possible to enter Japan with a short-term stay of 90 days, register as an alien, obtain a certificate of seal registration, etc., and then establish a company. However, with the abolition of the alien registration system, the basic resident registration system was also changed, and those who can register as residents are now limited to mid- to long-term residents. In other words, a resident card is no longer issued to those who stay in Japan for a “short-term stay (90 days)” of three months or less.
As a result, it is no longer possible to establish a company during the period of short-term stay because a temporary visitor visa does not allow resident registration, seal registration, or the opening of a bank account. To cope with this situation, the 4-month “Business Manager” visa was newly established.
If it is confirmed from the submitted documents that the applicant intends to establish a company or that the establishment of a company is almost certain, you have a chance to obtain a 4-month “Business Manager” visa even before the company is established.
Current situation of the 4-month “Business Manager” visa
1. Opening a bank account
You can open a bank account if you have a residence card and a certificate of seal impression. However, in order to avoid money laundering, many banks require that the period of stay be six months or longer in order to open a bank account. As a result, even if you have obtained a 4-month “Business Manager” visa and have your residence card and a certificate of seal registration ready, few banks will allow you to open a bank account if your permitted period of stay is less than 6 months.
If you cannot open a bank account, you will not be able to transfer the capital of the company you are establishing, and therefore you will not be able to register the incorporation of your company.
2. Securing a place of business or residence
In many cases, real estate leases in Japan are either annual contracts or require a joint guarantor. With a “Business Manager” visa with a 4-month period of stay, it is very difficult to sign a real estate contract on their own, as they are often refused by the landlord.
There is such a difference between the purpose of the law that created the 4-month “Business Manager” visa and the current operation. Therefore, if a foreigner residing abroad wishes to establish a company in Japan and obtain a “business administration” visa, we recommend that he/she find a reliable partner in Japan to temporarily serve as co-president of the newly established company, ask for cooperation in transferring capital, signing business real estate contracts, and so on, and then apply for a regular “business administration” visa.
If you are thinking of setting a company in Japan, we are happy to help you. Please contact us.
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