When a single foreigner starts a business and obtains a business administration visa, one of the requirements is that the business must be of a certain size.
So how do we prove the size of the business? The foreigner himself/herself must invest 5 million yen to start the business. (This does not apply to businesses with two or more full-time employees residing in Japan.)
We are often asked whether it is sufficient to simply prepare 5 million yen in capital, but it is very likely that even the source of the capital will be subject to examination in the Business Management Visa application. You will need to prove how you collected the ¥5 million. On this page, we will explain how to prove the formation process of how you collected the commonly asked 5 million yen.
I saved it myself.
This is the case where the 5 million yen for the investment is calculated from your own savings, but you need to prove how you saved the money. This applies to those who came to Japan on a work visa and were company employees, or those who were company employees in their home country before coming to Japan and saved 5 million yen by saving their salary every month. In this case, we will submit your bankbook entries until the 5 million yen is saved.It does not matter if you know that you have saved steadily every month.
Since it is unnatural for the amount of savings to exceed 1 million yen at one time in the bookkeeping, it is advisable to accumulate the expected amount of savings from your monthly salary. Also, be careful when bringing overseas assets into Japan. Please note that if you bring in cash, you are obliged to declare more than 1 million yen to customs, and there is a limit of $50,000 for overseas remittances. If you ignore the rules and bring cash into Japan, you can expect to be treated unfavorably in the examination process.
Got it.
If you get money from your family to form a 5 million yen,The process of getting them is important.
Receiving a sum as large as 5 million yen is unnatural from an objective point of view. If the gift was given by a parent, attach a birth certificate or other documentation that clearly shows the parent-child relationship. If you receive a gift by remitting money to Japan from a relative overseas, we recommend that you check in advance because Japanese gift tax may be applied depending on the case.
Borrowed.
If you borrow money from a bank or consumer loan to form a 5 million yen,It is important to be able to confirm consistency in the loan agreement and the loan agreement.
If you borrowed from a bank or consumer finance company, be sure to keep the contract showing the amount. Next, if you borrowed from a friend, a copy of the friend’s bankbook or other documents may be required in some cases. Note that if you borrowed 1 million yen from a friend who has about 100,000 yen in savings, it will be difficult to explain the formation process.
Finally.
If you have applied for a business administration visa with capital of 5 million yen, the Immigration Bureau may request a copy of the account with the capital about one month after the application. The intention is to confirm that the money was not deposited temporarily.Note that if 5 million yen is missing from the account within a month or so of application, it will no longer be considered 5 million yen as company money.
