The Business/Administration visa is a status of residence for foreign nationals residing in Japan for the purpose of operating a business.
There are various requirements and conditions that must be met in order to obtain a business management visa, one of which is the business size requirement.
Generally, it is required to have “ 5 million yen investment One of these requirements is the business size requirement, commonly known as” investment of 5 million yen.
Many people who are establishing a company for the first time and starting management activities may find it difficult to prepare 5 million yen out of pocket.
In such cases, In such a case, some of them may want to prepare 5 million yen by financing. In such cases, there may be some who would like to prepare 5 million yen by financing.
This page explains how to prepare a 5 million yen investment for a business management visa by means of a loan.
Is a 5 million yen investment absolutely necessary?
First of all, before the possibility of financing a 5 million yen investment, the question arises whether a 5 million yen investment is absolutely necessary in the first place.
In this regard, the scale of business is as followsEither (1), (2) or (3) is legally required.
- At least two full-time employees residing in Japan other than those engaged in management and administration (those applying for a “Management and Administration” visa) must be engaged.
- The amount of capital or the total amount of investment must be at least 5 million yen.
- The scale of the project must be recognized as equivalent to (1) or (2) above.
The “5 million yen investment” mentioned earlier refers to (2).
As long as either (1), (2), or (3) is satisfied, the investment of 5 million yen is not a legal requirement, at least under the law.
However, in practice, the business size requirement is mostly based on a 5 million yen investment. This is because, in the case of employing two full-time employees as in (1), the total annual amount of salaries, social insurance premiums, etc. will usually exceed 5 million yen, and a 5 million yen investment is often less burdensome for the applicant.
Therefore, unless there are some special circumstances, 5 million yen investment will be absolutely necessary.
Can a loan be used to finance a million investment?
In conclusion, when applying for a business management visa, It is possible to invest 5 million yen in a company by means of a loan.
It is common for Japanese nationals to take out a loan when establishing a company, and it is also possible for foreign nationals to do the same.
However, if 5 million yen is to be prepared through a loanThe following points should be noted
Points to note when applying for a business administration visa with a loan
(1) Source of ¥5 million
If you have received a loan, from whom and from where did you borrow it, and what is the process of forming the 5 million yen?The source of the money must be clearly explained in the statement of reasons and prima facie documentation.
You must also explain why you were able to borrow the money.
If you are borrowing from a third party, such as an acquaintance, rather than someone close to you, such as a parent, you will need to provide a more detailed explanation.
In addition, when trying to obtain a loan from a financial institution, Note that if you are trying to obtain a loan from a financial institution, it is difficult to obtain a loan if you have not yet obtained a visa for business management and administration.
In particular, those who do not currently reside in Japan or have not lived in Japan for a short period of time, or those with a status of residence that does not allow them to work, such as studying abroad, will find it difficult to obtain loans from financial institutions, and will need to have a Japanese guarantor.
(2) Repayment
In order to obtain a loan, the company must be able to repay the loan based on the sales of the business activities it intends to carry out.
Therefore, it must be clearly explained in a business plan, income plan, repayment plan, and statement of reasons.
Conclusion
This page explains how to prepare a 5 million yen investment for a business management visa by means of a loan.The 5 million yen for the investment must be prepared with expertise in business administration visa, otherwise it will negatively affect the visa approval.
We recommend that you consult with an experienced specialist to determine whether there are any problems with the method of preparing 5 million yen in terms of obtaining a business management visa.
