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UIA 58 th Congress Foreign Investment Commission Lifting Immigration Restrictions in Japan

UIA 58 th Congress Foreign Investment Commission Lifting Immigration Restrictions in Japan. 30 October 2014 URYU & ITOGA Motoyasu HIROSE. Japanese Visa Categories For Investors - Statutory Classification. Immigration Control and Refugee Recognition Act (Law No. 319 of 1951)

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UIA 58 th Congress Foreign Investment Commission Lifting Immigration Restrictions in Japan

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  1. UIA 58th CongressForeign Investment CommissionLifting Immigration Restrictions in Japan 30 October 2014 URYU & ITOGA Motoyasu HIROSE

  2. Japanese Visa Categories For Investors - Statutory Classification • Immigration Controland Refugee Recognition Act (Law No. 319 of 1951) • Major Visa Categories for Foreign Investors Classification in the Appendix of the Law (not exhaustive) • Investor & Business Manager • Legal & Accounting • Humanities & International Business • Inter-Company Relocation • Research Activities

  3. Investment & Business Manager Visa - Traditional Visa for Investors Strict, discretionary and unpredictable decision criteria for small and medium Enterprises … • Conditions • Minimum Investment of JPY5,000,000 (EUR350,000) • Employment of at least 2 personnel Simple? Not always. • Business Plan • Certificate of Aptitude • Problems • Corporate register of Japan office, office lease and employment agreements in Japan must precedevisa application • In the future, some grace period of 1-2 years may be granted to investors in certain strategic locations & industries • Corporate registry office requires that legal representative of Japan office be resident in Japan.

  4. Highly Skilled Foreign Professionals (1)- New System for Promotion of Foreign Investment Since 2012 • Purpose • To attract high-quality human resources • To fit the sequence of deregulation of immigration rules • Targeted categories • academic research activities • highly specialized and technical activities • business management activities • Total Score : 70 points↑Transparent Criteria • Academic Background (0 ～ 30 points) • Professional Experience (0 ～ 20 points) • Annual Income (0 ～ 40 points) • Age (0～15 points) • Bonus (5～15 points each)

  5. Highly Skilled Foreign Professionals (2)- Points Calculation (Highly Technical and Specialized Activities)

  6. Highly Skilled Foreign Professionals (3)- Significantly Preferential Treatments • Advantages • Scope of permitted activities are not limited • Resident status is valid for 5 years • Relaxed conditions for becoming a permanent resident • Speed-up of procedures • Work permit for his/her spouse • Permit to accompany parents • Permit to accompany housekeepers Far more convenient than “Investor & Business Manager”

  7. Recent Changes Facilitating Foreigners Life in Japan- Registry and Social Security Systems Since 2012, the register of foreigners and social security systems applicable to foreign residents in Japan have been significantly amended and became much closer to Japanese citizens. • Registration of Foreigners • The former system of alien registration was abolished. • Instead, the Basic Resident Registersfor Japanese citizens also applies to foreigners. • Japanese Health Insurance • Minimum period of stay in Japan: 1 year 3 months • Mandatory affiliation (with some exceptions) • Eligibility for National Pension

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