Can both of co-founders get a business manager visa?
I would like to start a business with my partner in Japan. Can both of us get a business manager visa?
It is necessary for both partners to clearly separate the duties in charge and to invest 5 million yen each.
Both business partners to get a Business Visa
In order for foreigners who jointly launched business in Japan to get a business manager visa, the specific activities that each foreigner is engaged with are reviewed by the Immigration Bureau to meet the business VISA requirements.
They both need to be substantially involved in business management and administration.In addition, the business scale, workload, sales, etc. are required for multiple foreign managers to engage in business management or management tasks. There needs to be a rational reason to co-operate.
Specifically, the Immigration Bureau takes into consideration the specific work to be engaged, the amount of executive compensation paid, etc.
In the following cases, there is a high possibility that the Immigration Bureau will grant a business management visa for each foreign owner.
(1) Given the circumstances such as business size, amount of business, sales etc., reasonable reasons can be recognized for each foreign manager to manage the business
(2) Regarding the business related to business management, the content of the business that will be engaged by each foreign manager is clarified
(3) Each foreign manager is to be paid a considerable amount of compensation as compensation for business related to management
Case study for permitted
【Case】 Foreigner John invested 9 million yen and foreigner Paul invested 6 million yen to establish a trading company. (They have both invested 5 million yen or more for one person). John is a specialist in foreign trade such as trading, and Paul is a financial expert from a banker.
John will be responsible for all sales including overseas transactions taking advantage of his experience and connections, while Paul will be in charge of fundraising and internal management.
The management policy is to be decided jointly as a partner, and the compensation is to be paid from the business income in proportion to the amount of each investment.
１）Essential investment of 5 million yen or more per person
２）The role of management is shared by each
Immigration consultant, Financial advisor
He has 18 years experience in Investment Banking at Mitsubishi UFJ Morgan Stanley. He had provided financial advisory more than 500 entrepreneurs and senior management.
He currently supports many foreign entrepreneurs in Japan, taking advantage of the experience of an investment banker. He is the best expert of Business VISA in Japan.
Gyoseishoshi Immigration Lawyer
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