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Foreign business owners are scrambling to raise capital to stay in Japan

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Re: Foreign business owners are scrambling to raise capital to stay in Japan

#11

Post by aurareturn »

ElProlactin wrote: post #6

Many countries are tightening the immigration screws. For example, Thailand just reduced visa exempt stays for most countries from 60 to 30 days and have been going hard after illegal foreign businesses set up under Thai nominees. While there are usually political and economic factors that contribute to these decisions, I've been living overseas for almost two decades and have noticed that rampant abuse is now almost…

For Southeast Asia specifically, they've been battered by low quality, trashy tourists - more so after Covid. Locals are respectful but many tourists are entitled in SEA. You see plenty of videos on social media of tourists starting fights with locals, being disruptive in public areas, and generally doing something illegal.

Recent example in Vietnam: https://www.instagram.com/reels/DY_-NcwDTaJ/

A lot of trashy tourists are moving from Bali over to Vietnam. I few sorry for the locals. Yes, they'll make a few extra bucks a week from more tourists but at the cost of seeing your society get destroyed slowly.

Dear Vietnam, please do not try to become the next Thailand and Bali for tourism. Do not welcome sex tourists, criminals, crypto bros, begpackers. Don't sell your soul for a few extra dollars.

Re: Foreign business owners are scrambling to raise capital to stay in Japan

#12

Post by tristanj »

missingdays wrote: post #4
tristanj wrote: post #2

A large number of Airbnb hosts were using this Business Manager Visa as a way to stay in Japan. People in China realized they could just buy/lease a guesthouse in Osaka / any tourist hotspot, and rent it out on Airbnb. Then they become a "business manager" and get a Japanese resident visa within 3 months. All you needed is to invest 5million yen, which is like 31k USD, which isn't much. People wrote entire online gui…

A guesthouse in Osaka is 31k USD?

5 million yen is the company capital requirement. They would form a company, invest 5 million yen into it, then the company would lease an apartment and rent it out on Airbnb.

Rent would cost ¥60,000–120,000/month, they would list it on Airbnb for ¥20,000/night, then assuming 50% occupancy the return is ~¥200,000/month.

It was very profitable. The payback period for the ¥5 million was 1.5 - 2 years.

Re: Foreign business owners are scrambling to raise capital to stay in Japan

#13

Post by eloisant »

ElProlactin wrote: post #6

Many countries are tightening the immigration screws. For example, Thailand just reduced visa exempt stays for most countries from 60 to 30 days and have been going hard after illegal foreign businesses set up under Thai nominees. While there are usually political and economic factors that contribute to these decisions, I've been living overseas for almost two decades and have noticed that rampant abuse is now almost…

That's pretty crazy when you see that in developed countries, Japan in particular, population is aging and declining.

Countries should be competing for the best immigrants, not closing their doors.

Re: Foreign business owners are scrambling to raise capital to stay in Japan

#14

Post by [deleted] »

missingdays wrote: post #4
tristanj wrote: post #2

A large number of Airbnb hosts were using this Business Manager Visa as a way to stay in Japan. People in China realized they could just buy/lease a guesthouse in Osaka / any tourist hotspot, and rent it out on Airbnb. Then they become a "business manager" and get a Japanese resident visa within 3 months. All you needed is to invest 5million yen, which is like 31k USD, which isn't much. People wrote entire online gui…

A guesthouse in Osaka is 31k USD?

[deleted]

Re: Foreign business owners are scrambling to raise capital to stay in Japan

#16

Post by boelboel »

eloisant wrote: post #13
ElProlactin wrote: post #6

Many countries are tightening the immigration screws. For example, Thailand just reduced visa exempt stays for most countries from 60 to 30 days and have been going hard after illegal foreign businesses set up under Thai nominees. While there are usually political and economic factors that contribute to these decisions, I've been living overseas for almost two decades and have noticed that rampant abuse is now almost…

That's pretty crazy when you see that in developed countries, Japan in particular, population is aging and declining. Countries should be competing for the best immigrants, not closing their doors.

Do people starting an 'airbnb' business help with the aging problem? Same thing with some of the other immigrants. They're not really creating economical value as much as they're competing with natives taking the 'easy part'.

Re: Foreign business owners are scrambling to raise capital to stay in Japan

#17

Post by kakacik »

eloisant wrote: post #13
ElProlactin wrote: post #6

Many countries are tightening the immigration screws. For example, Thailand just reduced visa exempt stays for most countries from 60 to 30 days and have been going hard after illegal foreign businesses set up under Thai nominees. While there are usually political and economic factors that contribute to these decisions, I've been living overseas for almost two decades and have noticed that rampant abuse is now almost…

That's pretty crazy when you see that in developed countries, Japan in particular, population is aging and declining. Countries should be competing for the best immigrants, not closing their doors.

Yeah, but folks doing scams to get visas are hardly the "best immigrants", rather amoral scum that is largely incompatible with mentality and moral values of host country. Clearly not the type of immigration they desperately want, can't blame them

Re: Foreign business owners are scrambling to raise capital to stay in Japan

#18

Post by Levitz »

eloisant wrote: post #13
ElProlactin wrote: post #6

Many countries are tightening the immigration screws. For example, Thailand just reduced visa exempt stays for most countries from 60 to 30 days and have been going hard after illegal foreign businesses set up under Thai nominees. While there are usually political and economic factors that contribute to these decisions, I've been living overseas for almost two decades and have noticed that rampant abuse is now almost…

That's pretty crazy when you see that in developed countries, Japan in particular, population is aging and declining. Countries should be competing for the best immigrants, not closing their doors.

Countries are not concerned about a lack of willing immigrants, and so they close their doors so the ones they want are the ones that get in.

Re: Foreign business owners are scrambling to raise capital to stay in Japan

#19

Post by cucumber3732842 »

Reubachi wrote: post #7
missingdays wrote: post #4

Earlier quoted context omitted.

A guesthouse in Osaka is 31k USD?

The visa requires licensing/registrations and token investments, all aside from the cost of purchasing a home in Osaka.

>all aside from the cost of purchasing a home in Osaka

Which they were almost certainly divvying up. A bunch of people invest $32k each. Some management company buys the home, pays them all a cut of airBNB proceeds, etc. You don't "do" anything beyond put up $32k for your $31k piece of paper.

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