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Foreign business owners are scrambling to raise capital to stay in Japan
51–60 of 213 posts
Re: Foreign business owners are scrambling to raise capital to stay in Japan
#52Earlier quoted context omitted.
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.
There is no "competing for the best immigrants". Anyone who is at the top of the ladder (educated, wealthy) will move wherever is most desirable, and thats pretty much only the US. You can't fake it with incentives, America doesn't have to offer immigrants anything it simply exists as the global centre for tech, finance, medical etc. - nobody is lining up to move to China, India or Germany. Anyone who is at the botto…
>will move wherever is most desirable, and thats pretty much only the US.
What? Do you seriously think that wealthy people only want to move to the US? It's a wild claim, especially considering we're in a comment section of a post about immigration to Japan.
Re: Foreign business owners are scrambling to raise capital to stay in Japan
#53A 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…
And how are they not managerial, entrepreneur, doing business ? Is there something illegitimate in doing an activity that yield profit when the national is Chinese ? Or when it's a short term let ? Or when it is something that doesn't directly contributed to innovation benefiting the nation ?
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Re: Foreign business owners are scrambling to raise capital to stay in Japan
#54As a Brit living in Japan (non-resident) I think they should protect themselves at all costs, lest what happened to my country happen to theirs. If the business visa was abused, that abuse should be stopped, not just allowed to happen like we would do.
First
> at all costs
That’s with nearly 100% certainty always wrong at leads to disaster
Second
I doubt the new requirements will hinder shell companies that much. The honest people on the other hand will be screwed.
Re: Foreign business owners are scrambling to raise capital to stay in Japan
#55As a Brit living in Japan (non-resident) I think they should protect themselves at all costs, lest what happened to my country happen to theirs. If the business visa was abused, that abuse should be stopped, not just allowed to happen like we would do.
I'm sorry, you're simultaneously (somehow?) living here as a non-resident, and complaining about people _abusing the system_?
That's pretty rich, gotta say!
Re: Foreign business owners are scrambling to raise capital to stay in Japan
#56As a Brit living in Japan (non-resident) I think they should protect themselves at all costs, lest what happened to my country happen to theirs. If the business visa was abused, that abuse should be stopped, not just allowed to happen like we would do.
I'm sorry, you're simultaneously (somehow?) living here as a non-resident, and complaining about people _abusing the system_? That's pretty rich, gotta say!
What’s rich about it? You can live in Japan as a non-resident and still be following 100% of the rules.
I agree with the GP. It’s their country. They set the rules. If they want to change the rules because those rules aren’t working for them, that’s their prerogative. As a USian, I’m actually sort of jealous that they have the ability to make changes so quickly.
Re: Foreign business owners are scrambling to raise capital to stay in Japan
#57Earlier quoted context omitted.
> A [person] that just extracts capital by capturing real state and collecting rent is a great example, this person is a large net loss for the country. Even to their home country.
Genuine question: how so? I'm not familiar with the economics of this.
The short answer is this an exemplar of the distinction between generating income by producing vs generating income by rent-seeking.
Producing something, goods, services, useful information, etc. is a net plus for society, adding value for both the producer and the consumer, making the society overall richer.
Rent-seeking is purely extractive - it extracts value from the consumer, and in the cases where the extractor is outside of the society, e.g., a foreigner or oligarch-type, it extracts value from the society, leaving the society poorer.
Re: Foreign business owners are scrambling to raise capital to stay in Japan
#58Earlier quoted context omitted.
>I feel like letting people buy their way in to visas is actually a pretty good system That depends of what you're hoping to prevent. If you want to filter out people who can't sustain themselves, petty crime or the like, it works. But it can open the door to a lot of unwanted effects. A foreign national that just extracts capital by capturing real state and collecting rent is a great example, this person is a large…
> A foreign national that just extracts capital by capturing real state and collecting rent is a great example, this person is a large net loss for the country. Is this a creative way of arguing that landlords are a net loss for the country? Because I would like to remind you that MANY people cannot afford to buy homes, and renting is how they make sure they don't become homeless.
So, you changed topics from airbnb, which removes units from the rental market, to landlords in general? I think I can play that game. Lets go for the easiest one against landlords: Renting being the alternative to homelessness isn't a feature, it's a failure of housing policy. Homeowners carry 400% more net wealth than renters with comparable income, normalizing a rental market just means normalizing a wealth gap.
Re: Foreign business owners are scrambling to raise capital to stay in Japan
#59Earlier quoted context omitted.
I'm sorry, you're simultaneously (somehow?) living here as a non-resident, and complaining about people _abusing the system_? That's pretty rich, gotta say!
What’s rich about it? You can live in Japan as a non-resident and still be following 100% of the rules. I agree with the GP. It’s their country. They set the rules. If they want to change the rules because those rules aren’t working for them , that’s their prerogative. As a USian, I’m actually sort of jealous that they have the ability to make changes so quickly.
>You can live in Japan as a non-resident and still be following 100% of the rules.
Not for any reasonable definition of "live in", you can't.
Re: Foreign business owners are scrambling to raise capital to stay in Japan
#60[deleted]