This was incredibly well-written and an enjoyable story. Congratulations on pushing through and getting traction. Something that resonated: > We had to put 5 million JPY (~$45k at the time) in our business bank account and leave it there. For... some reason. Living in Asia I've come across this bizarre government obsession with "money in the bank" when dealing with them: "You need $15k in a bank account to apply" "Ok…
IF you try to understand it from the regulators perspective, it totally makes sense. You see, the law is written for legibility, not for variation, and rightly so. $15k cash in the bank is easier to understand than $300k in ETFs. Your $300k ETF might be stable or it might fall below the value of $15k over 6 months (not likely but government officials are not in the business of investigating the stability of individua…
Amusingly I was not even required to incorporate there to get the visa unless going into certain industries, was clear with them that domiciling in Singapore makes far more sense for a saas startup and they had no problem with that.