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Japan eyes startup visa program

asia.nikkei.com

51–60 of 224 posts

Re: Japan eyes startup visa program

#51

Same story as always: you take the risk, invest your time and break up your life. If it works you are welcome to stay. If it doesn't work you get cut loose and you likely will take years to recover whereas the other side hasn't risked a thing. These kind of propositions only make sense if you have nothing to lose.

I agree with this. With Japan, there is no soft landing. But part of the problem is that they’re still trying to avoid immigration chaos, and without a viable business there isn’t much validation to you being there....

Its cool, pretty soon, with some help from the GOP there will be no soft landings left in the US either. All the poors and dumbs will die of no healthcare and taxes, and only the strong will remain yay!

(sarcasm btw..)

Re: Japan eyes startup visa program

#52

Earlier quoted context omitted.

Shinsei was easy to work with (for a business account), have English language online banking and telephone support. Never had an issue with foreign transfers. Does help to have a Japanese friend who can help when opening the account, etc, and it’s important to find accounting and legal help that speak English.

For personal accounts Shinsei is fine. For business, not so much. They only do Japanese speaking, they require IE for certificate pinning I believe, and a lot of banks charge extra for online banking even. Rakuten Bank is the best for startups I think, but you still need a Japanese speaking person in the company.

Please excuse my ignorance, but why would you start a business in a country you don't understand its language? Doesn't sound logical to me, except if there's a big part of the country that doesn't speak that language or something bizarre like that.

(this is a serious question, but I'm unable to phrase it this late in a way that doesn't sound like I'm trying to provoke you)

Re: Japan eyes startup visa program

#53
As an "entrepreneur" (closer to a freelancer/independent contractor, self employed through a company I created) that's currently living in Japan, a few notes:

- Things get a lot easier when a Japanese person is involved.

- Paperwork pain will be real, hire someone else to do it. Japan is almost completely about the appearance of propriety -- getting everything filled out properly is 90% of the difficulty.

- Hire a cheap japanese accountant, at least for the first year. Once you have your feet under you, then look into how to use the efiling system (most accountants just do this for you anyway, japan has an absurd amount of their taxes filed electronically, despite their paper-heavy seeming nature). (https://asia.nikkei.com/Politics-Economy/Policy-Politics/Jap...)

- Initial capital requirements are a thing, you can actually get away with a fairly small amount though, like 10/20k USD -- this is impossible in countries like the US where you need millions to even get in the H1-B LOTTERY (so even if you get in, you still maybe don't win). Japan is surprisingly lax, and I think they've been this way -- it's not even a recent change.

- You will never be completely trusted as a foreigner in Japan, nor will you ever completely fit in.

- Japan is VERY easy to live in, even for someone who doesn't speak Japanese. While this is true, you should strive to speak japanese if you live in Japan -- your experience will be severely limited otherwise.

- There's a monthly HN meeting here that's not half bad (https://hntokyo.doorkeeper.jp/events/upcoming)

- Japan's tech skill is low. While I expect people on HN to know a little more, the mainstream media often only catches a whiff of japan at the peak of it's technical prowess (robots in Kyoto, interesting breakthroughs, etc), but the vast majority of businesses here are WOEFULLY inefficient and have not embraced technology and the current rush to build good technical knowledge. Sending a fax for business purpose (like for example your startup sending a fax to another company to get them to perform some function) is a thing that people actually expect you to do here, while offering no API alternative or anything.

- The japanese market is NOT your home market, and not even some generic "global/international market". Japan is 95%+ ethnic japanese, and this makes it a complete different ballgame. If you've never been, learning how the culture works (what makes a "salaryman" a "salaryman"). Funnily enough, if you're a huge company (FB, Google, etc), then you actually CAN treat japan as just another global/international market, because name recognition has already pierced the japanese public and if the association is good (fashionable/smart/innovative/trend-setting foreign brand) then they'll buy what you're selling without much thought.

- Fiber is very cheap and accessible, the intra-country connections are blazing fast, but the connections to the outside world (like the USA) can be slow.

- The NHK fee is a thing, look it up and decide what you want to do before you come over (I wish someone had told me).

- Conglomerates are a huge thing in Japan, there are virtually no anti-trust laws. Companies like Toyota or Yamaha get their fingers in almost everything in Japan.

- Building trust as a company in japan takes a long time, but is even easier if you seem like a "japanese" company. I'm almost 100% sure that LINE has come as far as it has because people thought it was a japanese company at the beginning (https://en.wikipedia.org/wiki/Line_(software)#History).

- This startup program looks most enticing for big established companies that want to create a japanese entity. Why would a company need to do that? because Japan's market is completely different, and often just making a branch office won't work.

- If you have 50K you can get into japan relatively scot-free by getting an investor visa, and likely fast-tracking yourself to a status called "Highly Skilled Professional" with the right job, which can lead to a "permanent resident" visa (you never become a citizen if you're not japanese).

- The most important thing I can tell you about japan is that it's greatest strength is it's greatest weakness: just about everyone is in the same "lane". When you leave that lane, things get extremely difficult, but if you stay in the lane, everything is smooth and easy. The lane includes things like politeness-by-default, general honesty & propriety, but also includes overly-intense-sometimes-blinding-nationalism (nationalism != patriotism).

There's a lot more I could say, but this list is plenty long (and random) already.

Small plug for myself -- I'm the CTO of an exceptionally small "startup"/consultancy: https://gaisma.co.jp (the homepage is in japanese and pretty skint but we mostly write software). If you've got questions about how I got to Japan or how it is, or you've got some cool projects for me to undertake, feel free to get in touch (see my profile or the gaisma page) vados@gaisma.co.jp

Re: Japan eyes startup visa program

#54
post #41
post #29

You don't make up for a missing ecosystem of investment by tweaking the visa rules. Japan getting things wrong again.

What do you think they should do? This is at least a step in the right direction, and could lead to more of an ecosystem developing.

Before anything Japan needs to be a lot more flexible in terms of culture, rather than tweaking the rules to follow the trends. It's like the fool being pointed the moon and looking at the finger.

Cultural changes will not occur in a short timeline, and even more so in Japan where there is deference to age, experience and authority. On top of that in recent years the country has closed itself even more so than let's say 10 years ago (you can see that in politics a lot as well) , and it's not really a positive mindset to be in when you have the ambition of being a global player.

I still think Japan will change, but I expect them to change when they have their back against the wall rather than being very proactive about it.

Re: Japan eyes startup visa program

#55
post #26
post #9

>Based on the New Business Implementation Plan, Fukuoka City officials will conduct a review on the progress of startup businesses founded by entrepreneurs who utilized this system and received approval for his/her Business Manager residential status. There will be three review sessions during the six-month period, of which at least one session will be held either at the entrepreneur’s place of business or residence.…

Try opening a business bank account in Japan. Or any bank account for that matter. Be prepared to start every handwritten form over if you make even the slightest error, and I hope you’ve been practicing your kanji. No credit cards or foreign transfers until you’ve got a few years in your business. Capital requirements. It’s a whole different ballgame, for better or worse.

Can confirm. With local banks it's a major nightmare. Even Japanese startups take MONTHS to have official banks account they can use for charging their clients. If you need anything fast, Rakuten Bank is your (pretty much) only option.

Re: Japan eyes startup visa program

#56
post #12

I don't think Italy is a great place to do business, but it's a good place to live in many ways. They've got something similar that might be of interest to the right person http://italiastartupvisa.mise.gov.it/#ISVhome

That website is compeltrly broken on mobile. Is there another link with a summary of the program.

(The link jumps erratically, and completely breaks the back button)

Re: Japan eyes startup visa program

#57

Good luck finding a place to rent.

Silicon valley -> Tokyo expat here. It took me Just like anything, there's right and wrong ways to do it. If you do it the traditional way with a japanese speaking landlord who mistrust foreigners, yes it can be hard. That is a significant portion of the market. One thing I will say, there are real estate companies that actually cater to foreigners. This has been my landlord for a year and I just renewed: http://toky…

[deleted]

Re: Japan eyes startup visa program

#58
Good luck with that. I would advise against it having been stationed in Japan, in Yokosuka, on the first Nuclear vessel forward deployed ever. It's an awesome place for tourists but it will never be a place that anyone who is not 100% Japanese can call home. You will always be an outside over there.

Re: Japan eyes startup visa program

#59
post #7

Earlier quoted context omitted.

That graduate degree requirement sucks. I'd actually consider it (as an employee) even though pay is much lower in France than in the U.S., but I don't have any higher education at all!

I think it's still easy to get a work visa for France even without this program. Salaries are lower, but you have social security, retirement, and very cheap education. You can't really compare gross salary.

And excellent, free healthcare.
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