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

tokyopaladin.substack.com

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

#81

Post by timr »

akg_67 wrote: post #75
timr wrote: post #71

Earlier quoted context omitted.

> He is an immigrant in Japan but he doesn’t want immigrants both in his host (Japan) and home (UK) countries Except that’s not what he said at all. He said if there’s visa abuse, the abuse should be stopped. How one gets “doesn’t want immigrants” from this is beyond me.

> As 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.*

Yes, keep reading…don’t just stop when the first part of the paragraph makes you mad.

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

#82

Post by f17428d27584 »

Gareth321 wrote: post #41
torben-friis wrote: post #23

Earlier 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.

1) renting is not the only way for a society to create affordable housing

2) rent being the only way to afford shelter has zero relation to whether it is a net loss or not

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

#83

Post by LightBug1 »

cedws wrote: post #35

As 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 just would like to say a respectful and courteous "thank you" to Japan.

Thank you taking this "ex-pat" off our hands.

Cheers.

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

#84

Post by modo_mario »

rayiner wrote: post #68
timr wrote: post #47

Earlier quoted context omitted.

Yep. There was also a proliferation of Indian restaurants in the major cities, for the same basic reason. (Though I have to say that seems like a much harder road than operating a guesthouse for people from your own country, which is what I presume was the Chinese approach.) Since you can bring in relatives on this kind of visa, I’ve heard the expression “One curry pot equals three people” . There have been stories i…

> Since you can bring in relatives on this kind of visa, I’ve heard the expression “One curry pot equals three people”. Family reunification is a gaping loophole in any skilled immigration law and developed countries need to seriously limit it. The New York Times did a good podcast on how uncapped family reunification ended up being a loophole that totally overturned all the limits and compromises in the 1965 immigra…

Same in belgium. It's almost if not the biggest source of migration.

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

#85

Post by eunos »

tecleandor wrote: post #20

> The police suspect around 1,000 people may be working in Japan illegally through these types of schemes. In a country with a population of 123 million, that's a non issue just for pleasing far right Nippon Kaigi friendly voters.

> Nippon Kaigi friendly voters

*Sanseito.

Nippon Kaigi friendly are mostly trad big corps. These days the anxiety came from everyday folks that are starting to consider Sanseito vs good ol' LDPJ.

While not 100% the same, I do think that the last LDPJ huge victory reminds me of 2019 UK election, the last big hurrah for Conservative, before Reform starts seeping in.

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

#86

Post by timr »

klausa wrote: post #74
timr wrote: post #64

Earlier quoted context omitted.

Well, it depends a little on what OP meant by “resident” - often that gets used by expats to mean “permanent resident”, which is a pretty high bar. But even if you just assume that OP is here on the digital nomad visa thing, you’re effectively living here. More to the point, you’re following the rules , and it’s not at all ironic or contradictory to have an opinion that the rules can be changed by the host.

If they meant "permanent resident" when they said "resident" that'd be a pretty weird, given, you know, our 在留カード literally say "residence card" on them; but perhaps this actually common, and I'm one of today's lucky 10,000. But if they're here on a Digital Nomad visa, then their stay is limited to 6mo with no pathway to extending this — _I_ personally don't think that qualifies as "living" in a place, but perhaps re…

Yes, I knew as soon as I wrote that that someone would chime in with the English definition of 在留. I thought about deleting it since it isn’t important to the argument, but I left it in because it’s a thing I’ve heard expats say here.

Look, even if OP is just living here on a tourist visa and doesn’t have any form of residency at all, and (s)he’s still following the rules as established, it’s not even remotely ironic to say that the rules are the rules, and the host has the right to change the rules.

It would be ironic if OP did that while admitting to violating immigration law.

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

#87

Post by rayiner »

klausa wrote: post #55
cedws wrote: post #35

As 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!

Your point doesn't follow logically. If you're a non-resident living in Japan according to Japanese peoples' expectations, why can't you criticize other non-residents who aren't living in a way that's consistent with Japanese peoples' expectations?

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

#88

Post by nradov »

toss1 wrote: post #57
junon wrote: post #40

Earlier quoted context omitted.

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…

Efficient capital allocation is a net positive for society.

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

#90

Post by decimalenough »

tristanj wrote: post #12
missingdays wrote: post #4

Earlier quoted context omitted.

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.

Also, the capital stays with the company! Wind down the company and (if it was profitable) you get your capital back.
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