The government is looking to raise the bar for business manager visas from October amid rising concerns of foreign nationals using it as an easy loophole to settle in Japan.
It plans to increase the amount of capital investment to qualify for the visa and raise its requirements for applicants in terms of academic credentials and management experiences.
Currently, applicants can acquire the visa by establishing their businesses in Japan and either invest at least ¥5 million ($33,820) in capital or hire at least two full-time employees who reside in the country. The visa allows its holder to stay in the country for up to five years and can be renewed.
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