Foreign business owners in Japan are feeling the strain of tighter visa requirements that took effect last October, with about 5% considering closing up shop while 45% expect impacts to operations, has found.
The survey, conducted between March 31 and April 7, received responses from nearly 300 foreign-owned companies.
Under the stricter criteria for business manager visas, applicants must have ?30 million ($187,000) or more in capital, up from the previous ?5 million. The applicant¡¯s company must also employ at least one full-time worker who is either a Japanese national or someone with stable residency status such as permanent residency.
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