Introduction

The Business Manager visa (Residence Status “Business Manager”) is essential for foreigners who establish and manage companies in Japan. One of the most discussed conditions for obtaining this visa is having a capital of at least 5 million yen. However, it is important to understand whether you can apply with less than 5 million yen capital, the alternative criteria, and how to avoid denial risks. This article explains the latest criteria, practical points, and strategies to minimize the risk of refusal based on official government information.

Meaning of the 5 Million Yen Capital Criterion

The Business Manager visa requires, under the Immigration Control and Refugee Recognition Act, that the business scale be shown by having capital or total investment of at least 5 million yen or employing two or more full-time staff residing in Japan. This amount serves as an objective indicator that the business is sustainable and stable, not just a minimum investment threshold.

Applying with Less Than 5 Million Yen Capital

Currently, it is not mandatory to have a capital of 5 million yen or more. Instead, if the applicant employs two or more full-time employees in Japan, the scale requirement can be met, making visa application possible. Also, if multiple investors together exceed 5 million yen, the applicant does not need to supply the full amount alone.

Since 2024, certain types of paid stock options (like J-KISS) are also recognized as capital, providing more flexibility in preparing funds. Applicants must convincingly show business stability through business plans and other materials.

Future Changes to Capital Requirements

The Ministry of Justice is considering raising the capital requirement from 5 million yen to 30 million yen. This aims to strengthen the authenticity of business operations and prevent misuse by shell companies. While not yet finalized, businesses should stay informed about future updates.

Avoiding Denial Risks

Typical reasons for visa denial include sustained financial losses, insufficient involvement of the manager, unpaid taxes or social insurance, missing licenses or notifications, and unclear business operations. These can be avoided by preparing thorough business plans, ensuring proper employment and social insurance enrollment, and working with professionals knowledgeable in immigration law.

Summary

• The visa requires capital of 5 million yen or hiring two or more full-time employees in Japan.
• Applications can be accepted with less capital if employment conditions are met.
• Capital requirements may increase to 30 million yen, so keep up with official updates.
• Avoid denial risks through concrete business plans, proper employment, social insurance, and licenses.
• Consulting experts is key to strong preparation and successful visa acquisition.