Japan
An island nation in East Asia where approximately 126 million people reside has become widely recognized as Japan today. This country boasts a unique integration of ancient traditions alongside modern technological advancements. It has exhibited substantial economic development models aimed primarily at advancing industries within the manufacturing, electronics, and automobile sectors, respectively. Visitors tour some of its famous landmarks, such as Tokyo Tower, Mount Fuji, or even the early temples within Kyoto city limits.
The official language utilized by natives of this land mass is Japanese, and their currency, which trades worldwide, is the “yen.” Japan is a member of seasoned international associations, including but not limited to the United Nations (UN), the G7 Grouping, and the World Trade Organization (WTO).
It is important to note that a Citizenship by Investment program is currently unavailable in Japan. Individuals can only acquire Japanese citizenship through birth, descent, or naturalization, which involves fulfilling specific conditions.
Only foreign residents with an impeccable character record, residing within the country for five years or longer, can be granted Japanese citizenship via naturalization. They must obtain long-term residency permits or visas through investments in Japan for a pathway for naturalization and eventual citizenship.
We strongly advise that you seek guidance from an accredited legal or financial expert to understand fully potential investment options, including associated advantages and disadvantages.
Lastly, it is critical to draw attention to the dual citizenship case; Japan does not recognize dual citizenship. Applicants must renounce their previous nationality to become a citizen of Japan.
Permanent Recidency:
While Japan does not have a specific Citizenship by Investment (CBI) program like some other countries, it offers different pathways for foreign investors and highly skilled individuals to obtain permanent residency.
One such pathway is the Investor Business Manager Visa, which allows foreign investors to obtain permanent residency in Japan within one year. This visa, designed for those who intend to engage in business management activities in Japan, such as establishing or managing a business, benefits permanent residency-seeking applicants in Japan, as it grants access to low mortgage interest financing through Japanese banks, which can be advantageous for purchasing real estate.
In addition to the Investor Business Manager Visa, highly skilled foreigners can apply for permanent residency through a fast-track system based on a points-based evaluation. Introduced by Japan’s Ministry of Justice in 2012, this system assigns points to applicants based on their achievements and qualifications in advanced academic research, advanced specialized/technical work, and advanced business management. The requisite minimum residence period before applying for permanent resident status varies depending on the points scored. For example, individuals scoring above 70 points must reside in Japan for at least three years, while those scoring over 80 points can apply after just one year of residence.
Under the points-based system, applicants can earn additional points for various achievements, such as employment in technology and growth industries, graduating from a top university, and having a successful career as a high-net-worth investor. These additional points can help increase an applicant’s overall score and improve their chances of obtaining permanent residency.
Regarding visa-free travel, Japanese citizens enjoy visa-free access or visa-on-arrival entry to 175 countries, making it one of the best passports with high travel freedom.
Performance Guarantee:
Despite the absence of a Citizenship by Investment scheme in Japan, foreign investors can still explore several investment options to obtain citizenship. For example, they may invest in real estate, establish a business venture, or fund technology and innovation projects within the country.
In investment initiatives like these, success criteria such as job creation and revenue targets must be met for optimal performance. Japan’s reliable legal and regulatory framework ensures that investors remain protected with accountability and transparency on a high level.
It’s noteworthy that Japan embodies a solid system of governance supported by strict enforcement and transparency to regulate its economy, thereby making it an attractive option for foreign investors. Nevertheless, it is advisable for entities considering investing in Japan to engage with proficient legal or financial representatives who can provide them with detailed information on the technicalities involved in this decision while carefully weighing up any associated risks before taking such a step. Investors should thoroughly review all contracts relating to their prospective investments and seek legal guidance as needed.