Japan has introduced major changes to its popular Business Manager Visa programme, increasing the minimum investment requirement sixfold to a dramatic 96% decline in visa applications.
The Business Manager Visa has long been regarded as one of the easiest pathways for foreign entrepreneurs seeking residency in Japan. Previously, applicants could qualify by investing ¥5 million (approximately $33,000) to establish a business in the country, attracting a large number of applications, particularly from Chinese investors.
However, under new regulations that took effect in October 2025, the Japanese government has raised the minimum investment threshold to ¥30 million (around $200,000).
In addition to the higher investment requirement, applicants must now meet several stricter conditions. These include employing at least one full-time Japanese citizen, possessing a minimum of three years of management experience or a relevant master’s degree, demonstrating JLPT N2-level Japanese language proficiency, submitting a verified business plan, and maintaining a registered business office in Japan.
Following the implementation of the new rules, the number of monthly Business Manager Visa applications has fallen sharply from an average of 1,700 to just around 70, representing a 96% decrease.
Kemi Onoda, head of Japan’s Immigration Services Agency (ISA), described the sharp decline as the intended outcome of the government’s policy. She said the reforms were designed to close a loophole that had allowed individuals to use the visa as a shortcut to Japanese residency rather than for genuine business activities.
Supporters of the policy argue that the stricter requirements will attract only serious, well-capitalised entrepreneurs, ultimately benefiting Japan’s economy through higher-quality investment.
Critics, however, say the tougher rules have effectively shut the door on small-scale foreign investors and aspiring entrepreneurs who previously viewed Japan as an attractive destination for starting a business and securing long-term residency.
Experts believe Japan’s revised Business Manager Visa policy is likely to reshape foreign investment trends and could significantly impact thousands of entrepreneurs across Asia who once considered Japan a preferred destination for business expansion and permanent residence.
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