From a practical standpoint, the contents of the financial statements are very important.
For example, if a company is profitable but has small sales, it tends to take a long time to obtain a Business Manager visa 3 or 5 years.
If the annual sales are 7 million yen, the expenses are 5 million yen, and the net profit is 2 million yen, it is not easy to obtain a business management visa for 3 or 5 years because of the small sales scale.
It depends on the nature of your business, but my impression is that those who have annual sales of at least 10 million yen obtain a long-term visa for 3 or 5 years when they renew their Business Manager visa. I have an impression that at least those who have annual sales of 10 million or more obtain a long-term visa for 3 or 5 years.
In other cases, it is difficult to obtain a Business Manager visa for 3 or 5 years if the company has a loss carried forward, even if the recent sales situation is good and the company has a large surplus.
A loss carried forward means that the amount of the company's profit minus loss is negative, so it does not mean that you can obtain a long-term Business Manager visa if you make a profit in a single year.
Sometimes, there are those who think, "Since I am in the black this year, can I get a 3-year Business Manager visa?" However, the renewal examination for the Business Manager visa looks not only at the figures for a single year but also at past business performance.
With the August 2020 revision of the "Clarification of Eligibility Criteria for Foreign Managers", it is expected that the renewal of Business Manager visas will also look at the fulfillment of the business manager's obligations, so please understand the following points.
(Reference: Excerpts from "Clarification of Criteria for Status of Residence for Foreign Managers")
Compliance with labor-related laws and regulations, social insurance laws and regulations
The company must comply with labor-related laws and regulations and social insurance related laws and regulations. The same applies hereinafter). The working conditions of employees (including part-time workers) must be in compliance with labor-related laws and regulations. In addition, if the business is covered by labor insurance, it is required to follow proper procedures for enrollment in such insurance and to pay the insurance premiums appropriately.
In addition, if the company is an applicable business site for health insurance and employees' pension insurance, it is also required to take the necessary procedures for enrollment in such insurance, and to take the necessary procedures to qualify its employees for health insurance and employees' pension insurance, and to pay the appropriate insurance premiums.
If the company is found not to be in compliance with these labor-related and social insurance-related laws and regulations, it will be evaluated as a negative factor.
The key to obtaining a 3-year or 5-year Business Manager visa is that the applicant must meet the requirements for a Business Manager visa and be in sound financial condition.
If you are aiming to obtain a Business Manager visa for 3 or 5 years without fail, please consult with us at your earliest convenience in order to obtain permanent residence or a naturalization application in the shortest possible time.
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