Thank you all for previous replies to my house buying questions.
Next round of questions! (Sorry, Google really ain’t cutting it for this kinda stuff)
At this point I’m thinking about making a juminhyo to make things smoother. I got a Japanese passport and honseki. As far as I know I just gotta go to a kuyakusho and do the paperwork and give them a handful of coins.
Questions are-
I’ll still be working, paying taxes, and living (most of the time) in the US. No income in Japan. Would I be considered a NON-PERMANENT RESIDENT? I question this because I have Japanese citizenship, when I Google it some websites say if I’m a Japanese national I would have to pay taxes in Japan too.
I would keep less than 100万 in my presumed Japanese bank account so I don’t have to report it to US taxes. That money would come from savings so I don’t have to submit a remittance right?
I think health insurance is 4-8万 (depending on prefecture) for a person with no income? Is that info up to date?
And I don’t have to pay for かいご ほけん until I’m age 45 (or somewhere around there) right?
And I wouldn’t have to pay into the pension due to no income, yes?
And if you’ve read my other posts, honestly I’m gonna marry this girl eventually I probably should do it now. Lol would make things a lot easier
by DegreeConscious9628
3 comments
Basically your off the radar now, if you start the process you may get back on the radar.
If your a dual- citizen by birth you’re probably Okay, but your may be forced to choose a citizenship. You can so simply declare your best efforts to get rid of your American citizenship, and not due so. That seems to work “fine” at “present”.
I am not sure why you want to do all this if you’re not looking to relocate here now. Whatever cash you have will outpace inflation in Japan and grow in your investment (or bank account) back home. Then when you’re ready to move here, you don’t need to balance so many things.
Health insurance with no income is like 6,000 JPY or something. Pension is mandatory for every resident and is around 17,000 JPY. You can get exemption if you don’t have job, but you have to apply for it every 6 months or so and get approved. By default you need to pay.
You don’t have to report bank accounts above a certain amount on US taxes. It’s an FBAR, which is a totally different thing. It only takes 5 minutes to do once a year, and reporting your bank account doesn’t mean you owe money on it or anything.