Hi folks,
My wife and I always thought of moving to Japan, but mostly for work we never did it.
In the past I thought we could do this if I find a job. I found now about the Designated Activities visa, which allows you to move there if you have more than 30 M per person.
My wife and I have a combined wealth of over 60M. We also have a kid (and eventually also over 90M combined wealth including our kid). Most of our wealth is mostly in stocks, we do not really have a lot in cash (just a year or so of expenses).
Is it possible to apply for this visa using our stocks to prove our wealth? Would this cover our wealth?
Thanks everybody for your responses!
4 comments
No. It has to be liquid, in a bank account or similar. They want to make sure you have easy access to money. Retirement accounts, stocks, real estate, etc… don’t qualify. Also it doesn’t just allow you to “move there,” it just gives you a 6 month visa, but one you can easily renew every 6 months. But that means you have to have the money in your account permanently, you can’t just move it over, get a visa, and move it back.
>My wife and I have a combined wealth of over 60M. We also have a kid
This status of residence specifically does not allow you to bring child dependents. https://www.mofa.go.jp/ca/fna/page22e_000738.html
Congrats on the wealth guys, happy to see people doing well! 🙂
With that said though, as another commented mentioned, you need to have cash on hand (in a bank and ready to use) to qualify for this visa.
This visa was designed for wealthy people to come and blow money so that’s why they want people with money ready to spend and not tied into stocks or properties and such.
So, your options are a bit limited with your money tied in stocks. Also having a child doesn’t work on this visa as well. Nonetheless best of luck! 🙂
To add what others have already said – this visa category is more of a rich person tourist visa. It isn’t intended for people who plan on long-term residency.