Investment option as non-resident

[PKJapan]

Very niche question that I asked at yesterday's online conference - thanks for organising! - but would like to hear more opinions here.

I hold a Japanese permanent residency but will leave Japan in the next few months for work. The employer has no relationship with Japan, and I plan to keep my PR and eventually move back.

I am not sure what my investment options are in this condition as a non-resident. I must close my NISA account, and I can't continue to pay into any other funds with Japanese brokers like Rakuten. Is that correct?

Does anyone have any recommendations on how to use a large sum of yen sitting in the bank (several million yen)?
I am not keen on taking it with me, but of course do not want it sitting in a Japanese savings account and lose value through inflation.

Thanks

[adamu]

edit: Removed this answer as it was incorrect. Thanks Moneymatters!

[Moneymatters]

To the untrained eye (of which I am the poster child ) it appears that.
NISA you'll need to close. Unless your company orders you to work overseas, in which case you might be able to hold the account for up to 5 years. (But not make new investments into it during that time.).

Looks like and Tax holding account also needs to be closed.
https://faq.sbisec.co.jp/answer/5ebe28f ... 00111ebcbe
https://faq.nomura.co.jp/app/answers/de ... B%EF%BC%9F

But it seems you might have some luck moving things into a general account ( 一般口座)

https://yatsuyaku.com/securities_accoun ... residents/

I'm not clear if there are trading limitations whilst abroad and I'd be curious if there was differentiation between Japanese Nationals and PR holders.
There is a 日本人向け comment in that last link..

Failing that, buy gold and wear it like Mr T.
"I pity the fool!"

@adamu the definition of non-resident is living or planning to live outside for over one year. Or, assigned to work or studying abroad without a defined end date. I don't think holding an address in Japan changes things.

[EmaxisSlim Cultist]

In addition to what others have said, why not consider...

1. Only using tax-advantaged accounts with a Japanese broker (Nisa)

2. Keep all your other accounts with IBKR - Interactive Brokers.

This would reduce the risk.

If your PR is revoked, IBKR can transfer your holdings to your domicile countries' IBKR accounts. Your NISA may be frozen and/or sold, but you could wait until that is worked out as you would have access to your other accounts.

[adamu]

@adamu the definition of non-resident is living or planning to live outside for over one year. Or, assigned to work or studying abroad without a defined end date. I don't think holding an address in Japan changes things.

I stand corrected. I was confusing immigration status with tax status (again).