Business Manager Visa Catch-22
Posted: Fri Apr 16, 2021 7:27 am
Anyone gone through the process of acquiring a Business Manager Visa (BMV)? I have over ¥5 million sitting in a Japan Post Bank account. I'm transitioning from a student visa to a BMV, and Japanese immigration is demanding proof that the ¥5 million should be in a business bank account as proof that it will be invested in my company.
Problem is, when I visited a Mitsubishi UFJ to open a business account, they told me that I cannot do this with a student visa, I need the BMV. Classic Catch-22. Also, my Zairyu card was due to expire within 3 months, another reason for the bank to deny me.
Before someone flags this post as a visa question that belongs on other forums, I genuinely would like to know how those who acquired a BMV was able to outmaneuver this bureaucratic hurdle and open a business bank account? I'm bewildered that there is not some type of holding deposit account option for foreigners who desire to become long term residents of Japan. Thank you!
Problem is, when I visited a Mitsubishi UFJ to open a business account, they told me that I cannot do this with a student visa, I need the BMV. Classic Catch-22. Also, my Zairyu card was due to expire within 3 months, another reason for the bank to deny me.
Before someone flags this post as a visa question that belongs on other forums, I genuinely would like to know how those who acquired a BMV was able to outmaneuver this bureaucratic hurdle and open a business bank account? I'm bewildered that there is not some type of holding deposit account option for foreigners who desire to become long term residents of Japan. Thank you!