Im a US citizen but I have family that are Japanese nationals. I have some cousins who are wanting to move out of their parents house but with the economy being difficult they’re unable to afford a place with their current income.
I’ve been looking into avenues for a visa and have been looking into business manager visa. My initial plan was going to require a lot of work to get my spouse’s business to Japan, but I’ve been curious about rental management. I was told the the ¥5mil investment requirement doesn’t not apply to purchasing a property but would qualify for renovations. If I were to purchase a property, renovate to hit the ¥5mil and rent to my family, even if the rent was not typical for market value would that be sufficient for a business plan?
I’m not familiar with renting laws in Japan as well so would consult a lawyer but curious if anyone has done something with rental properties for this type of visa?
Edit: I am a high income earner in the US, and am not planning on moving to Japan any time soon. However, I would like the opportunity to retire or spend part time in Japan years from now if possible.
by Kamata-