Local News

The first meeting of the Strategic Zone Committee for the national government’s new job creation zones will be held in Fukuoka on 6/28. A decision is expected to be made on additional measures for relaxing regulations, including laxer residency requirements for foreign entrepreneurs. Currently, foreign entrepreneurs need to have at least two full-time employees and at least ¥5 million in startup capital to obtain residency in Japan, but in the special zones, they will be granted a grace period of “a few years” to meet these requirements. Source: Nishinippon Shimbun 6/18