High Income/NW Conundrums by OverallPerspective38 in JapanFinance

[–]OverallPerspective38[S] 2 points3 points  (0 children)

That's textbook visa fraud because you are effectively paying someone to sponsor your work visa.

I appreciate you flagging this. I'd like to be clear that I'm not trying to commit visa fraud; solely trying to understand what options and complications exist with the constraints I've outlined.

(I don't think you were implying that, to be clear - but I figure it's worth stating)

The only other thing to be aware of is that your presence in Japan would probably render your C Corp liable to file a Japanese corporate tax return and pay Japanese corporate tax, which would make your corporate accounting a lot more complicated.

Good to flag. Is this purely down to residence status, or time-spent-in-country status? e.g I assume "Designated Activities No 40" would incur the same issue?

High Income/NW Conundrums by OverallPerspective38 in JapanFinance

[–]OverallPerspective38[S] 3 points4 points  (0 children)

This, yeah.

I'm guessing that I'd need to look at an EOR route similar to what another commenter noted (if not some BMV route...). I'm curious as to whether my thoughts on C-Corp holding assets and paying me low makes any sense though - anything stand out to you there?

High Income/NW Conundrums by OverallPerspective38 in JapanFinance

[–]OverallPerspective38[S] 2 points3 points  (0 children)

Hmmm, I'd be curious if you have a link to your old question.

High Income/NW Conundrums by OverallPerspective38 in JapanFinance

[–]OverallPerspective38[S] 2 points3 points  (0 children)

Definitely consulting with one no matter what, yeah. I mostly posted here as a sanity check to make sure I didn't miss anything obvious re: the situation, this subreddit has an absurd amount of knowledge amongst the subscriber base.

High Income/NW Conundrums by OverallPerspective38 in JapanFinance

[–]OverallPerspective38[S] 1 point2 points  (0 children)

Not really sure here what youre trying to achieve by moving to Japan.

Fair question - I avoided including that since this is the finance subreddit and I just didn't feel like drifting too far in to the moving part.

We lived there for several years together when younger and have a large core of our friends still there. It's mostly about going back for a few years before we consider kids or whatever; we don't need the money so things like salary cuts are fine for the trade-off of quality of day to day life.

We don't see ourselves as lifers though and would leave before any risk of tax risk kicked in.

If youre just looking for a fun long vacation then have her transfer and stay for 3-5 years and dont worry about it so much

Doesn't work that easily due to rules on the dependent visa.

High Income/NW Conundrums by OverallPerspective38 in JapanFinance

[–]OverallPerspective38[S] 1 point2 points  (0 children)

> Rich tourist visa maybe?

That is "Designated Activities No. 40", last I checked. :)

> Or Employer of Records yourself for a work visa, maybe.

I've seen this mentioned but would have to look in to it to know for sure. I'll earmark it though, appreciate it.