Japan launches New Resident Visa Program to entice foreign talent to the country. Under this program, eligible foreign nationals will be granted priority immigration status. The announcement was made by relevant Japanese cabinet ministers during a meeting held on Friday. The new policy will include a specific category for highly skilled professionals, such as foreign researchers and engineers who earn an annual income of at least 20 million yen and hold either a master’s degree or possess ten years of work experience.
The special category for highly skilled professionals under Japan’s new resident visa program will also include corporate managers who earn over 40 million yen and possess at least five years of work experience. Eligible foreign nationals who fulfill the program’s requirements will be able to acquire the right of permanent residence after living in Japan for just one year. They will also receive preferential treatment in immigration control. Furthermore, graduates from prestigious universities listed in the World Higher Education Rankings who wish to work in Japan will be eligible for visas that last up to two years.
Japan’s robust infrastructure, distinct culture, affluent history, and varied economic opportunities have made it a preferred destination for foreigners. Nevertheless, the nation is currently encountering a challenge due to its aging population, which has led to a scarcity of domestic labor. To tackle this issue, Japan has decided to adopt immigration as a solution.
Historically, foreign nationals had to live in Japan for a minimum of ten years and possess a Japan work visa for at least five years within that time frame to be eligible for permanent residency (PR). However, updates regarding the relaxation of these requirements could simplify the process of acquiring PR for foreign nationals.
Japan implemented the Highly Skilled Foreign Professional (HSFP) Visa in 2012, utilizing a points-based system to assess an individual’s qualifications, which comprised factors such as age, income, Japanese language proficiency, and work experience. This visa granted holders specific immigration privileges, such as an expedited route to permanent residency (PR).
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