San Mai San, a Hong Kong-style congee restaurant in Tokyo with many positive reviews, will be shutting down in May because the Takaichi Administration raised the capital requirements for a Business Manager Visa from 5 million yen ($31K) to 30 million yen ($190K).
The owner, a 47 year-old man from Hong Kong, told the Asahi Shimbun, “I didn’t want to give up on the restaurant so easily, but I had no choice.”
Even though his restaurant was popular, the new capital requirement was too much.
The change of visa requirements was justified as a measure to prevent foreign people from setting up fake "paper" companies, but it's also having an impact on legitimate small businesses that were set up by legal immigrants who pay taxes and contribute to the local community.
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朝日新聞デジタル編成席
@asahicom
「店を閉じるしか」インド料理店が悲鳴 外国人に資本金3千万円の壁
asahi.com/articles/ASV4P