- May 25, 2024
- Posted by: legaleseblogger
- Category: Related News
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### Considering Teaching English in East Asia
I am currently torn between the idea of teaching English in China, South Korea, or Japan. One major concern I have is the feasibility of transitioning from teaching to owning a small business in Japan. I understand that a teaching visa would not allow me to pursue this venture, and that language fluency is a prerequisite. However, I envision establishing a business after gaining some experience. This plan aligns with my long-term goal of calling one of these countries my permanent home.
### Concerns About Capital Requirements in Japan
Specifically regarding Japan, I am uncertain about the amount of capital needed to establish a small business. In the United States, I could set up a side income stream, such as a Mexican food stand, with minimal investment. This venture has proven to be profitable and helps cover certain expenses. I am interested in replicating this model in Japan, but I lack the substantial capital of 30-50k required for traditional business setups. I am wary of risking such a significant amount if the venture does not succeed. Is it feasible for a foreigner to operate a small-scale food stand in Japan, and what alternatives do you suggest to mitigate financial risks?
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For a general idea on the entrepreneurial environment there are country comparisons at the World Bank’s Ease of Doing Business rankings. Overall, South Korea is ranked 5 in the world. Japan, 29 and China, 31. Methodology and breakdown by topic in link below.
https://archive.doingbusiness.org/en/rankings
If that wasn’t just an example and you’re considering making a Mexican food stand in Japan just be aware that the food truck market is booming right now with everyone wanting to do it – on the one hand that means there’s lots of places renting out their areas for it and customers but also means lots of competition and loads going out of business in months.
Also Mexican food in general just isn’t -that- popular here really compared to other countries, it’s a very basic level with a few chains selling horrible burritos / tacos and a few well established restaurants people ‘in the know’ go to and even Taco Bell is failing at selling their garbage and closing up most of their restaurants after coming here about 8 years ago. Whether that’s a market open for you to exploit or a sign that the demand just isn’t there is up to you to find out I guess.
It surprisingly easy and cheap to set up a company. And local govts have decent programs to support SMEs.
Doesn’t change the unfortunate reality that making it as an SME is hard.
In Japan is really easy to setup your own business if you don’t need a loan, and if you have certain education background there are plenty of visa option to start your business in Japan.
However is also really hard to maintain a food related business as you as you intend, the competition is brutal
You can’t just set up carts in Japan and sell stuff. Lots of regulations. Plus you need a visa. You are better off trying South Korea or staying in USA. Good luck.
If your considering china I wouldn’t you have to be a Chinese citizen to own a business, I spent two years living in Beijing and watched a friend loose everything because his Chinese business partner run away with the business and he had zero legal action
>I would spend no more than a couple hundred dollars to set up a side income of a Mexican food stand and it does pay some bills, and I want to try that in Japan
tl;dr no.
Speaking broadly, that kind of entrepreneurial spirit really doesn’t exist in Japan the way it does in other places.
To put it simply:
Some cultures look to solve “problems” or aim to find the “why”.
Japan looks for the way to avoid problems, and the “why not”.
Language, licensing (especially F&B), bureaucracy with a heightened aversion to mistakes (everything takes longer, as a result) raises the bar to entry quite a bit. It’s possible to thrive, but Japan generally doesn’t make it worth the effort when compared to other places imo.
Interestingly, you *will* see a surprisingly high amount of sole owner-operators here, but know that many of them “own a job”; not a living, breathing company. You have to really love the country or your work in other ways to justify it.
Existing brands with strong business models and lots of capital *do* have success , but that’s a different story.
Moreover, it’s important to know that man Japanese companies frown on side-work and it could jeopardize your employment or visa
If you are young and any of these sound like dealbreakers to you, take them seriously. If your primary interest in Japan isn’t a working holiday, getting married here, or teaching English, knowing the reality about these -in my opinion, unnecessary- challenges you will face as a business owner are important.
Japan is designed for safety and comfort. Take that as you will.
Good Luck!
Short answer: no
Long answer: also no
I don’t think you can form LTD anymore in Japan, but you can form Kabu-shiki or CORP (Co, LTD) with very small funds. You don’t need the minimum capital like 1,000,000 yen like in the old days. That is if you need to form a company to write off things for taxes. If you operate as Kojin jigyo without company (just private business) which is probably suitable for food stand, you don’t need investment other than paperwork, but you won’t be able to write most things off. Also, if you form company I think you can get tax break in the first 3 years (no consumption tax). Be prepared for scrutiny from local taxman in the first 3 years so make sure you keep all receipts and consult directly with tax expert. Also, if you operate food stand, the local health inspector will visit you, so make sure to read the local laws.