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Proof of Fundings to move to Japan
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2016/4/16 02:01
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Hello all! I'm planning to move to Japan by April 2017 and enroll into a Japanese Language school to get the student visa. I'm from Argentina.
Currently I have enough savings to support myself for about a year and a half in Japan, but it is all invested in high yield local goverment's bonds (USD denominated).
I was planning to maintain this money invested until the time I have to move to Japan and then liquidate everything so I can have the cash (about 30% of my position matures by April 2017 anyway).
My question is: will the Japanese school (and the embassy) accept a stock broker's account balance as proof of funding or should I liquidate my entire position so they can see I have enough cash in my banking account? I'm only concidering the second option if otherwise the risk of getting the CoE and the visa is high.
Thanks in advance.
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by seba1807 (guest)
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Re: Proof of Fundings to move to Japan
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2016/4/18 10:53
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It is tricky. Why not ask your school? Otherwise, ask an education. agent: http://motivistjapan.com/ My feeling is that you could explain them how this (your investment) works (including the terms of your investment), to show them that it is quite "liquid". But I think - I am only guessing - that they would not bother checking that. Too complicated. But again, ask your school or ask experts if you want to be sure. Good luck!
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by Marc5
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Re: Proof of Fundings to move to Japan
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2016/4/19 07:27
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I recommend you get specific advice on this (not from a forum). The rules are a little tricky - for example, I was advised my my lawyers to have the funds in a Japanese bank account to demonstrate necessary funds (under investor visa), but I did my CoE/Visa a different route so I never tested that.
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by JapanCustomTours
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Re: Proof of Fundings to move to Japan
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2016/4/21 23:23
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Thanks so much! I've contacted an agent and he advised to show a bank account with at least 2.000.000 yens if I want to get the 1 year student's visa. So I guess I'll have to liquidate at least that amount out of my position.
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by seba1807 (guest)
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