Japan seeks to lure angel investors with 5-year residencies

New visa status aims to bring in startup capital and help catch up to U.S.

20240315N Roppongi

Japan sees a tiny fraction of venture capital compared with the U.S. (Photo by Konosuke Urata)

SAKURA HASHIKAWA, Nikkei staff writer

TOKYO -- Japan plans to grant up to five years residency for angel investors, Nikkei has learned, in a bid to bring in much-needed investment money for the country's startups.

The new residency status will be available as soon as next fiscal year, which begins in April. The residency visa will apply to 13 national strategic special zones.

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