Sounds logical, but can you elaborate more on what is happening?
Essentially the amount of capital needed to get a business visa went up dramatically. It used to be about 30k USD and now it’s almost 200k. Plus other more onerous requirements:
https://www.bakermckenzie.com/en/insight/publications/2026/0...
The result seems to be that a lot of smaller restaurants and other foreign-owned businesses can’t really function and will close.
alt Hacker News
Essentially the amount of capital needed to get a business visa went up dramatically. It used to be about 30k USD and now it’s almost 200k. Plus other more onerous requirements:
https://www.bakermckenzie.com/en/insight/publications/2026/0...
The result seems to be that a lot of smaller restaurants and other foreign-owned businesses can’t really function and will close.