Settling Down in Japan: Permanent Residency, a Home and Retirement Savings
The payment records for permanent residency, buying a home with a mortgage, and saving for retirement in Japan.
1. Keep a clean payment record
Permanent residency requires taxes, pension and health insurance premiums paid in full and on time, checked over the last 2 to 5 years.
2. Buying a home
Most lenders, including Flat 35, require permanent residency. The housing loan deduction returns 0.7% of your loan balance each year for 13 years.
3. Saving for retirement in Japan
If you plan to stay, iDeCo's tax saving becomes more attractive, alongside NISA.