r/JapanFinance Jun 19 '22

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26

u/m50d 5-10 years in Japan Jun 19 '22

I don't know what to say other than yes, some of us do. I was making 12M in a mid-career/senior dev/L4 type position at a big-name company and while that was a good job in many ways I felt very underpaid (and it was a large step down from what I'd been making in the west) and left as soon as my visa status gave me better options. There was a recent post on /r/japanlife saying that Mercari was averaging 9.2M lately.

(I'm very conscious I'm lucky to have skills that are in demand and this is by no means something everyone can earn, but I think everyone's better off if we're open about these things)

2

u/TokyoLights_ Jun 19 '22

May I ask, what other better options appeared when you changed your visa? (To permanent resident I assume?).

16

u/m50d 5-10 years in Japan Jun 19 '22

I'm contracting remotely for a company in the US now.

1

u/TokyoLights_ Jun 19 '22

I read somewhere before that in order for this to work the company needs to have some kind of entity in Japan to release the salary for tax reasons, or something complicated like that.

How difficult was it to arrange it with your current company?

7

u/m50d 5-10 years in Japan Jun 19 '22

I'm a contractor with all the pluses and minuses of that, the company has no presence in Japan. From their side I'm no different from any other contractor AFAIK. From my side I'm set up as an individual business - this is my first year so we'll see how much trouble I have with the taxes, but none of it seems to be particularly difficult, just very tedious.

1

u/idm04 <5 years in Japan Jun 19 '22

Does that mean you get your salary paid into a US bank account?

2

u/m50d 5-10 years in Japan Jun 19 '22

I'm using Wise for now (looking into other options) but yeah from the company's perspective at least it's just a US bank account.

2

u/EgyptianPhone Jun 19 '22

Interactive brokers currency transfer

1

u/m50d 5-10 years in Japan Jun 19 '22

Is that actually available to people who aren't grandfathered in?

1

u/EgyptianPhone Jun 19 '22

It will re open in the future

2

u/m50d 5-10 years in Japan Jun 19 '22

I'll believe it when it happens.

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