Company formation in Japan – SK Patodia

ADVANTAGES OF COMPANY FORMATION IN JAPAN

Japan is the third-largest economy (after the U.S. and China) and a technology powerhouse with a sizable electronic goods industry and automotive manufacturing sector. A major player in global trade and finance markets, the country has fostered relationships with Asia, Latin America, and Europe through key partnership agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (also known as CPTPP and TPP-11) and the economic partnership agreement (EPA) with the EU. Few reasons for doing business in Japan:

  • Japan’s involvement in major trade agreements has contributed to the country’s solid economic performance.

  • Business professionals in Japan are known for their strong work ethic and an affinity for teamwork and consensus decision-making.

  • A hub for innovation, Japan ranks third in the world for its spending on research and development.

  • Japan’s infrastructure is known for its sophisticated organization and operational efficiency.

REQUIREMENT TO OPEN A COMPANY

BASIC REQUIREMENTS

  • Minimum 1 shareholder (Individual/ Corporate Entity).
  • Minimum 1 director.
  • A director or shareholder can be the same or different person of any nationality.
  • 100% local or foreign shareholding allowed.
  • Minimum requirement of share capital for registration of a company in Japan is JPY1.
  • A local registered office address is mandatory before registering a Japanese company.
  • There is no requirement to be physically present at the time of company registration, but banks in Japan require the physical presence of the company principals at the time of account opening as part of their due diligence procedure.

DOCUMENTS REQUIRED

Individual Shareholder:

  • Application forms duly signed by the authorized signatory.
  • Passport Copy of the UBOs/ Shareholders/ Directors.
  • Copy of National Identity Card/Aadhar Card of the UBOs/ Shareholders/ Directors.
  • Most Recent Utility Bill/ credit card statement/ bank statement with name and residential address of the UBOs/ Shareholders/ Directors.
  • Curriculum Vitae (CV) /Profile of the UBOs/ Shareholders/ Directors.

Corporate Shareholder:

  • Applications forms duly signed by the authorized signatory.
  • Certificate of Incorporation of the corporate shareholder (mother company).
  • Memorandum & Articles of Association of the mother company.
  • Board Resolution detailing the formation of the branch or the subsidiary nominating an authorized manager.
  • Passport Copy of the UBOs/ Shareholders/ Directors.
  • Copy of National Identity Card/Aadhar Card of the UBOs/ Shareholders/ Directors.
  • Most Recent Utility Bill/ credit card statement/ bank statement with name and residential address of the UBOs/ Shareholders/ Directors.
  • Curriculum Vitae (CV) /Profile of the UBOs/ Shareholders/ Directors.

OUR SERVICES

Incorporation Services:

  • Company Formation.
  • Provision for the Local Nominee Director in Japan.
  • Tax Registration.
  • Assistance in the Corporate Bank Account Opening Process.
  • Business Manager Visa Application Support Services – Only if needed.

Other Maintenance & Compliance Services:

  • Accounting (depending on the volume).
  • Drafting of the financial statements Statutory Audit (depends on volume and complexity).
  • Corporate tax filing (depends on complexity).

TIME PERIOD

The incorporation procedure will last between 2 to 3 months while considering the time it takes to provide us with all the necessary valid documents and power to us in correct form.
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