Japan Company Incorporation
What is the overall process of setting up a company in Japan?
As a foreigner in Japan, you’ll find the process of setting up a company in Japan to be quite systematic and well-defined. The journey begins with drafting the Articles of Incorporation, which serves as the primary document that establishes and registers your business in Japan.
What are the four types of corporations in Japan?
When setting up a company in Japan, choosing the right type of corporation is essential. There are four primary types of corporations: Kabushiki Kaisha (K.K.) , Godo Kaisha (G.K.), Goshi Kaisha (G.K.), and Gomei Kaisha (G.M.). Each of these types carries unique features, legal implications, and tax structures. Making an informed choice based on your business needs is crucial for the success of setting up a company in Japan.
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Process and Costs of Establishing a Company
● Decide on Basic Company Details: Decide on the company’s name, promoter, capital, business purpose, location of head office, etc. It is necessary to confirm that there is no identical trade name in the same location.
● Create Company Seals: Typically, three types of seals are created: representative director seal, square seal, and bank seal.
● Preparation and Certification of Articles of Incorporation: Articles of Incorporation are the rules and regulations of the company. The Articles of Incorporation are prepared and certified by a notary public at a notary public office.
● Transfer Capital: Transfer the capital to the designated bank account. The certificate of payment, typically a copy of the bank statement showing the transferred amount, is used as an attachment to the application for the company’s incorporation registration.
● Register the Company: Complete the legal registration at the Legal Affairs Bureau. Upon completion of the registration of incorporation, the company is legally established.
● Submit Various Notifications: Provide necessary documents to tax offices and other government agencies.
● Apply for Business Manager Visa Change: After establishing the company (if your residency status requires it), you must apply to the Immigration Bureau for a ‘Business Management Visa,’ which is necessary for running the business. Once the change to the Business Management Visa is approved, the entire process is complete.