| Incorporator |
An incorporator is an individual responsible for establishing a company, and prepares and signs/seals the articles of incorporation (Corporation Law Article 26 section 1). In order to incorporate a stock company, more than one incorporator is needed, and each incorporator must be subscribed for more than one share issued at incorporation (Article 25 section 2). There are no specific legal requirements to qualify as an incorporator. In addition, an incorporator, individual or a juristic person, of one company can act as an incorporator of another company, provided that it is within the designated purpose of the articles of incorporation.
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| Representative Director |
A Japanese national or a permanent resident of Japan is requested as a representative director in the following situations:
- Foreign residents who wish to incorporate in Japan, but they are not planning to enter Japan, or would like to manage company from overseas
- Legal representative director is absent on grounds of refusal based on Company Act
- Others
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| Year-End Tax Adjustment |
For most employees in Japan, income tax is withheld by the company at each paycheck. This withheld tax amount is based on the estimated annual income of the employee. Hence, any changes pertaining to the employee, such as employment status or monthly wage over the course of one fiscal year, will result in differences in the withheld income tax amount and the imposed annual income tax, in which case year-end tax adjustments would be required. The year-end tax adjustments for employees are done by their employer. Those who have received such adjustments do not need to file for Final Tax Return or Payment of Additional Tax Amount.
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