venture-jp.com

Meguro International Law Office

Support Company Establishment for Foreigners
(Company Formation,Company Set up)

Consultation application / Inquiry

10:00 to 17:0003-6421-7827

        

Q&A:General Questions

Is it possible to acquire a Business Manager Visa by registering your own home or virtual office as the company office?

The examination will be quite strict if you plan to turn part of the property you are using as a residence into an office. For a greater chance of approval, we recommend that you establish your office in a separate location from your home residence.

Is it possible for a corporation to be established with a foreign director on its board?

Yes, it is possible.

Is it necessary for a foreigner to have an address in Japan when establishing a company in Japan?

No, it is not necessary. Even if all the representative directors reside abroad, it is possible to apply for a company registration in Japan.

Do I have to get a Business Manager Visa to set up a company in Japan?

Not necessarily. If you have one of the following visas, you do not have to acquire a Business Manager Visa:

  • ① Permanent Resident Visa
  • ② Spouse of Japanese National
  • ③ Spouse of Permanent Resident
  • ④ Long Term Resident (Japanese Descendant and his/her spouse, Child of Japanese National, and Permanent Resident)
I am currently a foreign student. When is the best time for me to start a company here in Japan?

It is recommended that you incorporate the company around the date of your graduation ceremony and apply for a Business Manager Visa thereafter.
After establishing a company but before operating that company, you must acquire a Business Manager Visa. (If you fail to complete this required process, it is possible that your actions would be considered “Activity Other Than That Permitted under the Status of Residence Previously Granted”.)

Q&A: Company formation

I would like a consultation to learn about the process of establishing a company in Japan. How much is the consultation fee?

Our consultation fee is ¥5,500 per 30 minutes. We can provide online consultations via Skype or Zoom, and we gladly accept requests for consultations from individuals located outside of Japan.

I heard that there are various forms of corporations in Japan. What forms are there?

You heard correctly: Japan does allow for various forms of corporations. For example, there are stock companies (Kabushiki Kaisha), limited liability companies (Godo Kaisha), general incorporated associations, and incorporated nonprofit organizations (NPOs). Each form has its own characteristics; thus, we will ask you the purpose or target of your business and propose the appropriate form of corporation.

What’s the difference between a Kabushiki Kaisha (Japanese K.K.) and a Godo Kaisha (Japanese G.K.)?

Both are forms of limited liability companies, but there are some key differences. One important distinction is that the costs (both to set up and to maintain a K.K. versus a G.K.) differ. The costs associated with a Godo Kaisha are lower than those of a Kabushiki Kaisha.

Can I use English alphabet in the name of a company?

Yes, you can. It is permissible to not only use Japanese but also the alphabet in a company name.

How many incorporators are needed to set up a company in Japan?

Even merely 1 incorporator is acceptable.

What amount of capital do I need to start a company?

There is no requirement for a minimum amount. You can invest merely ¥1 to set up a company if you wish.
However, the amount of capital represents the strength of the company. In the case of a newly established company, the amount of capital is directly used as an indicator of the size and credit of the company, so a certain amount is required.
If the capital is ¥10 million or more, consumption tax will be levied from the first year of establishment. Therefore, many companies are established with a capital amount of less than ¥10 million.
Besides, please note that a certain amount of capital may be required depending on the purpose of establishing the company. If you plan to obtain a Business Manager Visa, ¥5 million or more in capital is necessary. If you are going to start a recruiting and dispatching business/agency for temporary personnel, ¥20 million or more in capital is required. If you are planning to start an employment placement business/agency, your amount of capital must be ¥5 million or more.

How many directors are needed to set up a company in Japan?

Even merely 1 director is acceptable.

What are Articles of Incorporation?

Articles of Incorporation are articles or clauses that describe the essential points of a company. Listed together in a single document (called the Articles of Incorporation), they cover such matters as the company’s name, the corporate purpose, and the like.

At which notary public office do I need to have the articles of incorporation certified?

It must be done at a notary public office in the prefecture where the company's head office is located. For instance, if you plan to set up your head office in Tokyo, you must have the articles of incorporation certified at a notary public office in Tokyo.

Where can I submit the necessary documents to register a company?

Documents must be submitted to the Regional Legal Affairs Bureau.

To which Legal Affairs Bureau do I need to apply for registration of incorporation?

You must apply to the Legal Affairs Bureau that has jurisdiction over your company's head office location. For example, if you plan to set up your head office in Minato-ku, Tokyo, you will need to apply to the Tokyo Legal Affairs Bureau Minato Branch.

Can I open a bank account in the name of the corporation as soon as I apply for registration of incorporation?

When you open an account at a financial institution in Japan, you need to submit a certified copy of the company registration. Therefore, you cannot open a bank account for your company until the entire registration procedure is completed.

Can I use a bank account at an overseas branch of a Japanese bank to deposit my investment of capital?

Yes, fortunately, you can.

How long does it take to set up a company in Japan?

The process usually takes approximately 2 to 4 weeks.

How much does it cost to set up a company in Japan?

You must pay at least the following expenses to set up a company in addition to our legal fee:

  • 1 Registration Tax ¥150,000
  • 2 Certification of the Articles of Incorporation ¥50,000
  • 3 Revenue Stamp ¥40,000
After registering my company, do I have to report it to any particular public offices?

Yes, you do. It must be reported to the tax office and city office.

Q&A: Business Manager Visa

If I invest \1 and set up a company in Japan, is it possible to get a Business Manager Visa?

Unfortunately, the answer is no. If you want to obtain a Business Manager Visa, we recommend investing at least ¥5,000,000.

I’m a university student now. I want to start my own business as soon as possible. If I quit my university now, would it be possible to get a Business Manager Visa?

Yes, it would be possible. A post-secondary degree is not a prerequisite for obtaining a Business Manager Visa.

Currently, I have a Specialist in Humanities Visa and work for a Japanese company. I want to quit my job and start my own company. Do I have to change my visa?

Yes, you do. Your visa should be changed to a Business Manager Visa in order for you to become a director and start your own business.

After starting a business in Japan, what kinds of taxes do I have to pay?

There are several types of taxes imposed on a company established in Japan. These include corporate taxes, enterprise taxes, consumption taxes, and the like.

If I set up a company in Japan, can I buy properties in Japan even if I am the only shareholder of the company?

Yes, it is possible to do so. We can provide support to you not only in finding and buying property but also in obtaining a loan from a bank.

Q&A: Financial support

I’m not Japanese. Do I have a chance to get a loan from a bank to start my own business?

Yes, you do. You can apply for a loan from Japan Finance Corporation, which is a bank established by the Japanese government.

How much money might I be able to borrow?

The loan amount depends on the case. The average amount is between ¥3,000,000 and ¥10,000,000.

How long does it take to get a loan from Japan Finance Corporation?

It usually takes 2 to 3 weeks from the date of the interview.

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