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Company formation
in Japan
in Japan
Comprehensive assistance in company formation, including banking services
How to form a company in Japan
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Japan and opening a bank account in Japan
2
Payment of services
Payment of our services for company formation in Japan and/or bank account assistance in Japan
3
Company formation
We register a new company in Japan for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to incorporating a company in Japan
Company incorporation in Japan is possible with a share capital of just JPY 1.
1. Founders that would like to register a company in Japan can either be resident or non-resident in Japan. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a company director in Japan. It is required for a non-resident director to obtain a business-visa, to have a residence permit or a citizenship of Japan in order to register a company in Japan. We offer resident director services for companies registered in Japan.
3. One individual can register a company in Japan and simultaneously be a shareholder and a director in this company if such company is registered as a Godo Kaisha (A limited liability company).
4. There is no requirement for creating substance in Japan - no need to hire local employees or rent a company office in order to register a company in Japan or to conduct business in this jurisdiction.
5. Minimum share capital that is required to register a company in Japan as a limited liability company (Godo Kaisha) is JPY 1.
6. Information about company founders, shareholders and directors after company registration in Japan is complete is publicly available in the state corporate register.
7. We can help you register a company in Japan, as well as open a corporate bank account remotely, on the basis of a power of attorney.
2. A resident or a non-resident individual can be a company director in Japan. It is required for a non-resident director to obtain a business-visa, to have a residence permit or a citizenship of Japan in order to register a company in Japan. We offer resident director services for companies registered in Japan.
3. One individual can register a company in Japan and simultaneously be a shareholder and a director in this company if such company is registered as a Godo Kaisha (A limited liability company).
4. There is no requirement for creating substance in Japan - no need to hire local employees or rent a company office in order to register a company in Japan or to conduct business in this jurisdiction.
5. Minimum share capital that is required to register a company in Japan as a limited liability company (Godo Kaisha) is JPY 1.
6. Information about company founders, shareholders and directors after company registration in Japan is complete is publicly available in the state corporate register.
7. We can help you register a company in Japan, as well as open a corporate bank account remotely, on the basis of a power of attorney.
Cost of services
Incorporation of a Godo Kaisha
Timeframe - 15 business days
Timeframe - 15 business days
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for company formation
Advantages of incorporating a company in Japan
Attractive business-environment
- Location near South Korea and China
- 3rd largest GDP in the world
- Multiple active free trade agreements with the ASEAN member states
- Large logistics center for making shipments to Asia
- Access to markets in Asia
- Well-developed infrastructure
- Low inflation rate
Stability and security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax benefits
- Multiple free trade zones
- Multiple double tax treaties
No strict foreign exchange controls
- Although foreign exchange controls are established in Japan, individuals and business entities, either resident or non-resident in Japan may open bank accounts in local banks in any currency
Ease of establishing and doing business
- Minimum share capital to register a company in Japan as a Godo Kaisha is just JPY 1
- Remote company formation and remote banking assistance in Japan is available for any foreign individuals
- 100% foreign ownership and management of a company is available upon receiving a business-visa
More about Japan
Japan is located in Northeast Asia between the North Pacific Ocean and the Sea of Japan and has a territory of 377,873 square kilometers. Japan borders China, North Korea, South Korea and Russia and has access to the Yellow Sea, to the Sea of Japan and to the East China Sea, to the Philippine Sea, to the Sea of Okhotsk as well as to the Pacific Ocean. The capital city of Japan is Tokyo, the largest city and the location of key government institutions.
Population of Japan amounts to around 126 million people.
Population of Japan amounts to around 126 million people.
Official currency of Japan is Japanese yen (JPY).
In absence of substantial mineral reserves Japan has long depended on the import of energy resources and materials. The growth of Japanese economy in the second half of the 20th century and in the 21st century is based on the industrial development. Today Japan is the global leader in the production of electronics, electrical equipment, cars, ships, machine tools, optical and high-precision equipment, machinery and chemical materials. Tertiary sector is a significant part of the state GDP.
International trade contributes largely to the economy of Japan and amounts to 16% of the state GDP. Primary exports of Japan are cars, electronics, machinery and industrial goods. Key trading partners of Japan are the US, China and South Korea.
The GDP of Japan grew by 1,62% in 2021 and amounted to USD 4.93 trillion.
In absence of substantial mineral reserves Japan has long depended on the import of energy resources and materials. The growth of Japanese economy in the second half of the 20th century and in the 21st century is based on the industrial development. Today Japan is the global leader in the production of electronics, electrical equipment, cars, ships, machine tools, optical and high-precision equipment, machinery and chemical materials. Tertiary sector is a significant part of the state GDP.
International trade contributes largely to the economy of Japan and amounts to 16% of the state GDP. Primary exports of Japan are cars, electronics, machinery and industrial goods. Key trading partners of Japan are the US, China and South Korea.
The GDP of Japan grew by 1,62% in 2021 and amounted to USD 4.93 trillion.
International business expands to Japan and incorporates a company in Japan primarily for trading, logistics, import and export activities, provision of IT services, in some cases international business establishes retail sale of goods in Japan.
Restricted for foreign entrepreneurs are the following sectors:
Restricted for foreign entrepreneurs are the following sectors:
- operational activity of airports and seaports
- telecommunications
- creation, maintenance and modernization of military equipment and weaponry
- nuclear fuel processing
- roduction, sale and transfer of electricity
- postal services.
- Corporate income tax - 23,2% + local income taxes, effective tax rate reaches 31% to 35%
- Dividend withholding tax - 20,42%
- Interest withholding tax - 15.315%
- Royalties withholding tax - 20,42%
- Capital gains tax - 23,2% + local income taxes, effective tax rate reaches 31% to 35%
- VAT - Standard tax rate 10% or the reduced rate of 8% or exempt/exempt with credit
- Personal income tax - from 5% up to 45% + local income taxes.
Apart from such traditional business entity types as a limited liability company (Godo Kaisha) and a public limited company (Kabushiki Kaisha), corporate law in Japan offers to incorporate a company in Japan as:
1. General partnership (Nin i Kumiai)
2. Limited partnership (Toshi Jigyo Yugensekinin Kumiai)
3. Limited liability partnership (Yugen Sekinin Jigyo Kumiai)
To receive a detailed description of the company formation procedure in Japan and information about documents necessary for company formation in Japan please contact our experts.
1. General partnership (Nin i Kumiai)
2. Limited partnership (Toshi Jigyo Yugensekinin Kumiai)
3. Limited liability partnership (Yugen Sekinin Jigyo Kumiai)
To receive a detailed description of the company formation procedure in Japan and information about documents necessary for company formation in Japan please contact our experts.
Send a request for company formation in Japan
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Address:
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
