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Start a Business in Japan- a Technologically Advanced Country

Why Should You Start a Business in Japan?

Japanis a technologically advanced country which is safe and secure. Hence, it is perfect to start a business in Japan. The inexpensive transportation system, stable business market, educated and smart workforce all making businessman turn towards Japan to begin their activities. Setting up a company in Japan is relatively a more straightforward process which can be completed quickly.

Japan is a globally competitive country for IT, health and automotive industries. Japan is ranked as 3rd GDP in the world, and the educated labour force is dedicated towards their job and perform better than anyone else. The technological advancement of this country makes it an innovation hub and the technologies used in this country aren’t used by any other country. All of these reasons attract investors to start a business in Japan.

 

How to Start a Business in Japan

To start a business in Japan, you need to fulfil the following requirements:
1. Find the right location for your workplace which will become your company address.
2. Prepare article of incorporation which determines the working of the company
3. Notarise this article of incorporation in the notary office
4. Finalise the capital investment
5. Register the company at the registration office.
6. Obtain this registry certificate for further registration processes such as acquiring licenses for export and import
7. Register with tax authorities to obtain a unique tax identification number
8. Open a local bank account
The complete process to register a business in Japan takes around two to four weeks if the owner is available in Japan otherwise the registration process may take more time due to unavailability of the investor.

 

Documents Required Before Registering a Business in Japan

The foreign investors must submit the following list of documents before registering a company in Japan:
For Corporation Business:
1. Certificate of incorporation
2. Annual return reports and financial statements of the companies
3. Written approval of the director for appointing new directors
For Individuals:
1. Passport copy and proof of address
2. Bank statements which show the availability of the funds
All the documents submitted by either corporations or individuals must be translated and submitted in Japanese.

All these processes can be successfully be completed with the guidance of a local service agent who is an expert in registering companies in Japan.

To successfully set up a company in Japan, you obviously need professional help. If you plan to open a company in Japan, please contact us, 3E Accounting will provide the best quality service at the most affordable price.